Fraser Residence Putrajaya — Photo by Frasers Hospitality Group

Singapore -- Frasers Hospitality Group, a division of Frasers Centrepoint Limited, will be launching its first Gold-Standard serviced residence in the federal administrative centre of Malaysia with the opening of Fraser Residence Putrajaya in 2019. This will add to its growing portfolio in Malaysia which is targeted to increase to eight properties with more than 2,400 units by 2019.

An "intelligent garden city" located in the Klang Valley, Putrajaya is well on its way to becoming the green, innovative and connected city it was designed to be, with flourishing tourism, e-business industries and a diverse economy. Only 20 minutes from the Kuala Lumpur International Airport, Putrajaya is located next to Cyberjaya, a fully integrated high-tech business district known as the "Silicon Valley" of Malaysia, where a growing number of multinational corporations have established their global offices. Putrajaya is well-linked to other commercial and residential areas within the Klang Valley through major expressways and is the venue for a number of large-scale sporting and cultural events, such as the Ironman 70.3 Triathlon, the Putrajaya International Hot-Air Balloon Fiesta and the Putrajaya International Islamic Arts and Culture Festival.

Mr Choe Peng Sum, Chief Executive Officer of Frasers Hospitality Group, said: "The addition of Fraser Residence Putrajaya to our portfolio places us in four prominent cities across Malaysia, which is one of Asia's fastest-growing economies. The next three years will see the launch of more than 10 commercial developments with offices, shopping malls, F&B and entertainment offerings within the area. Furthermore, under its Economic Transformation Programme, Malaysia plans to transform the Klang Valley into one of the world's top investment destinations by attracting 10 multinational companies a year to establish its operations there. This will increase the demand for short to long-term serviced accommodation by foreign diplomats, expatriates, business executives and their families, and we will be well positioned to meet that need," he added.

Located strategically between Putrajaya and Cyberjaya, the 253-unit Fraser Residence Putrajaya faces the Putrajaya Lake, which marks the centre of the precinct. A Gold-standard serviced residence with contemporary and minimalist theme, Fraser Residence Putrajaya is designed by award-winning multidisciplinary design firm, Bates Smart. Fraser Residence Putrajaya enjoys unobstructed waterfront views and easy access to restaurants, retail outlets and offices within its mixed-use development, as well as other dining options, supermarkets, schools and a hospital located within the area.

Frasers Hospitality Group commenced operations in Malaysia with the opening of Fraser Place Kuala Lumpur in 2010, followed by the opening of Capri by Fraser Kuala Lumpur in 2014 and Frasers Hospitality Group's largest serviced residence, the 446-unit Fraser Residence Kuala Lumpur, in 2015. The positive demand for its offerings in Malaysia is reflected in the steady occupancies of more than 85 percent across the properties, and the prestigious accolades received including the most recent Travellers' Choice Awards by TripAdvisor for Fraser Place Kuala Lumpur and Capri by Fraser Kuala Lumpur, as well as Malaysia's Leading Serviced Apartments 2015 by World Travel Award for Fraser Residence Kuala Lumpur.

Frasers Hospitality Group's global portfolio, including those in the pipeline, stands at 139 properties3 in more than 80 cities and 22,800 keys worldwide.

About Frasers Hospitality

Frasers Hospitality is a leading investor-operator within the lodging sector, backed by 27 years of proven expertise. We specialise in optimising and managing hospitality assets to deliver sustainable value for our stakeholders. As a strategic business unit of Frasers Property Limited, our presence spans Asia Pacific, Europe, the Middle East and Africa.

With a diversified portfolio of over 100 lodging assets across geographies and segments, Frasers Hospitality offers a comprehensive end-to-end ecosystem of bespoke lodging expertise and solutions to maximise performance, value and growth for our partners across the real estate value chain. We are a trusted expert and preferred partner within the lodging sector with a proven track record and a business model optimised to deliver value.

Frasers Hospitality is distinguished by its style of hospitality from our progressive mindset that fosters innovation and matched with our award-winning brand portfolio tailored to new ways of travelling, living and socialising. Recognised globally for our commitment to hospitality excellence, we have earned numerous industry accolades and awards, showcasing our leadership in delivering exemplary, quality services, and curating memorable, life-enriching experiences for our guests and residents – by people, for people.

For more information on Frasers Hospitality, please visit or follow us on LinkedIn.

Linette Ong
Executive – Klareco Communications
+65 9144 8476
Frasers