12 Apr

Ascott Opens First Property On Jeju Island Expands Its Network In South Korea

Somerset Jeju Shinhwa World set within an integrated resort comprising a theme park, gaming facilities, retail outlets and MICE facilities 

Singapore, 12 April 2017 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott) is opening Somerset Jeju Shinhwa World, its first property on Jeju Island on 25 April 2017. Somerset Jeju Shinhwa World marks Ascott’s fourth property in South Korea, expanding its network beyond Seoul and Busan. The new property entrenches Ascott’s position as the largest international serviced residence owner-operator in Korea.

Mr Max Phillips, Ascott’s Country General Manager for South Korea, said “With Ascott’s experience in operating award-winning serviced residences globally and in Korea, this is an exceptional opportunity for us to open the first international-class property on Jeju Island. As Jeju is popular with domestic and global travellers, there is strong potential for Somerset Jeju Shinhwa World, which provides the comforts and privacy of home with world-class services.”

Mr Phillips added: “With our Somerset property being part of the Jeju Shinhwa World integrated resort, our guests and their families will enjoy numerous entertainment, retail and food & beverage options. For guests who wish to stay over in other popular destinations like Seoul and Busan besides Jeju, they can be assured that they will experience a consistent, quality Ascott hospitality.”

The 344-unit Somerset Jeju Shinhwa World is part of an integrated resort which includes a theme park, water park, gaming facilities, high-end retail outlets, MICE facilities and a K-Pop entertainment town. Jeju Island is known for its scenic beaches and lush countryside including the Volcanic Island and Lava Tubes, a UNESCO World Heritage site. Somerset Jeju Shinhwa World is close to Seogwipo City in the south of Jeju island, near to a wide array of tourist attractions and cultural venues such as the O’Sulloc Tea Museum, Halla Mountain and Jeju Aerospace Museum. A 40-minute drive from Jeju International Airport, the property is well-connected to international schools, making it an ideal base for expatriates.

Designed for leisure and business travellers and their families, Somerset Jeju Shinhwa World offers a home away from home in expansive three-bedroom units with thoughtfully furnished and stylish interiors. Each unit has a well-equipped kitchen, separate living and dining areas, a balcony, wine chiller, washing machine, dishwasher and a centralised home automation system. It offers a wide range of modern amenities such as a clubhouse with a spacious lobby lounge, a fully-equipped gymnasium and sauna, a restaurant offering international cuisine, a children’s playroom and a large outdoor play area for kids. Guests can also enjoy a host of local experiences through the Ascott Lifestyle programme with cultural, gastronomical, community and wellness activities, as well as the convenience of a mini-mart, cafés and a myriad of dining options on the property’s doorstep.

Opening Promotion

Guests who book their stays from 25 April to 31 October 2017 can enjoy close to 30% off daily rates at KRW 250,000 per night. They may also request for complimentary advance check-in or late check-out, subject to availability.

With Somerset Jeju Shinhwa World, Somerset Palace and Citadines Han River in Seoul as well as Citadines Haeundae Busan – Ascott currently operates four serviced residences with over 1,300 units in South Korea.

About The Ascott Limited

The Ascott Limited is a Singapore company that has grown to be one of the leading international serviced residence owner-operators. It has over 30,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe and the Middle East, as well as over 22,000 units which are under development, making a total of more than 52,000 units in over 300 properties. The company operates three award-winning brands – Ascott, Citadines and Somerset, along with The Crest Collection and lyf. Ascott’s portfolio spans more than 100 cities across 29 countries.

Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

Ascott’s achievements have been recognised internationally. Recent awards include DestinAsian Readers’ Choice Awards 2017 for ‘Best Serviced Residence Brand’; TTG China Travel Awards 2017 for ‘Best Serviced Residence Operator in China’; World Travel Awards 2016 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; Business Traveller Asia-Pacific Awards 2016 for ‘Best Serviced Residence Brand’; Business Traveller Middle East Awards 2016 for ‘Best Serviced Apartment Company’; Business Traveller UK Awards 2016 for ‘Best Serviced Apartment Company’ and Business Traveller China Awards 2016 for ‘Best Serviced Residence Brand’. For a full list of awards, please visit www.the-ascott.com/ascottlimited/awards.html

About CapitaLand Limited

CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth more than S$78 billion as at 31 December 2016, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 130 cities in over 20 countries, the Group focuses on Singapore and China as core markets, while it continues to expand in markets such as Vietnam and Indonesia.  

CapitaLand’s competitive advantage is its significant asset base and extensive market network.  Coupled with extensive design, development and operational capabilities, the Group develops and manages high-quality real estate products and services. It also has one of the largest investment management businesses in Asia and a stable of five REITs listed in Singapore and Malaysia – CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.

Visit www.capitaland.com for more information. 

Joan Tan, Vice President, Group Communications

Tel: (65) 6713 2864     

Mobile: (65) 9743 9503         

Email: joan.tanzm@capitaland.com


Joey Wong, Manager, Group Communications

Tel: (65) 6713 2865   

Mobile: (65) 9830 9957        

Email: joey.wong@capitaland.com