Swiss-Garden Residences achieves 90% average occupancy, plans expansion

By Lam Jian Wyn of theedgeproperty.com
Friday, 19 August 2011 06:00

KUALA LUMPUR: Swiss-Garden Residences have achieved to-date 90% average occupancy following its soft launch in April, said operator Swiss-Garden Hotel & Residences central region group general manager Rayan Komatt.

"This is a reflection and testament that serviced residences are in great demand and an emerging trend compared to hotels," he said in a speech at the official opening of its first serviced apartments on Thursday, Aug 18.

The hotelier sees growing potential in the serviced apartments segment and plans to start three new Swiss-Garden Residences in Butterworth, Malacca and Kuantan within the next three years, said Swiss-Garden International vice-president of business development and sales and marketing Francis Lee.

Swiss-Garden Residences Kuala Lumpur sits on a 1.7-acre (0.68ha) site that is a stone's throw away from the vibrant Bukit Bintang district.

The serviced apartments have a gross development value of RM320 million and are divided into a north and south tower that stand at 37 storeys and 33 storeys respectively.

The development features a total of 478 units, most of them ranging from 550 sq ft 1-bedroom to 750 sq ft 2-bedroom types, and there are also two units of 2,700 sq ft penthouses.

These lodgings are intended for corporate and business travellers who are either on short trips or looking for longer-term accommodation.

Facilities include an infinity pool, a Jacuzzi, children's pool and playground, squash court, gym, sauna, games room, reading room, launderette, convenience store, business centre and complimentary shuttle services.

Apart from the serviced residences here, Swiss-Garden International Hotels, Resorts & Inns manages and operates six other hotels and resorts in Malaysia and Australia.