Swiss-Garden Residences achieves 90% average occupancy, plans expansion

KUALA LUMPUR: Swiss-Garden Residences have achieved to-date 90% average occupancy following its soft launch in April, said operator Swiss-Garden Hotel & Residences central region group general manager Rayan Komatt.

“This is a reflection and testament that serviced residences are in great demand and an emerging trend compared to hotels,” he said in a speech at the official opening of its first serviced apartments yesterday.

The hotelier sees growing potential in the serviced apartments segment and plans to start three new Swiss-Garden Residences in Butterworth, Malacca and Kuantan within the next three years, said Swiss-Garden International vice-president of business development and sales and marketing, Francis Lee.

Swiss-Garden Residences Kuala Lumpur sits on a 1.7-acre (0.68ha) site that is a stone’s throw away from the vibrant Bukit Bintang district.

The serviced apartments have a gross development value of RM320 million and are divided into a north and south tower that stand at 37 storeys and 33 storeys respectively.

The development features a total of 478 units, most of them ranging from 550 sq ft 1-bedroom to 750 sq ft 2-bedroom types, and there are also two units of 2,700 sq ft penthouses.

Swiss-Garden Residences Kuala Lumpur marks the hotelier's foray into serviced apartments.

These lodgings are intended for corporate and business travellers who are either on short trips or looking for longer-term accommodation.

Facilities include an infinity pool, a Jacuzzi, children’s pool and playground, squash court, gym, sauna, games room, reading room, launderette, convenience store, business centre and complimentary shuttle services.

Apart from the serviced residences here, Swiss-Garden International Hotels, Resorts & Inns manages and operates six other hotels and resorts in Malaysia and Australia.

These are Swiss-Garden Resort & Spa Kuantan, Swiss-Garden Golf Resort & Spa Damai Laut, Swiss-Inn Kuala Lumpur, Swiss-Inn Sungai Petani, Swiss-Inn Waterfront Sandakan as well as Garden Lodge in Sydney, Australia.


This article appeared on the Property page, The Edge Financial Daily, August 19, 2011.