F&N

F&N: Annouced that its service residence unit, Frasers Hospitality has launched its 4th property, the 72-unit Fraser Residence Orchard, bringing No. of service apts under mgt close to 6k, a step closer to its target of 10,600 by 2012. This yr, unit will open 12 new properties in China, India, Qatar, Turkey, Hungary, with 13 properties tipped for next yr. Altogether, 4600 service apts will be added by 2012. Frasers Hospitality's properties globally has more than 80% occupancy rate.