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.
Mr Choe Peng Sum, Chief Executive Officer of Frasers Hospitality, said: “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 2020, we expect the economic growth to continue to drive the need for increased serviced residences, which we will be well placed to meet.”
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.