Frasers to support top KL serviced residences

July 31, 2008
Frasers to support top KL serviced residences

FRASERS Hospitality, the hospitality arm of property group Frasers
Centrepoint. said yesterday that it will provide technical and
advisory services for a 'gold-standard' serviced residence project in
Kuala Lumpur.

The project, Fraser Place Kuala Lumpur, is in the Malaysian
capital's 'Golden Triangle', where most international banks, oil-and-
gas companies and multinationals are based.

It is also within walking distance of the Petronas Twin Towers and
the retail mall Pavilion KL.

Fraser Place Kuala Lumpur is owned by Malaysian-listed YNH Property.

The project is part of a mixed development comprising an office tower
and a second tower with 217 studios, one-bedroom, two-bedroom and
penthouse serviced residences.

Frasers said in a statement yesterday that when Fraser Place Kuala
Lumpur opens in the third quarter of 2009, it will set a new standard
for Malaysia's extended-stay segment.

Every apartment has a separate bedroom, a fully-equipped kitchen with
cooking implements, cutlery and a dishwasher, and a washer-dryer for
clothes.

Guests can also make use of an all-day dining outlet, meeting and
function rooms, fitness centre, and playground and playroom for
children.

Frasers Hospitality chief executive officer Choe Peng Sum says the
project will be ideal for expatriates working in Malaysia on medium-
term projects, as it provides comfort, all-day-dining and even
facilities for accompanying spouses and families.