L I V I N G. Ascott To Expand Three-fold In China By 2010

Transcription

1 L I V I N G Newsletter of The Ascott Group June 2006 Vol 6 N2 MITA (P) no. 095/08/2005 ISSN: Ascott To Expand Three-fold In China By 2010 The Ascott Group has added two new cities to its global footprint and is investing nearly US$50 million to add four Citadines properties in China. In all, Ascott s portfolio in China includes more than 3,000 units in 16 serviced residences across eight Chinese cities, including two new cities, Hong Kong and Xi an. Ascott Living June Ascott Secures Its Third And Fourth Citadines In Bangkok 5 Count On The Ascott Sathorn For Your Meeting Needs 6 Rev Up Your Mileage With Ascott 7 Awards & Accolades 9 Ascott s Heartware 11 Grooming Ascott s Talent To Serve You Better 12 Around The Residences 17 The Ascott Group Directory

2 Ascott To Expand Three-fold In China By 2010 (...continued from pg 1) Of the four new properties, one will be located in Hong Kong and one in Xi an, and two in Suzhou. This brings the total of Citadines properties in China to six. Citadines Suzhou Xinghai Famous for its scenic attractions, Suzhou also boasts the largest economy in Jiangsu Province. It will host a total of three Citadines properties including Citadines Suzhou Emerald City, Citadines Suzhou Lejia and Citadines Suzhou Xinghai which is scheduled to open in the second half of Citadines Xi an Central The 133-unit property is set to open in the second half of 2006 in the Beilin District of Xi an. With over 23 million domestic visitors and 3,000 expatriate residents, Xi an has the highest foreign direct investment among 15 second-tier provincial level cities in China. Located in Beilin District, Citadines Xi an Central with 133 units will be opened in 2006 Citadines Hongkong Ashley Located in Tsim Sha Tsui, Kowloon, this 36-unit property is expected to reopen later in the year after refurbishment. The 167-unit Citadines Suzhou Xinghai is targeted to open in 2006 Citadines Suzhou Lejia The 250-unit property will be operated and managed by Ascott International within Suzhou Industrial Park, one of the world s fastest growing and most competitive development zones. Citadines Suzhou Lejia is targeted to open in the second half of With Ascott s debut in the gateway city of Hong Kong, the Group is poised to tap on the increase in domestic travel between Hong Kong and mainland China as well as the growing expatriate community in the territory. The Group is set to ride on the phenomenal growth of the Chinese economy to triple its portfolio from 3,000 to 10,000 units by 2010, and further entrench Ascott as the largest international serviced residence owner-operator in China. 2 Ascott Living June 2006

3 Ascott Secures Its Third And Fourth Citadines In Bangkok Citadines boasts a day-and-night concept for any occasion In December 2005, The Ascott Group entered a joint agreement with Thailand s Thakral family to launch five Citadines properties in Bangkok by Since the signing of the pact, four of the five properties have already been secured. The 128-unit Citadines Bangkok Sukhumvit Boulevard located at Soi 11 of Sukhumvit Road, is slated to open in the second half of The 130-unit Citadines Bangkok Sukhumvit Green, situated at Soi 8 of Sukhumvit Road, will be ready for occupation in The latest of these are Citadines Bangkok Sukhumvit Boulevard and Citadines Bangkok Sukhumvit Green. The first and second properties announced earlier are Citadines Bangkok Sukhumvit Lake (opening later this year) and Citadines Bangkok Sukhumvit Asoke (opening second half of 2007). The introduction of Citadines in Thailand underscores Ascott s front-running position in the kingdom s serviced residence industry. The Group already commands over 20 percent of Bangkok s upper-tier market with six properties under The Ascott and Somerset brands. Ascott Living June

4 Ascott Secures Its Third And Fourth Citadines In Bangkok (...continued from pg 3) Ascott residences are located in the prime commercial and entertainment district to meet the needs of business travellers and expatriates Citadines, a well-established hospitality brand in Europe, caters to the rising demand of young expatriates and business travellers for prime grade and smaller sized units that offer good value. Altogether, The Group will have some 480 Citadines units, in addition to three Somerset properties with 780 units, in or near the Sukhumvit area. This clustering of Ascott residences will provide business executives more options in Bangkok s prime commercial and entertainment district which has been growing in popularity with expatriates and business travellers. Citadines offers value and flexibility through an a la carte menu of services Ascott Living June 2006

