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Alpha King signs management contract with The Ascott

Released at: 14:24, 10/08/2018 BUSINESS SPOTLIGHT

Alpha King signs management contract with The Ascott

Photo: Alpha King

First luxurious Ascott The Residence project in Vietnam by HCMC's riverside expected to open in 2021.

by Hong Nhung

Alpha King Real Estate Development signed a cooperation agreement on August 8 with The Ascott Limited over the management of the first Ascott The Residence project, a luxurious serviced residence in Ho Chi Minh City.

Ascott will manage 205 one- and two-bedroom apartments on the first 18 floors of the building using advanced technology that meet international standards and with world-class services, ensuring maximum safety and comfort for tenants.

Located in District 1 and close to the Saigon River, the Ascott The Residence serviced residence will apply BIM technology in its operations and management as well as LEED Silver, ensuring a quality living environment. The apartments will also be equipped with soundproof walls, imported floors, and interiors from world leading brands.

“We are delighted to partner with Alpha King and combine their development expertise with our award-winning hospitality capabilities to create the flagship Ascott The Residence serviced residence, which will set a new benchmark for luxury living in Vietnam, offering top business executives and industry leaders exclusive living and unparalleled service,” Ms. Lew Yen Ping, Country General Manager for Ascott in Vietnam, told the signing ceremony.

“With experience from managing more than 500 buildings in 130 cities around the world over 30 years and 20 years in Vietnam with our Somerset and Citadines brands, we are confident that Acott can manage the project in the most effective way. This will bring benefits for investors as well as provide better quality for tenants when the Ascott The Residence project opens in 2021,” she added.

“At Alpha King, human wellness is our top priority,” said Mr. Jimmy Chan, CEO of Alpha King. “The cooperation with The Ascott shows Alpha King’s commitment to creating the most advanced lifestyle, offering maximum safety and comfort for our residents. This is also part of Alpha King’s strategy to redefine luxury living in Ho Chi Minh City and lay the foundation for a world class city.”

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