Setia Awan Group’s Astrum Ampang Sdn Bhd and The Ascott Limited (Ascott) have entered
into an agreement for the management and operations of Citadines Astrum Ampang Kuala
Lumpur.

The 230-unit serviced residence is slated to open its doors in 2026. Citadines Astrum Ampang Kuala Lumpur will be in Block M of the upcoming Astrum Ampang mixed development project.

The landmark project has a gross development value (GDV) of RM 1.6 billion.

The agreement was inked by Ng Teck Hua, Executive Director of Setia Awan Central Region
and Mondi Mecja, The Ascott Limited’s Country General Manager for Malaysia at the Astrum
Ampang Property Gallery in Phileo Damansara 1, Selangor.

Ng Teck Hua said, “Ascott is a preferred partner for this venture as it is a global lodging company with a strong track record and reputation. We certainly look forward to working
closely with Ascott and to leverage on both parties’ expertise in catering to a new generation of patrons and residents.”

Demand for short-term stays at hotels and serviced residences is healthy, especially in
properties such as the Astrum Ampang development, which are located within the city centre as well in close proximity to business centres and embassies.

Citadines Astrum Ampang Kuala Lumpur offers the flexibility of a serviced residence with the services of a hotel. The 230 units serviced residences consist of studio and one-bedroom apartments with facilities dedicated for patrons only, such as a swimming pool, a
gymnasium, a residents’ lounge, meeting rooms and food & beverage outlets.

The establishment will also have its own dedicated lobby complete with drop-off area exclusive for the patrons.

Citadines Astrum Ampang Kuala Lumpur, which is nearby to retail, lifestyle as well as food
and beverage options, is ideal for both business and leisure guests with long- and short-term needs.

Astrum Ampang Meeting the Demands of First-Time Homebuyers

Apart from the Citadines Astrum Ampang Kuala Lumpur units, the Astrum Ampang mixed
development also comprises residential units for sale which will be launched in phases.

Designed with practicality that meets the needs of urban homebuyers, particularly first-timers in their 30s, Astrum Ampang’s Phase 1 SOHO units have a built-up area of 280 sq ft and are priced at RM230,000.

In the recent launch of Astrum Ampang’s Phase 1 units, the developer has recorded 80% take-up rate amid the global COVID-19 pandemic.

The project is integrated with the progressive Transit-Oriented Development (TOD) concept
which considers the availability of jobs, housing, and amenities around public transit
systems.

Astrum Ampang is supported by the principles of TODs to provide an affordable living environment as well as a quality and sustainable lifestyle.