5 Count On The Ascott Sathorn For Your Meeting Needs The well-equipped The Ascott Sathorn in Bangkok just got even better. On top of being the first in the hospitality industry in Bangkok to provide wireless internet connectivity property-wide, The Ascott Sathorn now offers five meeting rooms with state-of-the-art video conferencing capabilities. The new facilities are equipped with a web-conferencing solution called The AliceStreet Conference Center. Based on Voice over Internet Protocol (VoIP) technology, AliceStreet can facilitate meetings with up to 16 participants in different locations simultaneously. Meeting rooms in The Ascott Sathorn are equipped with state-of-the-art video conferencing capabilities The new technology enables Ascott s customers from multinational companies to conduct or attend meetings without having to travel long distances, thereby saving substantial time and expense. There is a room to meet every need Designed in a Thai contemporary style, the meeting rooms are the latest attraction at Ascott s flagship luxury-tier serviced residence in Bangkok. Among its many assets, this 177-unit development also boasts a plum address in the central business district as well as one of the largest health centres in Asia Pacific. The Ascott Sathorn is the first in the hospitality industry in Bangkok to provide wireless internet connectivity property-wide Ascott Living June

6 Rev Up Your Mileage With Ascott Right off the bat, KrisFlyer members earn 150 KrisFlyer miles with every night s stay at any of The Ascott and Somerset serviced residences. Now they can enjoy even greater benefits with the following promotion. As Many As 15,000 Bonus Miles Up For Grabs Guests who stay a minimum of 7 nights at any Ascott participating property will gain 500 bonus KrisFlyer miles - on top of the miles received for every night. Terms & Conditions apply. Basic KrisFlyer miles Bonus KrisFlyer miles Total no. of earned earned KrisFlyer miles 150/night (min. stay of 7 nights) earned 1 week 1, ,550 4 weeks 4,200 2,000 6, weeks 31,500 15,000 46,500 For more information on the promotion and the list of participating properties, please visit For reservations, please call (65) Terms & Conditions: 1. For all properties in Singapore, minimum of 14 nights stay is required to qualify for the weekly 500 bonus miles 2. Promotions are subject to change without prior notice 3. Promotion applies only to new bookings and stays between 1 March and 30 September KrisFlyer Members must pay at the eligible rates for new bookings made and stay made between 1 March and 30 September Promotional bonus KrisFlyer miles can be earned for stays till 30 September After which, KrisFlyer members may continue earning 150 KrisFlyer miles per night 6. Promotion offer is not applicable to existing leasing contract customers and cannot be enjoyed in conjunction with other promotional rates, 3rd party commissions and corporate rates 7. Promotion is only applicable to The Ascott and Somerset properties 6 Ascott Living June 2006

7 Awards & Accolades Year after year, Ascott has been recognised for its high standards in service delivery, corporate governance and financial reporting. As we continue to improve on our service and organisational excellence, these accolades further demonstrate our commitment to strengthen the Group s business fundamentals and better serve our stakeholders. Ascott Bags Best Annual Report Award At the 2006 Singapore Corporate Awards held in March, The Ascott Group picked up the Annual Report Bronze award in the category of Best Annual Report for Companies with More Than S$500 million in Market Capitalisation. The Annual Report Award (ARA) was introduced 30 years ago with the objective of encouraging listed companies to raise the level of voluntary disclosures in their annual reports. Annual Report 2004 Jointly organised by the Institute of Certified Public Accountants of Singapore, the Singapore Institute of Management, the Singapore Exchange Ltd, the Singapore Institute of Directors, the Securities Investors Association (Singapore), The Business Times and the Investment Management Association of Singapore, this year s awards ceremony took place at Raffles City Convention Centre with Senior Minister Mr Goh Chok Tong as the guest-of-honour. Verdict On Ascott : Best In Asia In the latest travel survey conducted by Asian Legal Business, The Ascott Group was placed in the top five positions among the Best Serviced Apartments in Asia. Over 17,000 legal professionals and senior executives from the Asia-Pacific region took part in the poll. A majority of the respondents were in-house counsel working in either Hong Kong or Singapore, with the next largest group of participants comprising lawyers in private practice. Readers Choice: SEDONA SUITES HANOI MAYFAIR MARRIOTT, Best Serviced BANGKOK Apartments in Asia FRASER PLACE OAKWOOD ASIA-PACIFIC The Ascott Group Ascott Living June

