Ascott grows Vietnam portfolio

ASCOTT has been awarded the management contracts for two new properties in Ho Chi Minh City.

The 100-unit Somerset Vista Ho Chi Minh City will open in December, while the 168-unit Vista Residences will be available for lease next month. Both properties are part of The Vista, a premier residential development.

Alfred Ong, Ascott’s managing director for South-east Asia and Australia, said: “With the government’s plans to transform Ho Chi Minh City’s District Two into Vietnam’s new commercial and financial centre, we see strong growth potential to expand into the area.”

Somerset Vista Ho Chi Minh City and Vista Residences will offer a range of apartments ranging from two- to four-bedroom units. Both properties are equipped with facilities such as a lap pool, a children’s pool and playground, a gym, a clubhouse with steam and sauna, a Jacuzzi, tennis courts and a golf putting green.

Meanwhile, Ascott’s first property in Hai Phong – Somerset Central TD Hai Phong City – is set to launch in 2013, while its inaugural property in Danang – Somerset Danang Bay – will debut in 2014.

Sourced: TTG Asia