PETALING JAYA (Dec 6): Setia Awan Group and The Ascott Ltd on Monday have entered into an agreement for the management and operations of the former’s serviced residence Citadines Astrum Ampang Kuala Lumpur.
Citadines Astrum Ampang Kuala Lumpur is part of the Astrum Ampang mixed development project by Astrum Ampang Sdn Bhd, which is the subsidiary of Setia Awan Group.
Citadines Astrum Ampang Kuala Lumpur houses 230 serviced apartments with facilities dedicated for patrons only, such as a swimming pool, gymnasium, residents’ lounge, meeting rooms, and food and beverage outlets. The establishment will also have its own dedicated lobby complete with a drop-off area exclusive for the patrons. The project is slated to open its doors in 2026.
“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,” said Setia Awan central region executive director Ng Teck Hua in a press statement.
He added that the 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 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,” said The Ascott’s country general manager for Malaysia Mondi Mecja.
Apart from the Citadines Astrum Ampang Kuala Lumpur, the Astrum Ampang mixed development also comprises residential units for sale. The recent launch was small office/home office units, which has successfully recorded 80% take-up rate amid the global Covid-19 pandemic.
Located within the bustling vicinity of Jalan Jelatek and Jalan Ampang, Astrum Ampang offers an unobstructed view of the Petronas Twin Towers and surrounded by 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 be four train stations away from KLCC LRT station. At the station, they leverage the numerous public transportation 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).