Ascott signs four new serviced residence properties in China

30 Jun 2014 by Clement Huang

The Ascott Limited has secured contracts to manage four new serviced apartment properties in China over the next few years.

Three properties will be newly built in Taiyuan, Shanghai, and Beijing. The fourth apartment block, in Dalian, is already operational.

These developments will bring Ascott’s Chinese portfolio to more than 11,600 apartment units in 64 properties across 21 cities.

Ascott Taiyuan (Opening in 2018) 

Ascott Taiyuan

The 170-unit Ascott Taiyuan is due to open in 2018. Located along Longcheng Street, Ascott Taiyuan is going to be part of the fast developing central business district (CBD) of Shanxi Province. It will also be located near the International Exhibition Centre and Shanxi Theatre, with both Taiyuan International Airport and the new high-speed railway train to Beijing just a 10-minute drive away.

Ascott Taiyuan will offer a range of apartments, from studios to three-bedroom offerings, which all come with a fully stocked kitchen, separate working and sleeping areas, as well as modern amenities. Facilities will include a business centre, children’s playground, gym, meeting rooms, swimming pool, sauna, spa and residents’ lounge.

Ascott Riverside Garden Beijing (2016)

Ascott Riverside Garden Beijing

Situated along the West Dawang Road in Chaoyang District, Beijing, the 195-unit Ascott Riverside Garden is due to open in 2016. Office buildings, shopping malls, and supermarkets such as Tesco, Metro and Walmart surround the prime location. The serviced residence will be a 10-minute drive from the CBD and a 20-minute drive from Beijing’s Economic Technological Development area.

Guestroom offerings will be the same as the Ascott’s Taiyuan property, with facilities including a business centre, gym, children’s playground, swimming pool, sauna, spa and residents’ lounge.

Somerset Sunland Shanghai (2016)

Somerset Sunland Shanghai

Somerset Sunland Shanghai is due to open in 2016 as part of a mixed-use development project that includes a shopping mall. The unit will be close to the China (Shanghai) Pilot Free Trade Zone (the first and only free trade zone in China) and Sunland Waigaoqiao development.

The property is a 30-minute drive from Pudong International Airport, and a 20-minute drive to Lujiazui Financial and Trade Zone – an area that houses the Shanghai Stock Exchange as well as numerous international financial institutions. 

Somerset Sunland Shanghai offers a range of offerings, from studios to three-bedroom apartments. Facilities include a business centre, Jacuzzi, gym, multifunction room, meeting rooms, relaxation room with massage chairs, pool room and residents’ lounge. 

Somerset Grand Central Dalian (Opened)

Somerset Grand Central Dalian

The fourth acquisition is the 195-unit in Dalian, which has been rebranded as Somerset Grand Central Dalian and is currently open for business. Located on Jinma Road in the CBD of the Dalian Development Area, the serviced residence is just in front of the well-known Korean Street. The Mykal and Ansheng shopping malls, Golden Pebble Beach, and Discovery Land theme park are also nearby.

Somerset Grand Central Dalian offers a mix of one-bedroom units up to five-bedroom penthouses. Each apartment provides a living room, dedicated dining area and a kitchen. South-facing apartments offer views of the sea through floor-to-ceiling windows.

Facilities include an indoor-heated swimming pool, sauna, gym, aerobics room, children’s playroom, outdoor playground and terrace with barbeque area.

For more information, visit

Clement Huang

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