8 Awards & Accolades Ascott s Innovative Ways Voted Tops At Shanghai Summit A successful listing of the Ascott Residence Trust (ART) clinched the Innovative Capital Venture award for The Ascott Group at the 2006 China Hotel Investment Summit (CHIS) in Shanghai, China. The Summit was well attended by the industry s who s-who ART, the first pan-asian serviced residence real estate investment trust, was launched in March in another pioneering move by Ascott to enhance performance and growth as well as to unlock shareholder value. Over 300 leaders and delegates from the international hospitality industry attended the event where Mr Cameron Ong, Managing Director & CEO of Ascott accepted the award. To Ascott In China, Hats Off For A Hat Trick The Ascott Group notched another third-consecutiveyear triumph when it was placed first among winners of 2006 Top 100 Serviced Apartments Award in China. Organised by a consortium of international and national media owners and real estate bodies in China - including World Executive Weekly Magazine, www. sina.com, China Real Estate Federation and World Real Estate Academy, the March event rated serviced residence operators on their branding and marketing strategies, sales channels and service standards. Ascott once again beat over 1,000 industry players to snag the highly coveted title. Mr Lucas Loh (left) Managing Director/SVP for China and Mr Yip Hoong Mun (right) Chief Product and Operations officer concurrently CEO Asia Pacific, Middle East receiving the award from Mr Yuan Haodong, VP and CFO of World Executive Weekly Ascott Wins Top Brand in Thailand The Ascott Group recently clinched the Best Serviced Residence Brand award for The Ascott and Somerset brands in Bangkok, thanks to its excellent service and strong branding. This inaugural award was presented by Lifestyle + Travel magazine, a regional travel publication in Asia and the Middle East, widely read by 50,000 corporate executives and business travellers from Singapore, Hong Kong, Thailand, Malaysia, Cambodia and the Middle East. Mr Malcolm Hines (left) and Mr Gerard Weller receiving the Best Serviced Residence Brand award presented by Lifestyle + Travel magazine The Ascott Group has been in Thailand for almost a decade. It currently operates The Ascott Sathorn, Somerset Lake Point, Somerset Park Suanplu and Somerset Suwan Park View. New properties that will be opening in Thailand between 2006 and 2008 include Citadines Bangkok Sukhumvit Lake, Citadines Bangkok Sukhumvit Asoke, Citadines Bangkok Sukhumvit Boulevard, Citadines Bangkok Sukhumvit Green, Somerset Grand Sukhumvit and Somerset Nusasiri Pattaya. 8 Ascott Living June 2006

9 Somerset Vietnam You re Once, Twice, Three Times A Winner For the third year running, Somerset Serviced Residences emerged tops at the Vietnam Economic Times Guide Awards. Presented in March, Guide Awards 2005 bestowed a trio of trophies on the Ascott properties: Somerset Chancellor Court and Somerset Grand Hanoi for Best Service in Serviced Apartments, and Somerset Ho Chi Minh City for Excellent Service in Serviced Apartments. Richard Chua (left), Area General Manager of Ho Chi Minh City and Kelvin Ong, Area General Manager, Vietnam with the awards Ascott s Heartware Somerset Relief For Leyte Landslide Victims In the spirit of Ascott s Heartware culture, Somerset Serviced Residences in Philippines initiated a three-week donation drive in February to aid survivors of a major landslide in the eastern province of Leyte. The mountainside catastrophe had buried numerous households as well as an elementary school. In its wake, hundreds of lives were lost and many left homeless and bereft of basic provisions. Mr Arthur Gindap (third from left), Ascott s Area General Manager for the Philippines with his colleagues and staff from the Red Cross leading the donation drive The Leyte Landslide Donation Drive, which involved staff and residents of Somerset s three properties in Makati, collected cash and other necessities such as canned goods, blankets, clothings and toiletries on behalf of the relief-coordinating Red Cross. Ascott Living June 2006

10 Thank U For Thanking Us Founder and President of The Child Bereavement Trust in the United Kingdom, Ms Jenni Thomas, was invited to Singapore to conduct a series of lectures for medical workers on bereavement support at three Singapore hospitals - KK Women s & Children s Hospital, National University Hospital and Thomson Medical Centre. Ms Thomas was also given the opportunity to give a public talk, and a chance to meet the police officers at the Clementi Police Station. During her visit, she guided the police officers on how to offer compassion without compromising their professional duties when dealing with bereaved parents. Many bereaved parents and several bereaved siblings came to private group meetings with Ms Thomas, and benefited from the invaluable support and care she offered. Ascott was privileged to be the accommodation sponsor for Ms Thomas stay in Singapore. During her two-week visit to Singapore in February 2006, Somerset Orchard played host to Ms Thomas; she shared her experience at the Somerset Orchard in a letter to Ascott s CEO, Mr Cameron Ong. Dear Mr Cameron, You will notice I have taken a page from my apartment to write to you. Recently, I was fortunate to be invited to a lecture tour in Singapore. My work is to help and support families who have experienced the loss of a beloved child. I founded a Charity in the UK - The Child Bereavement Trust and am so immensely proud that we now have a support group here in Singapore. My trip to train professionals and see bereaved families has been made easier because of the wonderful accommodation I m living in. I believe you so kindly agreed to support me with a lovely apartment at Somerset. It s hard to adequately express the gratitude I feel for your kindness and gesture. It has made such a difference to me and what they have been able to offer. We are greatly indebted to you and also to the families who have been so kind and generous to me in Singapore. I have been looked after so well by Gerard Lee and the staff at Somerset were excellent. My most grateful thanks for your kind support. Yours Sincerely, Jenni Thomas President The Child Bereavement Trust 10 Ascott Living June 2006

