support@kopiandproperty.com

Astrum Ampang Signs Agreement With Ascott To Manage Citadines Astrum Ampang Kuala Lumpur

astrum ampang

Press Release: Astrum Ampang Signs Agreement With Ascott To Manage Citadines Astrum Ampang Kuala Lumpur

Setia Awan Group’s Astrum Ampang Sdn Bhd and The Ascott Limited (Ascott) have entered into an agreement for the management and operations of Citadines Astrum Ampang Kuala Lumpur. The 230-unit serviced residence is slated to open its doors in 2026. Citadines Astrum Ampang Kuala Lumpur will be in Block M of the upcoming Astrum Ampang mixed development project. The landmark project has a gross development value (GDV) of RM 1.6 billion.

The agreement was inked by Ng Teck Hua, Executive Director of Setia Awan Central Region and Mondi Mecja, The Ascott Limited’s Country General Manager for Malaysia at the Astrum Ampang Property Gallery in Phileo Damansara 1, Selangor.

Ng Teck Hua said, “Ascott is a preferred partner for this venture as it is a global lodging company with a strong track record and reputation. We certainly look forward to working closely with Ascott and to leverage on both parties’ expertise in catering to a new generation of patrons and residents.”

Demand for short-term stays at hotels and serviced residences is healthy, especially in properties such as the Astrum Ampang development, which are located within the city centre as well in close proximity to business centres and embassies.

Citadines Astrum Ampang Kuala Lumpur offers the flexibility of a serviced residence with the services of a hotel. The 230 units serviced residences consist of studio and one-bedroom apartments with facilities dedicated for patrons only, such as a swimming pool, a gymnasium, a residents’ lounge, meeting rooms and food & beverage outlets. The establishment will also have its own dedicated lobby complete with drop-off area exclusive for the patrons.

Citadines Astrum Ampang Kuala Lumpur, which is nearby to retail, lifestyle as well as food and beverage options, is ideal for both business and leisure guests with long- and short-term needs.

Mondi Mecja said, “Citadines is one of Ascott’s fastest-growing brands globally and the addition of Citadines Astrum Ampang Kuala Lumpur will further strengthen Ascott’s position as one of the largest international lodging owner-operators in Malaysia, providing guests with more accommodation options. It will expand our portfolio to more than 6,200 units across 27 properties in the country. With over 30 years of expertise in the industry globally, guests can experience Ascott’s award-winning hospitality and look forward to a safe and comfortable home away from home at Citadines Astrum Ampang Kuala Lumpur. Each apartment in our property is well-designed with separate living and dining areas, as well as a fully-equipped kitchen, alongside thoughtful services and facilities. We welcome our guests to join our Ascott Star Rewards programme, where they can enjoy a host of privileges at our properties across Malaysia.”

Astrum Ampang Meeting the Demands of First-Time Homebuyers

Apart from the Citadines Astrum Ampang Kuala Lumpur units, the Astrum Ampang mixed development also comprises residential units for sale which will be launched in phases. Designed with practicality that meets the needs of urban homebuyers, particularly first-timers in their 30s, Astrum Ampang’s Phase 1 SOHO units have a built-up area of 280 sq ft and are priced at RM230,000. In the recent launch of Astrum Ampang’s Phase 1 units, the developer has recorded 80% take-up rate amid the global COVID-19 pandemic.

The project is integrated with the progressive Transit-Oriented Development (TOD) concept which considers the availability of jobs, housing, and amenities around public transit systems. Astrum Ampang is supported by the principles of TODs to provide an affordable living environment as well as a quality and sustainable lifestyle.

Conveniently Located with Attractive Features

Located within the bustling vicinity of Jalan Jelatek and Jalan Ampang, Astrum Ampang offers an unobstructed view of the Petronas Twin Towers. Standing amid a breathtaking skyline, the development is conveniently located close to notable landmarks including Gleneagles Medical Centre, Great Eastern Mall, Intermark Mall, Ministry of Defence, as well as numerous businesses, embassies, private and public schools.

Via a proposed covered pedestrian bridge, residents, and patrons of Astrum Ampang will be connected to Jelatek LRT station (Kelana Jaya Line) and four train stations away from KLCC LRT station. At the station, they leverage the numerous public transportations networks available in the Klang Valley, including LRT, MRT, KLIA Express and KTM InterCity Lines, and the upcoming LRT 3, MRT Lines 2 and 3, and the East Coast Rail Line (ECRL).

Inspired by the modern and ultra-convenient connectivity of the public transport systems found in Stockholm, Hong Kong, Tokyo and Singapore, the star development is designed to promote public transport ridership and sustainable living in the city.

Astrum Ampang’s sales gallery and show units in Phileo Damansara 1 are now open and sales consultants can be contacted at 018 371 2888 for viewing appointments.

For more information on Setia Awan’s latest updates, visit www.AstrumAmpang.com

-End of press release –

Property News Malaysia? Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER). Alternatively, Follow me on Telegram here.

Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles. Else, follow me on Twitter here.

Next suggested article:  Property Bubble Signs? How to know the signs?

Property Investment always start with knowledge. Equip ourselves with more here.

Motion arrow towards right
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Motion arrow towards right
Share on facebook
Share on twitter
Share on linkedin
Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

Facebook Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Table of Contents

Most Recent Posts

Connect and network with key industry leaders and decision makers in the Asia Pacific real estate sector. Be a part of the PropertyGuru Asia Property Awards series. For more information, visit AsiaPropertyAwards.com/sponsorship #AsiaPropertyAwards #GoldStandard
Connect and network with key industry leaders and decision makers in the Asia Pacific real estate sector. Be a part of the PropertyGuru Asia Property Awards series. For more information, visit AsiaPropertyAwards.com/sponsorship #AsiaPropertyAwards #GoldStandard

join the family

Like us for daily investment news and more

Hit the like