FRASERS Hospitality unveiled its third property, the Fraser Residence Kuala Lumpur, claiming it to be the city’s largest serviced residence. After the launch of Capri by Fraser in 2014, and Fraser Place in 2010, Fraser Residence ups the Frasers Centrepoint Group’s portfolio within Kuala Lumpur to 1,000 apartment units.
Frasers Hospitality chief executive officer (CEO) Choe Peng Sum said the new property follows the strong demand it received for its first two properties.
“We expect this demand to continue as the resurgence of interest from foreign firms will be further boosted by the government’s implementation of the Economic Transformation Programme. With plans to attract over 100 of the world’s leading firms, with Kuala Lumpur expected to contribute US$59.4 billion (RM218 billion) to the country’s gross national income by 2020, we expect economic growth to continue to drive the need for increased serviced residences, which we will be well placed to meet,” Choe said.
The hospitality arm of the Singapore-based Frasers Centrepoint Group, Frasers Hospitality has a global portfolio, including those in the pipeline, of 94 properties in 50 key gateway cities, and more than 17,000 apartments worldwide. The company is on track to double its inventory to 30,000 residential units over the next five years.
Fraser Residence Kuala Lumpur houses 445 serviced residence units in the city centre and is within walking distance of the Petronas Twin Towers, Suria KLCC and the Kuala Lumpur Convention Centre. It offers a range of spacious, fully furnished apartments from 42 sq m studio apartments to 490 sq m 4-bedroom apartments that can accommodate eight people. Each unit features floor-to-ceiling windows and boasts stylish interiors with neutral tones, with defined living, dining, kitchen, work and bedroom areas and comprehensive home entertainment systems.
Among the offered facilities within the property is a 24-hour fully equipped Sky Gym and Yoga Suite with a view of the city’s skyline, a landscaped outdoor swimming pool, a children’s wading pool, an outdoor Jacuzzi, steam and sauna facilities, a spa, a kids play zone and a Club Lounge & Bar with indoor and alfresco seating as well as an all-day-dining restaurant. Its business accompaniments include boardrooms, meeting facilities with a capacity of up to 80 persons and pre-function guest reception areas.
Fraser Residence Kuala Lumpur provides 24-hour security and CCTV surveillance, round-the-clock reception and concierge services, 24-hour room service, daily housekeeping, laundry services, shuttle service to key business and shopping districts, and complimentary high-speed WiFi Internet access.
A 20-minute drive from KL Sentral, it is close to multinational companies, embassies and tourist sites such as the National Art Gallery and the National History Museum, and is easily accessible via the Bukit Nanas monorail and Dang Wangi LRT stations.
This article first appeared in The Edge Financial Daily, on March 27, 2015.
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