11 Grooming Ascott s Talent To Serve You Better Ascott s Leadership Development Programme Service excellence is the most common denominator of the numerous awards that have been presented to The Ascott Group. Being the best at what it does, Ascott believes it can always get even better. Among its ceaseless efforts to remain the standard bearer of the serviced residence industry is the on-going Leadership Development Programme (LDP). Held in Singapore, the most recent programme kicked off with 10 management trainees. Seven rigorous weeks of classroom training and project work culminated in three days of intensive presentations and Question & Answer sessions before a panel of senior management. Ascott s senior management sharing useful tips with the trainees during the 7-week classroom training The successful completion of this first stage of the LDP which is a year-long training programme has since been followed up with Phase II and Phase III. During these phases, participants will go on attachments to various departments at selected properties to absorb Ascott s best practices and gain a well-rounded experience in different cultural environments. 10 management trainees with Ascott s MD & CEO, Mr Cameron Ong (centre with red tie) and management staff Ascott Living June

12 Around The Residences AUSTRALIA Drumming Up Home Support For The Commonwealth Games Somerset Gordon Place played host to the Solomon Island Drummers, participants in the ceremonies of the Melbourne Commonwealth Games held in March. In return, the guests played an impromptu item in appreciation of the Somerset staff for their hospitality. The Games were followed in short order by the Australian Grand Prix in this happenin city. Solomon Island Drummers put up a superb performance for the residents at Somerset Gordon Place Penthouse Party Showcases The Heights Of Luxury At the launch party for Somerset Darling Harbour s refurbished penthouse held in March, a who s-who list of Sydney s corporate highfliers got a taste of life at the peak of this luxury-soaked property. There were plenty to tickle their fancy: a live harp player; fish-bearing vases on the bar; 10-minute head and neck massages; bathrooms with incense oils and the baths filled with scented water, rose petals and floating candles. Not to mention a free flow of pink bubbly in mini piccolo bottles to drink to the great unveiling! Guests getting a taste of life during a launch party at Somerset Darling Harbour 12 Ascott Living June 2006

13 CHINA Ladies Light Up At Lantern Festival The Ascott International Ladies Club in Beijing lit upon the bright idea of spending this year s Lantern Festival at Gaobeidian, a 1,000-year-old historic, cultural and international folk tourism village in the Chinese capital. After their arrival, the ladies lost little time in turning the occasion into a day-long cultural exchange with the villagers. By the end of their visit, the intrepid group had gamely taken part in the gamut of traditional rituals, including stilt-walking, a drum dance and lion dancing. And for an authentic taste of the event, the ladies also picked up the finer points of dumpling making, among other festive recipes. Members of Ascott International Ladies Club grooving to the drum beat at the recent lantern s festival in Beijing JAPAN Infuse In Japanese Culture On a great April day to take in the sights, Somerset properties in Tokyo took several residents on a full-day trip around some of the city s most compelling attractions. First up was Asakusa, where the visitors had the opportunity to discover the rich history of Tokyo s leading entertainment district and its main attraction - Sensoji Temple. After a couple of spiritually engaging hours, the group went on to Hamarikyu Garden, grand central of Japan s world-famous annual cherry blossom festivities. Like any tourist, the residents were thoroughly captivated by the floral profusion on display. The Hamarikyu Garden also provided the perfect backdrop for a Japanese tea ceremony to bring the day s programme to a tranquil close. Eddie Lim (third from right), General Manager of Ascott International Management (Japan) partaking in the Japanese tea ceremony with residents Ascott Living June

