Serviced residences set to rise on Koh Pich

[geovalin]

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), will open its first serviced residence in Cambodia, the CASA Meridian Residence, in Phnom Penh’s up-and-coming residential and retail hub of Koh Pich, according a company announcement yesterday. CASA Meridian Residence offers 75 fully-furnished residences on the top 13 floors of the 34-storey integrated development CASA by Meridian, which also comprises a high-end shopping mall, premium office space and wellness facilities.

 

The serviced residence provides convenience to travellers and expatriates who value a balanced lifestyle in the heart of Phnom Penh, as the property is within a few minutes’ drive from an array of amenities such as the Aeon shopping mall, international schools, conference and exhibition centres, embassies, premium offices, Jet’s Container night market and the entertainment complex NagaWorld. Lew Yen Ping, Ascott’s Country General Manager for Vietnam who oversees the company’s expansion in Cambodia, Myanmar and Laos, said Ascott has built a strong brand reputation and expertise in managing world-class serviced residences over the last 30 years.

 

“We expect significant demand for our first property in Cambodia, CASA Meridian Residence, as it is the first international-standard serviced residence in the country’s capital and economic hub Phnom Penh,” she said. “In addition, Cambodia has achieved sustained economic progress and strong international tourist arrivals.

 

read more http://www.khmertimeskh.com/5089610/serviced-residences-set-rise-koh-pich/

 

 

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