The Second Serviced Apartments of KWIH Begins Operation
K.Wah International Holdings Limited (KWIH), a leading real estate enterprise in Hong Kong, announced the formal operation of Stanford Residences Xu Hui, the second serviced apartments under its high-end serviced apartment brand, Stanford Residences, a few days ago. This project will further enrich the high-end serviced apartment market in Shanghai and offer more choices to foreign and domestic elite families looking to make a home in China. Its commencement also marks KWIH's steady development of the diversified product lines and active exploration of the high-end serviced apartment market.
Running with the theme of "Encounter Your French Elegance," the housewarming party at the Stanford Residences Xu Hui was held at The Palace, a boutique residential property on West Jianguo Road. Mr. Leo Lee, Associate Director, Mr. Francis Yeung, General Manager of Marketing and Sales of K.Wah (China) Investment Co., Ltd. and Mr. Paul Frenches, Cultural attaché of the Consulate General of France in Shanghai attended the party.
Establishing the high-end serviced apartments brand - Stanford Residences - in 2013, KWIH launched its first flagship project - Stanford Residences Jing An in March 2015 with a high-level rental and an excellent occupancy rate that soon made it a market leader in the high-end serviced apartments industry in Shanghai. It reached an occupancy rate of 90% by the end of 2016 and earned awards including “High-end Serviced Apartment Brand of the Year” and "Best Serviced Apartment Operator" from the industry and media.
“The success of the Stanford Residences Jing An not only proves the precise judgment of KWIH regarding the high-end serviced apartment market in Shanghai, but also represents the completion of important strategic deployment by KWIH with respect to diversified business development in the Chinese Mainland. The formal operation of the Stanford Residences Xu Hui will further promote the diversified development of KWIH. In 2017, Stanford Residences will continue to expand the market layout steadily and develop both its products and brand, maintaining the dominant position in the market so as to meet the high-end living pursuit of the foreign and domestic elite families in Shanghai” Leo Lee stated.
Stanford Residences Xu Hui is located on West Jianguo Road; an area that very much represents the very essence of Shanghai traditional culture. In terms of the apartment layout, Stanford Residences Xu Hui offers two-bedroom, three-room, three-bedroom and one- study and four-bedroom and one-study, penthouse and garden units, there are 119 suites in total, each fulfilling different needs. In addition to the 3,600㎡ clubhouse and nearly 10,000㎡ garden shared with The Palace, tenants can also make the most of their elegant lifestyle with a 24/7 butler service.
Stanford Residences attaches great importance to the construction of the whole community while providing residents with living spaces. Francis Yeung pointed out, "Residing in The Palace, a community constructed as a whole by KWIH, the residents of Stanford Residences Xu Hui can enjoy themselves in a pleasant environment. The residents can also enjoy the convenience brought by the Palace Lane, a French-style boutique business district built refined by KWIH."
2017 will be a fruitful year for Stanford Residences to achieve its goals in Shanghai's high-end serviced apartment market. Apart from the Stanford Residences Jing An and the Stanford Residences Xu Hui, Stanford Residences will launch their third high-end serviced apartment project – Stanford Residences Jin Qiao in the second half of 2017. The new project is located in Jinqiao, Pudong, Shanghai, adjacent to the Green City Community. The project will join Stanford Residences Jing An, and Stanford Residences Xu Hui to offer more options to domestic and foreign families living in Shanghai.