CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has clinched a contract from China Overseas Property to manage the first international brand of serviced residence in Macau SAR.
The premier serviced residence, slated to open in 2014, is to be named Ascott Paragon Macau.
Ascott Paragon Macau will be located within Dynasty District in the heart of Macau. Dynasty District is an international business and retail hub by the city’s waterfront. It is home to premier Grade-A office spaces, major shopping malls, prestigious residences and numerous attractions.
The district is just five to ten minutes away from the Macau International Airport and Ferry Terminal.
It enjoys convenient accessibility to Guangzhou through the Guangzhou-Zhuhai railway and to Hong Kong via the Hong Kong-Zhuhai-Macau Bridge which is due for completion by 2016.
The luxurious serviced residence will be within walking distance to many places of interest such as the Macau Cultural Centre, Ruins of St. Paul’s and Handover Gifts Museum of Macau. It will also be close to a myriad of dining, shopping and entertainment options.
Globally, Ascott has more than 27,000 apartment units in over 70 cities across 20 countries. In China, Ascott has about 6,600 apartment units in 36 properties across 16 cities.
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