14 Around The Residences MALAYSIA A Cocktail Party Enjoyed By All Thanks to its central location within the Golden Triangle of Kuala Lumpur, variety is the spice of life at Somerset Seri Bukit Ceylon. A fact that was richly demonstrated at the property s corporate cocktail party in March. Some 80 guests, invited to view the spanking new development, were serenaded by a three-piece string quartet; soothed by a 10-minute shoulder massage; shown the finer points of henna hand painting; and sold on the skills of a master tarot card reader from Taiwan. Somerset Seri Bukit Ceylon s facade Residents enjoying their massages NEW ZEALAND Chilling Out In Style The Ascott Metropolis and Air New Zealand recently hosted an American Express Travel Agents familiarisation tour. Guests flew in the carrier s new Business Class and stayed at the upscale serviced residence during a luxurious sojourn. The highlight of the tour was their visit to Minus Five, a bar chiselled entirely from ice and whose name derives from its constant interior temperature. Here in this surreal lounge, revellers outfitted in enormous puffy jackets, boots and gloves, even drank from glasses made of ice! Participants from the familiarisation tour chilling out at Minus Five bar 14 Ascott Living June 2006

15 SINGAPORE Famous Writer chooses Somerset Bencoolen A two-week stay in March with Somerset Bencoolen, Singapore has Francisco Sionil José, one of the Philippines most prominent writers, eager to return for more. The 81-year-old literary figure, who writes under the name of F. Sionil José has numerous awards to boast about. Most notable being the 1980 Ramon Magsaysay Award for Journalism, Literature, and Creative Communication Arts, the most prestigious award of kind in Asia, the veteran wordsmith has 10 novels, five books of short stories, and a book of verse under his belt. Our staff at Somerset Bencoolen listening earnestly to Professor José Accompanied by his wife, Professor José was last in Singapore for talks and workshops. In his compliment to Somerset Bencoolen, he described the serviced residence as fantastic and spacious, and said he would choose to stay with the property again when he returns in January SOUTH KOREA Ascott In Seoul Far Seoul Good Ascott s first property in Korea, Somerset Palace, Seoul was featured in the latest Singapore TV travel programme, Seoul Far Seoul Good. The programme transports viewers to Gangwon-Do, Jeju island, Gyeonggi-Do and Busan for all things Korean, exposing its audience to a kaleidoscope of cultural and culinary encounters. The episode introducing Somerset Palace, Seoul aired in May. It portrayed the property as a beacon of hospitality with beautiful skyline and magnificent views of the Gyeongbokgung Palace grounds. Located in the city s diplomatic, business and financial districts, and equipped with comprehensive business services and recreational facilities, Somerset Palace, Seoul is perfect for both corporate and casual visitors. The 432-unit property is the only serviced residence to be featured in the half-hour weekly show. This special feature followed Somerset Palace s win for Best International Brand under the Serviced Residence category in a poll conducted by The Korea Times. Singapore TV travel programme, Seoul Far Seoul Good featured Ascott s first property in South Korea, Somerset Palace, Seoul Ascott Living June

16 Around The Residences THAILAND A Splashing Time Known to foreigners as the water festival, Songkran is the Thai New Year celebration that runs from April. It is observed in a festive, if not mischievious spirit, whereby anyone and everyone in sight gets doused with water. During what is the hottest season of the year, the pranks also make for a refreshing way to beat the heat. This past Songkran, the Somerset properties went to some lengths to get its residents into the act. Much to the delight of children and adults alike, its version of the festivity starred a baby elephant, Praikaew, at Somerset Park Suanplu. Guests at some properties were also treated to traditional Thai desserts, a traditional Thai dance, and the traditional Thai massage performed by professional masseurs. And with costume-clad Somerset staff at hand to fill the attentive audience in on the background of the evening s activities, a both entertaining and educational time was enjoyed by all. Somerset Lake Point staff sharing the finer points of Thai tradition with a guest THE PHILIPPINES Enriching Lives Through Exploration When you check in at any of the three Somerset residences, you can count on a wealth of opportunities to experience the beauty and culture of the country - thanks to The Somerset Explorers programme. Launched for the first time at the Somerset properties, the programme facilitates exciting group excursions conducted by seasoned hosts beyond the urban districts of the Philippines. To date, participating residents from the three Somerset residences in Manila have viewed an extensive collection of religious artefacts and dined by the foot of a man-made waterfall in Villa Escudero; braved the shooting rapids as well as beheld the towering cliffs and cascading waters of Pagsanjan Falls; visited St. Joseph Church, home of the Las Piñas Bamboo Organ; toured a Jeepney factory for a firsthand look at the manufacture of this quintessentially Filipino mode of transport; and perched on the 600-metre-high ridge of Tagaytay for vistas of Taal Volcano - the smallest active peak in the world. Our residents braving the Pagsanjan Falls Given the Philippines countless attractions, our Somerset Explorers will never run out of new adventures. 16 Ascott Living June 2006

