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25 Jun 2010 - Kuala Lumpur, Malaysia
Serviced Residences at the Hub of Business and Entertainment District
Singapore, June 24, 2010: - Frasers Hospitality Pte Ltd today established a significant presence in Kuala Lumpur, Malaysia with the grand opening of its maiden property, Fraser Place Kuala Lumpur – the first of two serviced residences to open in the heart of the city.
Located in the prestigious ‘Golden Triangle’ and within walking distance of the iconic Petronas Towers, Fraser Place Kuala Lumpur occupies floors 9-30 of an integrated retail and office complex, and is surrounded by world-class shopping malls, vibrant nightclubs and trendy alfresco dining.
“This new property reflects all the hallmarks of the Fraser Place brand, in particular its great location,” said Mr Choe Peng Sum, Chief Executive Officer, Frasers Hospitality Pte Ltd.
“As we expand our footprint globally, a key imperative for our Fraser Place properties – from London to Bahrain, from Shanghai to Paris -- is an ideal, inner-city location in the heart of the entertainment district,” he added.
Reflecting the chic, vibrant Fraser Place design standards, the Jalan Perak property comprises a total of 215 studios, one-and-two bedroom apartments and penthouses with sweeping views across the city skyline.
Key features include an infinity pool which overlooks the city from the 18th floor, a large well-equipped gymnasium complete with aerobics and yoga studio, Nintendo Wii playroom, Simmons beds and rain showers, all designed to meet the needs of the business traveller seeking a cosmopolitan experience in dynamic KL.
“We are pleased to finally open in KL. The wait has been worthwhile as we will soon have not one, but two, superb purpose-built properties that set new benchmarks for our brands,” added Mr Choe.
Both Fraser Place Kuala Lumpur and Fraser Residence Kuala Lumpur are collaborations between Frasers Hospitality Pte Ltd, a wholly owned subsidiary of Singapore-based property group Frasers Centrepoint Limited, and MYX-listed YNH Property Bhd.
Malaysia’s Tourism Minister Datuk Seri Dr. Ng Yen Yen was the Guest-of-Honour for the opening event which was also attended by Singapore’s High Commissioner to Malaysia, Mr T. Jasudasen, and Chairman of Fraser and Neave, Limited, Mr Lee Hsien Yang.
Frasers Hospitality Pte Ltd currently manages 35 properties – a total of 5,000 individual residences -- in 21 cities worldwide. This year, the company will open another 10 properties, eight under the Fraser brand and two under the new Modena brand. In total, the company will make its debut in 10 new major cities – Budapest (Hungary), Doha (Qatar), Dubai (United Arab Emirates), Kuala Lumpur (Malaysia), New Delhi (India), Osaka (Japan), Bahrain (Middle East), Chengdu (China), Suzhou (China) and Tianjin (China).
With another 6,000 residences already on the drawing board, the company is on course to manage more than 10,600 individual residences by the end of 2012.