Ascott opens its fourth property in Ho Chi Minh City

The 100-unit Somerset Vista Ho Chi Minh City is located in the city’s district 2, which is earmarked to become Vietnam’s new commercial and financial centre. The new property reinforces Ascott’s presence as the largest international serviced residence owner-operator in Vietnam with over 1,800 apartment units in 13 properties across four cities in the country – Ho Chi Minh City, Hanoi, Haiphong and Danang.

Graham Black, Ascott’s country general manager for Vietnam, said “Our existing serviced residences in Ho Chi Minh City’s central urban district of district 1 are performing well with strong occupancy of over 80 per cent, despite current market challenges. Having a serviced residence in the city’s district 2 allows us to capitalise on the accommodation demand in another part of this city and reap the benefits when market conditions improve.”

“We are confident that Somerset Vista Ho Chi Minh City, with its proximity to facilities such as international schools, elegant design and quality product finishes, will become another sought-after accommodation option for expatriates and business travellers in the city,” added Black.

As part of The Vista - a premier residential development by CapitaLand, Thien Duc Trading Construction Co., Ltd and Phu Gia Investment JSC, Somerset Vista Ho Chi Minh City is connected to a medical clinic, retail outlets, supermarket and office facilities on its premises.

Designed by the award-winning RSP Architects, the serviced residence offers spacious and beautifully-furnished apartments ranging from two- to four-bedroom units. Each apartment comes with a fully-equipped kitchen, en-suite bathrooms, separate dining and living areas, complete with modern amenities such as washing machine and dryer, home entertainment system, complimentary Internet access and docking station for iPhone, iPad and iPod.

Residents can enjoy extensive facilities in Somerset Vista Ho Chi Minh City. These include a 50-metre lap pool and Jacuzzi amidst lush landscaped garden, a children’s pool and playground, a gymnasium with state-of-the-art fitness equipment, a clubhouse with steam room and sauna, tennis court and golf putting green. They can also relax in the privacy of their apartments or entertain their friends and business associates at the residents’ lounge or living room at the lobby.

Somerset Vista Ho Chi Minh City also offers 24-hour reception and security, housekeeping, laundry and dry cleaning services, business centre services as well as residents’ programmes.

To celebrate the opening of Somerset Vista Ho Chi Minh City, Ascott is offering special introductory rates from VND1,590,000++ per night for a two-bedroom apartment from now until February 28, 2013.

Besides Somerset Vista Ho Chi Minh City, Ascott operates three other properties in Ho Chi Minh City – Somerset Chancellor Court, Somerset Ho Chi Minh City and Vista Residences, and four properties in Hanoi – Somerset Grand Hanoi, Somerset Hoa Binh, Somerset West Lake and Hoa Binh Green. The company will be opening more properties in Vietnam over the next few years including Somerset Central TD Hai Phong City in 2014 and Somerset Danang Bay in 2015.