The world's leading international serviced residence owner-operator, The Ascott Limited, has recently secured two management contracts in Petaling Jaya, Malaysia and Jakarta, Indonesia.

The 200-unit Somerset Damansara Uptown Petaling Jaya and the 187-unit Somerset Kencana Jakarta are slated to open in 2016 and 2014 respectively.

The latest additions brings Ascott's global portfolio to over 27,000 keys across Asia, Europe and the Gulf Region. 

Mr Alfred Ong, Ascott’s Managing Director for Southeast Asia and Australia, said: “As foreign investments continue to increase in Malaysia and Indonesia, we expect strong demand for our serviced residences. By securing our 10th property in each country, we are able to reap greater economies of scale and position Ascott for further growth in both countries.”

For more information, please visit www.the-ascott.com