Frasers Hospitality Launches New Serviced Apartments In Hong Kong

Serviced residence owner and manager Frasers Hospitality and Harvest Capital Partners, a boutique investment firm specializing in real estate investment funds, have announced the launch of Fraser Suites Hong Kong.

Located in the heart of Hong Kong island's Wanchai business and entertainment district, Fraser Suites Hong Kong occupies a 23-storey building owned by Harvest Capital Partners.

"We are delighted to be working with Harvest Capital Partners to grow the Fraser brand in Hong Kong. The company owns an impressive collection of properties and this Wanchai development is one of the real jewels in its portfolio as it occupies an enviable site, located within easy access to many key commercial buildings," stated Choe Peng Sum, CEO of Frasers Hospitality.

With open views of the city, Fraser Suites Hong Kong has 87 apartments ranging in size from 422 to 883 square feet. Access to Wanchai MTR station is just one minute away and only 10 minutes from Pacific Place, Central Plaza, the Hong Kong Convention & Exhibition Centre and other key commercial buildings. All the apartments are designed for international clientele and fulfil the exacting needs of corporate executives who appreciate the finer things in life. Each apartment has a separate living and dining room, a modern kitchen, and bedroom together with the latest in-apartment technologies including a flat screen LCD TV, iPod docks, wireless Internet access, and washer-dryers.

According to research conducted by DTZ Research and commissioned by Harvest Capital Partners, as Hong Kong is in the midst of a continuous 7-8% year-on-year growth in the financial, insurance, real estate sectors, demand for serviced apartments continues to remain healthy with nearly 100% occupancy rates being driven by limited supply.