Sabah, Kota Kinabalu– CapitaLand Investment Limited’s wholly owned lodging business unit, The Ascott Limited (Ascott), proudly announces Citadines Waterfront Kota Kinabalu, Sabah, a premier hospitality establishment under Ascott Malaysia, proudly announces a momentous occasion in its journey towards fostering global economic partnerships.
On Saturday, 11th May 2024, the esteemed property will enter a Memorandum of Understanding (MOU) with two influential organizations, the Malaysia China Chambers of Commerce (Sabah branch) and the World Federation Overseas KoreanTraders Association Kuala Lumpur.
This significant event, set against the breathtaking backdrop of Sabah’s coastal beauty, will witness the presence of distinguished guests and esteemed speakers, including Mr. Laurentius Bansing, Residence Manager of Citadines Waterfront Kota Kinabalu, Sabah.
Mr. Bansing will deliver the opening speech, setting the tone for an event dedicated to enhancing trade relations and promoting Sabah as a preferred destination for both business and leisure travelers.
Among the esteemed attendees will be Mr. Michael Chin, President of The Malaysia – China Chamber of Commerce Sabah branch, and Datuk Matthew Lee, Chairman of World Federation Of Overseas Korean Traders Associations Kuala Lumpur.
Their presence signifies a notable gathering of key figures poised to explore opportunities for increased economic collaboration between Sabah, China, and Korea.
The highlight of the event will be the official signing of the MOU by all three parties, symbolizing a commitment to cooperation and growth.
This auspicious occasion will see the presence of distinguished individuals, including Datuk Lim Poh Yit, the owner of Titijaya Land Berhad, and Mr. Yoon Ockchae, Consul of Korea at the Consulate of the Republic of Korea and Datuk Dr Roland Chia, Political Secretary for Chief Minister of Sabah. Members of the media and esteemed officials, collectively also witnessed this historic moment.
“We believe that this collaboration marks a significant milestone not only for Citadines Waterfront Kota Kinabalu, Sabah but also for the economic landscape of Sabah,” remarked Mr. Laurentius Bansing.
“By strengthening ties with key players in China and Korea, we aim to position Sabah as a premier destination for trade and tourism, thus contributing to the overall prosperity of the region.”
Through this collaboration, Citadines Waterfront Kota Kinabalu, Sabah, along with its partners, endeavors to drive economic growth, promote cultural exchange, and showcase the unparalleled beauty and hospitality of Sabah to the world.
Together, they aspire to elevate Sabah’s standing on the global stage, attracting visitors and investors alike, and solidifying its reputation as a preferred destination for both business and leisure.
Ascott is one of the largest lodging owner-operators in Malaysia with 18 operational properties tailored for different market segments across Ascott’s award-winning brands such as Ascott, Somerset, Oakwood, Citadines, lyf, HARRIS, and FOX.
Since pioneering Asia Pacific’s first international class serviced residence with the opening of The Ascott Singapore in 1984, Ascott has grown to be a trusted hospitality company with over 950 properties globally.
Headquartered in Singapore, Ascott’s presence extends across more than 220 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.
Ascott’s diversified accommodation offerings span serviced residences, coliving properties, hotels and independent senior living apartments, as well as student accommodation and rental housing. Its award- winning hospitality brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Preference, Fox, Harris, POP!, Vertu and Yello.
Through Ascott Star Rewards (ASR), Ascott’s loyalty programme, members enjoy exclusive privileges and offers at participating properties.
A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically-integrated lodging operator. Harnessing its extensive network of third-party owners and in-market expertise, Ascott grows fee-related earnings through its hospitality management and investment management capabilities. Ascott also expands its funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.
This year, Ascott marks 40 years in hospitality service with the launch of Ascott Unlimited, a full year campaign that will offer Unlimited Opportunities, Unlimited Choices, Unlimited Freedom, and Unlimited Good.
Navigating a future of unlimited possibilities against a backdrop of global change and evolving perspectives of travel, Ascott Unlimited marks Ascott’s ambitions to break new ground, and springboard to its next chapter of growth as a global hospitality company. Find out more about Ascott Unlimited at www.discoverasr.com/ascottunlimited.
For more information on Ascott and its sustainability programme, please visit www.discoverasr.com/the- ascott-limited. Alternatively, connect with us on Facebook, Instagram, TikTok and LinkedIn.
Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong Asia foothold. As of 31 March 2024, CLI had S$134 billion of assets under management as well as S$100 billion of funds under management (FUM) held via six listed real estate investment trusts and business trusts, and more than 30 private vehicles across Asia Pacific, Europe and USA. Its diversified real estate asset classes cover retail, office, lodging, business parks, industrial, logistics, self-storage and data centers.
CLI aims to scale its FUM and fee-related earnings through fund management, lodging management and commercial management, and maintain effective capital management.
As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand’s development arm.
As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for Scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.
Citadines Waterfront Kota Kinabalu houses stylish, fully equipped rooms to suit every guest’s needs. All living spaces come complete with a kitchenette, spacious bedroom, separate living and dining spaces, and other modern essentials.
Apart from these well-furnished serviced apartments in Kota Kinabalu, guests have easy access to a diverse range of excellent amenities and facilities, including the residents’ lounge, swimming pool, gymnasium, launderette, and meeting rooms.
Strategically positioned within Sabah’s capital city, the property enables guests to effortlessly reach a host of captivating destinations. From lively markets and lavish shopping malls to serene city parks and even the Kota Kinabalu International Airport — every popular attraction is within easy reach.
Citadines Waterfront Kota Kinabalu has implemented the Ascott Clean360 commitment to safety, wellness and cleanliness. More info https://www.discoverasr.com/en/ascott-cares/respect/ascott-clean360
Titijaya Land Berhad, a stalwart in the Malaysian property industry, is setting the stage for further expansion and innovation as it celebrates over two decades of excellence.
Renowned for its cutting-edge approach to urban lifestyle development, Titijaya has left an indelible mark with its portfolio of successful high-rise residential projects, integrated developments, commercial hubs, SoHo, and industrial ventures.
The company’s commitment to excellence has been consistently recognized, earning prestigious accolades such as The Asia Pacific Property Awards Development in association with American Standard 2019 – 2020, The Edge Top Property Developers Awards 2019, and the CSR Malaysia Awards 2019 for its outstanding corporate social responsibility initiatives.
With an unwavering focus on understanding market dynamics, Titijaya has demonstrated agility in navigating challenges, including the unprecedented disruptions caused by the COVID-19 pandemic.
Embracing digitalization initiatives and adhering to evolving market trends, the company remains committed to its mission of creating properties that resonate with buyers, evoke appreciation, and inspire repeat patronage.
Each Titijaya development is a testament to the company’s dedication to modernity and innovation, featuring meticulously crafted facilities designed to complement contemporary lifestyles.
The company’s ongoing and upcoming projects continue this tradition, promising a seamless fusion of aesthetic appeal and functionality.
As Titijaya Land Berhad looks to the future, its legacy of excellence and commitment to innovation position it as a trailblazer in Malaysia’s dynamic property landscape.
