Ascott expands in Vietnam opening new Somerset branded residence
The Ascott Limited (Ascott) has won a contract to manage a new 100-unit serviced residence in Ho Chi Minh City, Vietnam, under the Somerset brand. Opening in December this year the property, Somerset Vista Ho Chi Minh City, will become part of The Vista, a premier residential development by CapitaLand, Thien Duc Trading Construction Co., Ltd and Phu Gia Investment Joint Stock Company. Ascott will also manage Vista Residences, a 168-unit property within The Vista available for lease by November.
Somerset Vista Ho Chi Minh City joins three well-established Somerset residences in the city and will help to consolidate the company’s position as the largest international serviced residence owner-operator in Vietnam, with more than 1,600 apartment units in 11 properties across four cities (Ho Chi Minh City, Hanoi, Hai Phong and Danang). Ascott’s strategic growth target for Vietnam is 2,200 apartment units by 2015. Its first property in Hai Phong - Somerset Central TD Hai Phong City – will open in 2013, and its first in Danang - Somerset Danang Bay - in 2014.
About Somerset Vista Ho Chi Minh City and Vista Residences : Somerset Vista Ho Chi Minh City and Vista Residences are located in the prime residential area of An Phu Ward. They will both offer apartments ranging from two- to four-bedroom units and at Somerset Vista Ho Chi Minh City each fully furnished apartment will benefit from a well-equipped kitchen, separate work and living areas, home entertainment system and modern amenities. Facilities include a 50-metre lap pool overlooking beautifully landscaped gardens, a children’s pool and playground, gymnasium with state-of-the-art fitness equipment, a clubhouse with steam and sauna, jacuzzi, tennis court and golf putting green. Accessed via the Hanoi Highway and the East-West Highway, Somerset Vista Ho Chi Minh City and Vista Residences are conveniently close to the central business district and Ho Chi Minh City’s British International School. They also offer guests immediate access to the medical clinic, retail outlets and office facilities within The Vista.
