CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has expanded into Chengdu, China, with its latest property in the country — Somerset Riverview, Chengdu.

Opened in April, the 200-unit Somerset Riverview, Chengdu offers apartments ranging from studios to duplexes, catering to the different needs of both short- and long-stay customers. All apartments are equipped with a fully-equipped kitchen, en-suite bathroom and separate living and work areas.

Somerset Riverview, Chengdu is located within the downtown central business district along South Renmin Road. It sits next to the main artery connecting the downtown central business district to another major commercial area in the city’s south which is a well-known venue for conventions and exhibitions. The property is also a 15-minute walk to the landmark Tianfu Square which is home to major malls and a transportation hub that provides convenient access to various destinations in the city.

The serviced residence was acquired through the Ascott China Fund. This increases Ascott’s portfolio in China to over 5,000 apartment units in 27 properties across 13 cities — Beijing, Chengdu, Chongqing, Dalian, Guangzhou, Hong Kong, Shanghai, Shenyang, Shenzhen, Suzhou, Tianjin, Wuhan and Xi’an.