Frasers Hospitality, the hospitality arm of Frasers Centrepoint Group, bolsters its presence here in Malaysia with the opening of its third property, Fraser Residence Kuala Lumpur. A spacious enclave in the heart of the city centre, the 445-unit serviced residence is both the city and Frasers Hospitality’s largest serviced residence to date.
The opening of Fraser Residence Kuala Lumpur, which follows the launch of Capri by Fraser, Kuala Lumpur, Malaysia in 2014 and Fraser Place Kuala Lumpur in 2010, brings the hospitality group’s portfolio in Kuala Lumpur to 1,000 apartment units within the capital city of one of Asia’s fastest-growing economies.
One of the top 10 emerging global cities, Kuala Lumpur has continued to show robust growth on the back of world-class infrastructure and private sector development. According to the World Investment Report 2014 by the United Nations Conference on Trade and Development, Malaysia’s net foreign direct investment inflows grew by an impressive 22.2% to US$12.3 billion in 2013 compared with US$10.1 billion in the preceding year.
“The opening of Fraser Residence Kuala Lumpur, which is our largest serviced residence to date, reflects the strong demand we have experienced for our first two Kuala Lumpur properties, Fraser Place Kuala Lumpur and Capri by Fraser, Kuala Lumpur, Malaysia. We expect this demand to continue, as the resurgence of interest from foreign firms will be boosted further by the government’s implementation of The Economic Transformation Programme. With plans to attract over 100 of the world’s leading firms, where Kuala Lumpur is expected to contribute US$59.4billion to the country’s GNI by 20203, we expect the economic growth to continue to drive the need for increased serviced residences, which we will be well placed to meet,” said Mr Choe Peng Sum, Chief Executive Officer of Frasers Hospitality.
Fraser Residence Kuala Lumpur is located right at the heart of the city centre, within walking distance of the Petronas Twin Towers, Suria KLCC shopping centre and KLCC Convention Centre. Close to multinational companies, embassies and tourist sites such as the National Art Gallery and the National History Museum, it is easily accessible via the Bukit Nanas monorail and Dang Wangi LRT stations and is only a 20-minute drive from KL Sentral.
It offers a range of spacious, fully furnished apartments that are outfitted with the latest modern conveniences in an urban minimalist setting. Ranging from studios to expansive 4-bedroom penthouses, each residence features floor to ceiling windows, stylish interiors with neutral tones, defined living, dining, kitchen, work and bedroom areas, and comprehensive home entertainment systems.
Ideal for business executives and their families, Fraser Residence Kuala Lumpur provides a myriad of business and leisure facilities for seamless work-life balance. These include a 24-hour fully equipped Sky Gym and Yoga Suite overlooking the city’s skyline, a landscaped outdoor swimming pool complete with a pool bar, children’s wading pool, outdoor Jacuzzi, steam and sauna facilities, spa, kids play zone, billiards, a residents’ lounge, Club Lounge & Bar with indoor and alfresco seating, all-day-dining restaurant Relish and Café on the Fifth.
Its business complements include sleek boardrooms, meeting facilities with the capacity to host up to 80 persons and pre-function guest reception areas. Fraser Residence Kuala Lumpur also provides 24-hour security and CCTV surveillance, round-the-clock reception and concierge services, 24-hour room service, daily housekeeping, laundry services, scheduled shuttle service to key business and shopping districts and complimentary high-speed Wi-Fi Internet access, a standard offering across all Frasers Hospitality’s properties.
Frasers Hospitality Pte Ltd’s global portfolio, including those in the pipeline, stands at 94 properties in 50 key gateway cities, and more than 17,000 apartments worldwide. The hospitality group is on track to double its inventory to 30,000 residence units over the next five years.