Frasers Hospitality expands to Taiwan with over 200-key Taipei serviced apartment

Source: The Straits Times
Author: Hykel Quek

SINGAPORE - Frasers Hospitality, a strategic business unit of Frasers Property, announced on June 20 its entrance into Taiwan with its premium serviced apartment, in partnership with Taiwanese real estate developer Hongtai Group.

Fraser Residence Taipei, which will offer more than 200 suites ranging from one to three bedrooms, is due to open in 2027.

The launch marks Frasers Hospitality's increased presence in North Asia, with properties already operational across China, Japan and South Korea.

The residence is located in Taipei's Beitou District, near the Tianmu neighbourhood, which serves as an enclave for corporate executives and the foreign expatriate community.

It is also near medical facilities and transport nodes, such as Songshan Airport and Shipai metro station. The serviced apartment will feature recreational facilities such as a heated pool and a yoga studio, as well as meeting spaces and a business centre for business travellers.

Frasers Hospitality owns and manages more than 100 premium serviced apartments and hotel residences in over 20 countries.

The business unit said that it will continue to "anchor its growth strategy within Asia-Pacific, Europe, the Middle East and Africa".

Its partner, Taichung-based Hongtai Group, is a real estate developer with businesses in construction and electronics.

Shares mainboard-listed Frasers Property were trading 0.5 cent or 0.6 per cent lower at 79 cents as of 1.33pm on June 20. THE BUSINESS TIMES