17 The Ascott Group Directory Reservations for The Ascott, Somerset serviced residences & corporate leasing properties: (65) Website: Reservations for Citadines serviced residences: Website: SOUTHEAST ASIA TEL: Singapore The Ascott Singapore 6 Scotts Road, Singapore (65) Somerset Bencoolen 51 Bencoolen Street, Singapore (65) somerset Compass 2 Mount Elizabeth Link, Singapore (65) Somerset Grand Cairnhill 15 Cairnhill Road, Singapore (65) Somerset Liang Court 177B River Valley Road, Singapore (65) Somerset Orchard 160 Orchard Road, #06-01 Orchard Point, Singapore (65) Char Yong Gardens (Corporate Leasing) 1/3 Hullet Road, Singapore (65) Portofino (Corporate Leasing) No.6 Sarkies Road, Singapore (65) Riverdale Residence (Corporate Leasing) 346 River Valley Road, Singapore (65) the Heritage Singapore (Corporate Leasing) Mount Pleasant Road, Singapore (65) Indonesia Jakarta The Ascott Jakarta 2 Jalan Kebon Kacang Raya, The Golden Triangle, Jakarta 10230, Indonesia (62-21) Somerset Berlian (Opening 2006) Somerset Grand Citra Jalan Prof Dr Satrio Kav 1, Kuningan, Jakarta 12940, Indonesia (62-21) Country Woods (Corporate Leasing) Jalan WR Supratman, Pondok Ranji, Rengas, Ciputat 15412, Banten, Indonesia (62-21) Surabaya Somerset Surabaya Hotel & Serviced Residence Jalan Raya Kupang Indah, Surabaya 60189, Indonesia (62-31) Puri Darmo Serviced Residence 17A Jalan Raya Kupang Baru, Surabaya 60189, Indonesia (62-31) Malaysia Kuala Lumpur The Ascott Kuala Lumpur 9 Jalan Pinang, Kuala Lumpur, Malaysia (60-3) Somerset Seri Bukit Ceylon Lot 1253, Section 57, Lorong Ceylon, Kuala Lumpur, Malaysia (60-3) Suasana Sentral Residences (Corporate Leasing) 2 Jalan Stesen Sentral 5, Kuala Lumpur, Malaysia (60-3) Kuching Somerset Gateway 9 Jalan Bukit Mata, Kuching, Sarawak, Malaysia (60-82) Philippines Manila Somerset Millennium 104 Aguirre Street, Legaspi Village, Makati City 1229, Philippines (63-2) Somerset Olympia 7912 Makati Avenue, Makati City 1200, Philippines (63-2) somerset Salcedo HV Dela Costa Corner, LP Leviste Street, Salcedo Village, Makati City 1227, Philippines (63-2) Thailand Bangkok The Ascott Sathorn 187 South Sathorn Road, Yanawa, Sathorn, Bangkok 10120, Thailand (66-2) Somerset Grand Sukhumvit (Opening 2008) Somerset Lake Point 41 Sukhumvit Soi 16, Klongtoey, Bangkok 10110, Thailand (66-2) Somerset Park Suanplu 39 Soi Suanplu, South Sathorn Road, Bangkok 10120, Thailand (66-2) somerset Suwan Park View 9 Soi Tonson, Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330, Thailand (66-2) Citadines Bangkok Sukhumvit Asoke (Opening 2007) citadines Bangkok Sukhumvit Boulevard (Opening 2007) citadines Bangkok Sukhumvit Green (Opening 2008 citadines Bangkok Sukhumvit Lake (Opening 2006) omni Tower 69 Sukhumvit Soi 4, Klongtoey Bangkok 10110, Thailand (66-2) Pattaya somerset Nusasiri Pattaya (Opening 2007/2008) Vietnam Hanoi Somerset Grand Hanoi 49 Hai Ba Trung Street, Hanoi, Vietnam (84-4) Somerset West Lake 254D Thuy Khue Street, Hanoi, Vietnam (84-4) Ho Chi Minh City Somerset Chancellor Court Nguyen Thi Minh Khai Street, District 1, Ho Chi Minh City, Vietnam (84-8) Somerset Ho Chi Minh City 8A Nguyen Binh Khiem Street, District 1, Ho Chi Minh City, Vietnam (84-8) Ascott Living June

