Frasers opens third Jakarta property

George Sell George Sell Uploaded 31 March 2016


Indonesia: Frasers Hospitality has launched its third serviced residence in Jakarta.

Fraser Place Setiabudi is set in a 31-storey tower on Jalan Karbela Selatan, in central Jakarta's Golden Triangle area. It features 151 units, all featuring separate living, dining and bedroom areas, plus kitchens and washer-dryers.

"Indonesia is a key growth market for us and our confidence is reflected in the fact that more than 20% of our Southeast Asian properties are located in Jakarta," said Choe Peng Sum, CEO of Frasers Hospitality.

"Catering to long-staying residents, our first two Jakarta properties, Fraser Residence Sudirman and Fraser Residence Menteng, have continued to enjoy steady occupancies throughout the year. With the anticipated trend of shorter and more frequent stays by business travellers, our new properties in Jakarta will feature a larger number of one and two-bedroom apartments to specifically cater to this demand."

Frasers is planning to increase its Jakarta portfolio to a total of eight properties with more than 1,300 units by 2019.


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