KAR Sin Bhd (KSB), a wholly-owned subsidiary of YNH Property Bhd, has formalised agreements for management, technical and consultancy services with Frasers Hospitality Pte Ltd, the hospitality arm of Frasers Centrepoint Ltd (a wholly-owned subsidiary of Fraser and Neave Ltd).
Frasers Hospitality will manage the Gold-Standard Serviced Residence, Fraser Place Kuala Lumpur, located at Lot 163, Jalan Perak, Kuala Lumpur.
Fraser Place Kuala Lumpur, slated for completion soon, will be a young vibrant hub for expatriates, located in the "golden triangle" of the Malaysian capital, where most international banks, oil and gas companies and multinationals are based. It will be within walking distance of the Petronas Twin Towers (KLCC) and Pavilion KL, the city's largest retail mall.
"This is in line with our strategy to ensure the quality of our projects to meet the taste and requirements of our discerning purchasers and also ensuring that the management of the building is left in the hands of professionals," YNH executive chairman Datuk Dr Yu Kuan Chon said in a statement.
The project comprises an office tower and a second tower with 217 studios, bedrooms and penthouse serviced residences.
By New Straits Times
Monday, August 4, 2008
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