Somerset Puteri Harbour to be managed by Ascott

KUALA LUMPUR: The Ascott Ltd has been appointed managers of the Somerset Puteri Harbour serviced residences in Johor upon its completion.

Scheduled to be launched next month, the 204-unit serviced residences — located in the waterfront development of Puteri harbour in Nusajaya, Johor — is being developed by Nusajaya Consolidated Sdn Bhd (NCSB), a joint venture between United Malayan Land Bhd (UM Land) and UEM Land Holdings Bhd. The units range from studios to three bedroom units with prices starting from RM80 psf.

NCSB has on Tuesday, Oct 25 inked an agreement with Ascott to provide technical advisory services during the development of the project and another agreement for Ascott to provide management services upon completion of Somerset Puteri Harbour in 2013.

Present at the signing ceremony were NCSB director Pee Tong Lim, who is also UM Land group CEO, Ascott regional general manager for Singapore and Malaysia Tan Boon Khai and UM Land director of operations Zulkifly Garib. Also present was NCSB director and managing director/CEO of UEM Land Datuk Wan Abdullah Wan Inbrahim.

Pee said, "We are honoured to have Ascott to manage Somerset Puteri Harbour. With its solid reputation and global marketing network, we strongly believe that this collaboration will be a win-win (situation) for all parties."

Wan Abdullah, who was recently named Property CEO 2011 at the International Real Estate Federation (FIABCI) Malaysia Property Award 2011, commented "It has been a very good year for Nusajaya as the development is coming along really nicely. We have recently won the prestigious Best Master Plan in the Malaysia Property Award. Looking forward, the coastal highway linking Nusajaya to Johor Bahru will be open in a few weeks."

Ascott is CapitaLand's wholly-owned serviced residence business unit. Somerset Puteri Harbour is within walking distance to Kota Iskandar, Johor's new administrative center, 20 minutes drive from the Malaysia-Singapore Second Link, 25 minutes from Senai International Airport and a mere 10 minutes away from the first Legoland theme park in Asia.