The Chedi Andermatt Residences debut in Asia
Exclusive opportunity to own a 5-star property in Switzerland
Exclusive previews in Hong Kong and Singapore for interested buyers |
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The Chedi Andermatt Residences debut in Asia
Exclusive opportunity to own a 5-star property in Switzerland
Exclusive previews in Hong Kong and Singapore for interested buyers |
Category: Asia Pacific - Industry economy
- Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2013-06-11
Discerning Asian buyers will have an exclusive and rare opportunity to purchase a Swiss residence at The Chedi Andermatt, a luxurious 5-star contemporary hotel and residences development nestled in the quaint Alpine hamlet of Andermatt. The highly anticipated properties will be available for preview at an invitation-only seminar and lifestyle show on Thursday, June 13 from 7:00 – 9:00pm at the Mandarin Oriental Hong Kong Hotel and in Singapore on Thursday, June 27 at 7:00pm at the Four Seasons Singapore Hotel. The Chedi Andermatt Residences is available for sale with no restrictions for foreign buyers, making this the ideal investment for Asian buyers interested in owning a home in one of the world’s most exclusive enclaves.
"Switzerland has traditionally held great appeal for overseas investors,” said Olivier Croonenberghs, Partner at Swiss Finance & Property AG. “The country is known for a business friendly environment, economic stability and, of course, its strikingly beautiful environs. The Chedi Andermatt offers an unprecedented opportunity for international buyers to purchase an extraordinary 5-star Swiss property with no restrictions. This makes an already enticing development even more alluring for today’s Asian investors.”
Set to open in December 2013, The Chedi Andermatt is a luxurious 5-star contemporary hotel and residences development in the heart of the Swiss Alps. Ideally situated as the centerpiece of the new Andermatt Swiss Alps development, The Chedi Andermatt comprises 50 luxury hotel rooms and 119 impeccably appointed residences as well as two gourmet restaurants, luxurious lounges and bars, and an exclusive spa and a state-of-the-art health club. With management by Singapore-based General Hotel Management Ltd, the resort will showcase a distinctive blend of the best of Asian and Swiss hospitality cultures, offering discerning travellers highly personalized services and facilities.
Beautifully Designed for a Beautiful SettingThe Chedi Andermatt is uniquely suited for discerning Asian buyers seeking a second home in one of Europe’s most sought-after locales. The resort features a contemporary design by the renowned Jean-Michel Gathy of Denniston International Architects and Planners of Kuala Lumpur, Malaysia. The architecture combines traditional alpine style with clean modern lines and sumptuous luxury amenities. The resort’s ambiance is elegantly casual, enhanced by traditional features and materials, like dozens of indoor and outdoor fireplaces spread throughout the common areas where small groups can relax with a glass of wine, espresso or hot cider.
The diverse property portfolio includes 64 elegant hotel residences, 42 apartment residences, thirteen lavish penthouses featuring indoor-outdoor fireplaces and spectacular views of the Urseren Valley and nearby peaks. The fully furnished one- and two-bedroom residences range in size from 110 – 306 square meters, and the lofts and penthouses range from 221 to 655 square meters. With a contemporary design that is accentuated by traditional alpine materials and elements, each unit features the finest finishes and high-end appliances.
Owners will enjoy all the amenities of adjoining hotel, which include The Spa at The Chedi Andermatt, a wellness center with state-of-the-art fitness facilities and programs as well as a comprehensive range of health and beauty treatments. The Chedi Andermatt offers gourmet dining and elegant lounging, including a signature Asian restaurant, a restaurant featuring Western and European favorites, a spacious lounge with an international selection of cigars and wines, and a stylish après ski bar. The units are available starting at USD 2 million for a one-bedroom apartment.
Unprecedented Opportunity & ValueTraditionally, Swiss law has prevented foreigners from acquiring residential property without a permit. However, thanks to a special exemption by the Swiss government, those restrictions have been lifted exclusively for The Chedi Andermatt and the Andermatt Swiss Alps resort. Foreign buyers can enjoy all the same privileges, including purchasing and selling The Chedi Andermatt properties. In addition, because of the “second home initiative” adopted by the Swiss Electorate, The Chedi Andermatt properties represent one of the last possible opportunities to purchase a holiday home in a resort area.
Moreover, thanks to the country’s longtime political and economic stability, the Swiss real estate market is one of the most stable in the world and has shown a positive trend for several years running. In addition, Switzerland enjoys a high quality of life with low unemployment, the ability to innovate, and a skilled workforce – all which contribute to a positive forecast for the real estate market and the economy.
Finally, the Swiss Franc is positioned as a very strong currency, holding firm against Europe’s debt and financial crisis. As a stable financial center with low inflation, the strength of the Swiss Franc allows government bonds and mortgage financing to be available at very low interest rates.
The Andermatt Swiss Alps – A New Development Rich in TraditionLocated in the Gotthard Region of Switzerland in the high Alpine valley of Urseren, Andermatt has been a favorite European holiday destination for over a century. At 1,444 meters above sea level in the heart of the Swiss Alps, Andermatt is known for high peaks, deep canyons, wild waterfalls and quiet mountain lakes. Four major rivers originate in the region – the Rhine, Rhone, Reuss, and Ticino and the area enjoys some of the finest air and water quality in the world. The pristine resources of the Gotthard Region have been carefully managed to preserve its unspoilt quality. In summertime, flowering meadows provide ideal walking, hiking and mountain biking routes and, in the winter, the world famous snow-covered mountains offer incredible pistes.
This pristine valley is home to the new Andermatt Swiss Alps, an integrated year-round holiday destination resort with four- and five-star hotels, residences and luxury chalets as well as a retail village, conference facilities, an indoor swimming pool, and an 18-hole championship golf course. The village will be a car-free zone with more than 1,900 parking spaces located underground. Expected to be fully completed within the next ten years, Andermatt Swiss Alps will also modernize and link together three major ski areas, including the Gemsstock for experienced skiers, the Natschen for families and novices, and neighboring Sedrun. Combined, the new ski arena will offer 130 kilometers of well-developed piste.
In keeping with a commitment to the local economy and environment, The Chedi Andermatt and the Andermatt Swiss Alps resort are being sustainably designed and developed to meet MINERGIE Swiss quality and standards which reduce the energy consumption of the property.
Ideal LocationAndermatt is centrally located in Switzerland with convenient connections to major airports in Zurich (1.5 hours), Basel (2 hours) and Milan (2 hours) and a private airfield in Buochs (45 minutes). The world-famous Glacier Express railway passes through Andermatt, connecting the city to both Zermatt and St. Moritz. The cities of Lucerne and Lugano are only an hour away.
Exclusive Previews in Hong Kong & SingaporeInterested buyers can learn more about The Chedi Andermatt opportunity at an exclusive preview event in Hong Kong on Thursday, June 13 at 7:00pm at the Mandarin Oriental Hong Kong Hotel and in Singapore on Thursday, June 27 at 7:00pm at the Four Seasons Singapore Hotel.
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