The Ascott Limited, CapitaLand’s wholly-owned service residence business unit, said it has secured a contract to manage its first serviced residence in Xiamen of Fujian Province in China.
Slated to open in late 2012, the 169-unit Citadines Jinshang Road Xiamen is the first international branded serviced residence in Xiamen.
The service residence is located in the heart of Huli District, which is well connected to the Xiamen airport and seaport. It is situated next to the Huli government office and is close to the Huli Economic Zone and high-tech district which houses 24 Fortune 500 companies.
When completed, it will offer a range of studios to three-bedroom apartments. All apartments will come with a fully-equipped kitchen and separate work and sleeping areas.
Ascott now has more than 8,000 apartment units in 42 properties across 17 cities in China.
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