Ascott won the contract through Thuy Duong Investment Joint Stock Company, an established real estate company with developments across Vietnam’s major cities.
The latest addition consolidates Ascott’s position as the largest international serviced residence operator in Vietnam. Ascott’s portfolio in Vietnam will now increase to 1,182 units across seven serviced residence properties in three cities. Five properties are already operational in Hanoi and Ho Chi Minh City, offering a total of 818 units.
To be called Somerset Central TD, Hai Phong, this will be Ascott’s first serviced residence property in the coastal city and its seventh in Vietnam. The new Somerset property will be the first international branded serviced residence and the largest serviced apartment in Hai Phong. The property is part of the landmark TD Plaza, a modern and luxurious mixed use development consisting of an already operating five-story shopping complex, an office block, and two towers of residential apartments and serviced residences.
Nestled among facilities like the Parksons Department Store and an eight-theater cineplex in the adjoining TD Plaza and a popular hypermarket, Somerset Central TD, slated to open in the second half of 2010, will offer 132 units ranging from studio to three-bedroom apartments. Residents will enjoy amenities like a gymnasium, swimming pool, business center, residents’ lounge, and a children’s playroom.