18 The Ascott Group Directory NORTH ASIA TEL: China Beijing The Ascott Beijing 108B Jian Guo Road, Chaoyang District, Beijing , China (86-10) somerset Grand Fortune Garden 46 Liang Ma Qiao Road, Chaoyang District, Beijing , China (86-10) Luxury Serviced Residence 17 Jian Hua Nan Road, Chaoyang District, Beijing , China (86-10) Dalian Somerset Harbour Court 55 Renmin Road, Zhongshan District, Dalian , China (86-411) Guangzhou The Ascott Guangzhou (Opening 2007) Springdale Serviced Residence Tower B1, No. 105 Tiyuxi Road, Tianhe District, (86-20) Guangzhou , China Hongkong Citadines Hongkong Ashley (Opening 2006) Shanghai The Ascott Pudong 3 Pudong Avenue, Shanghai , China (86-21) Somerset Grand Shanghai 8 Jinan Road, Luwan District, Shanghai , China (86-21) Somerset Xu Hui 888 Shanxinan Road, Xu Hui District, Shanghai , China (86-21) Citadines Shanghai Jinqiao 49 West Beijing Road, Huangpu District, Shanghai (Opening 2006) Suzhou Citadines Suzhou Emerald City (Opening 2008) Citadines Suzhou Lejia (Opening 2008) Citadines Suzhou Xinghai (formerly known as Citadines Chongrui) (Opening 2006) Tianjin Somerset Olympic Tower 126 Chengdu Dao, Heping District, Tianjin , China (86-22) Xi an Citadines Xi an Central (Opening 2006) Japan Tokyo Somerset Azabu East Higashi-Azabu, Minato-ku, Tokyo , Japan (81-3) Somerset Roppongi Roppongi, Minato-ku, Tokyo , Japan (81-3) Green Park Akasaka (Corporate Leasing) Akasaka, Minato-ku, Tokyo , Japan (81-3) Nakameguro Residence (Corporate Leasing) Nakameguro, Meguro-ku Tokyo , Japan (81-3) Nibancho Park Forest (Corporate Leasing) 7-8 Nibancho, Chiyoda-ku, Tokyo , Japan (81-3) Shochiku Square Residence (Corporate Leasing) Tsukiji, Chuo-ku, Tokyo , Japan (81-3) Korea Seoul Somerset Palace, Seoul 85 Susong-dong, Jongro-gu, Seoul, South Korea (82-2) AUSTRALIA / NEW ZEALAND Australia Hobart Somerset on the Pier Elizabeth Street Pier, Hobart, TAS 7000, Australia (61-3) Somerset on Salamanca 8 Salamanca Place, Hobart, TAS 7000, Australia (61-3) Melbourne Somerset Gordon Place 24 Little Bourke Street, Melbourne, VIC 3000, Australia (61-3) Somerset on Elizabeth 250 Elizabeth Street, Melbourne, VIC 3000, Australia (61-3) Oakford Gordon Towers 43 Lonsdale Street, Melbourne, VIC 3000, Australia oakford On Collins 182 Collins Street, Melbourne, VIC 3000, Australia oakford On Lygon 2-9 Finlay Place, Carlton, VIC 3053, Australia oakford The Mews 9 Balmoral Street, South Yarra, VIC 3141, Australia The Ultimate Apartments (Corporate Leasing) Corneer Comwell / Surrey Road, South Yarra, VIC 3141, Australia Sydney Somerset Darling Harbour 252 Sussex Street, Darling Harbour, NSW 2000, Australia (61-2) oakford City West Missenden Road, Camperdown, NSW 2050, Australia New Zealand Auckland The Ascott Metropolis 1 Courthouse Lane, Auckland, New Zealand (64-9) Ascott Living June 2006

