>

>

Frasers unveils serviced residence in Tianjin, China

By Charlene Chin

/ EdgeProp |

June 13, 2018 5:31 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

Frasers Hospitality, part of the Frasers Property Group, has unveiled its second serviced residence in Tianjin, China.

Fraser Place Binhai Tianjin, targeting short and long-term business and luxury travellers, features 224 units, spanning studio to two-bedroom apartments. It is located in the Tianjin Economic-Technological Development Area, close to public transport nodes and TEDA MSD shopping centre.

Guests will be able to enjoy dining, wi-fi, and room service all day, and have access to facilities like a swimming pool, a gym and a bar. Business travellers will be able to use function rooms for meetings.

“China is key to our future growth as it currently represents a quarter of our portfolio,” said Choe Peng Sum, CEO of Frasers Hospitality. “In addition to entering new Chinese cities, we are also building on our presence in cities that we already operate in so that we may better provide travellers with more options that cater to their needs.”

Frasers’ first serviced apartment in Tianjin, called Fraser Place Tianjin, was opened in 2016. At present, it records an average occupancy upwards of 90%, according to Choe.

He attributes the demand in China’s market to the country’s huge population and rising consumption power. Chinese millennials are also driving growth, he notes.

To date, Frasers Hospitality has 16 properties in 11 cities in China: Beijing, Changsha, Chengdu, Dalian, Guangzhou, Nanjing, Shanghai, Shenzhen, Tianjin, Wuhan and Wuxi. It has another 16 properties in the pipeline in various Chinese cities.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Kingsford sells 30% of units at The Hill @ One-North, with average price of $2,595 psf

2

Residential transactions with contracts dated April 2 to 9 [DONE DEALS]

3

The Hillshore sells three units by placement at an average price of $2,626 psf

4

Zion Road residential site triggered for sale at a minimum bid price of $604.57 mil

5

Resale condo prices in the CCR climb 3.7% q-o-q in 1Q2024: OrangeTee & Tie

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00