Ascott opens its first serviced residence in Haiphong

January 24, 2015 | 16:38

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CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has opened its first Somerset serviced residence in the northern port city of Haiphong.

The 132-unit Somerset Central TD Haiphong City is located on a prime urban area in the city’s new central business district. The new property is the first international branded serviced residence in Haiphong and reinforces Ascott’s presence as the largest international serviced residence owner-operator in Vietnam. Ascott currently has over 2,000 apartment units in 13 properties across four cities in the country – Hanoi, Ho Chi Minh City, Haiphong and Danang.

“Ascott has established a presence in Vietnam for two decades and we remain confident in the long-term economic outlook of the country, underpinned by its large, young workforce and pro-growth policies. We expect strong demand from the influx of expatriates to Haiphong as the city further urbanises,” Mark Chan, Ascott’s country general manager for Vietnam, said. “The local government’s strong support for the development of the infrastructure as well as new industrial parks in Haiphong will further spur economic growth in the city. Ascott will have the first mover’s advantage by being the first international branded serviced residence operator to offer quality serviced accommodation in this growing market”.

To celebrate the opening of Somerset Central TD Haiphong City, Ascott is offering special introductory rates starting from VND1,650,000++ per night or VND30,450,000++ per month for a Studio Executive from now until April 30, 2015.

For reservations or more information, please visit www.somerset.com, call (84-31) 3810000 or email enquiry.haiphong@the-ascott.com.

Besides Somerset Central TD Haiphong City, Ascott operates three properties in Hanoi – Somerset Grand Hanoi, Somerset Hoa Binh, Somerset West Lake and five other properties in Ho Chi Minh City – Somerset Chancellor Court, Somerset Ho Chi Minh City, Somerset Vista, Vista Residences and Diamond Island Luxury Residences. The company will be opening more properties in Vietnam including Somerset West Central Hanoi, Somerset Danang Bay and Ascott Waterfront Saigon in 2016.