19 The Ascott Group Directory EUROPE United Kingdom TEL: (UK toll free) / 44 (0) London The Ascott Mayfair 49 Hill Street, Mayfair, London W1J 5NB, UK Somerset Bayswater 42 Prince s Square, Bayswater, London W2 4AD, UK Citadines Barbican 7-21 Goswell Road, London EC 1M 7AH, UK Citadines Holborn-Covent Garden High Holborn, London WC1V 6LF, UK Citadines South Kensington 35A Gloucester Road, London SW7 4PL, UK Citadines Trafalgar Square Northumberland Avenue, London WC2N 5EA, UK Queen s Gate Gardens Serviced Residences (Corporate Leasing) 39B, Queen s Gate Gardens, South Kensington, London, SW7 5RR, UK St Marks (Corporate Leasing) 300 City Road, London EC1V 2PW, UK France TEL: Paris Citadines Austerlitz, Paris 27 Rue Esquirol, Paris, France Citadines Bastille Marais, Paris 37 Boulevard Richard Lenoir, Paris, France Citadines Bastille Nation, Paris Rue de Chaligny, Paris, France Citadines Didot Alésia, Paris 94 Rue Didot, Paris, France Citadines La Défense, Paris La Défense 1-8 Boulevard de Neuilly, Courbevoie, Paris, France Citadines Les Halles, Paris Rue des Innocents, Paris, France Citadines Louvre, Paris 8 Rue Richelieu, Paris, France Citadines Maine-Montparnasse, Paris 67 Avenue du Maine, Paris, France Citadines Montmartre, Paris 16 Avenue Rachel, Paris, France Citadines Opéra-Grands Boulevards, Paris 18 Rue Favart, Paris, France Citadines Opéra Vendôme, Paris 2 Rue Edouard VII, Paris, France Citadines Place d Italie, Paris 18 Place d Italie, Paris, France Citadines Saint-Germain-des-Prés, Paris 53 Ter, quai des Grands-Augustins, Paris, France Citadines Tour Eiffel, Paris 132 Boulevard de Grenelle, Paris, France Citadines Trocadéro, Paris 29 Bis, Rue Saint-Didier, Paris, France Citadines Voltaire République, Paris 75 Bis, Avenue Parmentier, Paris, France Outside Paris Citadines Aix Jas De Bouffan 4 Avenue Achille-Empéraire, Aix-en-Provence, France Citadines Bordeaux Mériadeck 25 Rue Jean Fleuret, Bordeaux, France Citadines Cannes Carnot 1 Rue le Poussin, Cannes, France Citadines Genève Ferney Voltaire 34 Rue de Genève, Genève Ferney Voltaire, France Citadines Gaillard 102 Rue de Genève, Gaillard, France Citadines Grenoble 9-11 Rue de Strasbourg, Grenoble, France Citadines Lille Centre Avenue Willy Brandt-Euralille, Lille, France Citadines Lyon Part-Dieu Rue Moncey, Lyon, France Citadines Lyon Presqu île 2 Rue Thomassin, Lyon, France Citadines Marseille Castellane 60 Rue du Rouet, Marseille, France Citadines Marseille Centre 4 Place Pierre Bertas (11 Rue Sainte Barbe) Marseille, France Citadines Marseille Prado Chanot 9-11 Boulevard de Louvain, Marseille, France Citadines Montpellier Antigone 588 Boulevard d Antigone, Montpellier, France Citadines Montpellier Sainte-Odile 195 Rue du Pré aux Clercs, Montpellier, France Citadines Nice Buffa 21 Rue Meyerbeer, Nice, France Citadines Nice Promenade 3-5 Boulevard François Grosso, Nice, France Citadines Strasbourg Kléber Rue du Jeu des Enfants, Strasbourg, France Citadines Toulouse Wilson 8 Boulevard de Strasbourg, Toulouse, France Other European Countries Belgium TEL: Brussels Citadines Bruxelles Sainte-Catherine 51, Quai au Bois à Brûler 1000 Bruxelles, Belgium citadines Bruxelles Toison d Or 61-63, Avenue de la Toison d Or 1060 Bruxelles, Belgium Germany TEL: Berlin Citadines Olivaer Platz, Berlin Olivaer Platz 1, Berlin-Wilmersdorf, Germany Spain TEL: Barcelona Citadines Ramblas, Barcelona Ramblas 122, Barcelona, Spain Middle East United Arab Emirates Dubai TEL: Somerset Jadaf, Dubai Somerset Residence, Jadaf, P.O , Dubai, United Arab Emirates Ascott Living June

20 Leading Brands THE ASCOTT The luxurious The Ascott serviced residences offer top executives elegant living in some of the finest residences in key cities of Asia Pacific and Europe. Located in prime business districts, they provide luxurious comfort, discreet service and meticulous attention to detail. SOMERSET Somerset serviced residences offer upper management executives and their families a seamless blend of comfort, convenience and stylish living right in the hub of major business cities. Guests can enjoy modern business amenities and good living amid the charming local culture and pulsating city life. CITADINES Citadines serviced residences offer mid-level executives vibrant residences with the space, privacy and business connectivity to relax and recharge, yet stay on top of business in the city. They feature flexibility in the choice of services, so the executive can customise his stay to his lifestyle. The Ascott Group The Ascott Group is the largest international serviced residence N o 8 Shenton Way #13-01 owner-operator outside the United States with more than 16,000 serviced residence units in key cities of Asia Pacific, Europe and the Temasek Tower Singapore Middle East. Tel: (65) Fax: (65) For reservations, please call tel: (65) For feedback on the Website: newsletter, please contact the Corporate Communications Department at tel: (65) Ascott Living June 2006 No part of this publication may be quoted or reproduced without the prior permission of the copyright holder, The Ascott Group. Printed by Continental Press Pte Ltd