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Ascott to see better share of stable income after latest purchases

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Ascott Orchard Singapore comprises 220 units, of which there are regular suites in studio, one and two-bedroom configurations, as well as eight penthouse suites. For now, daily rates start from S$360.

Singapore

MAINBOARD-LISTED CapitaLand's wholly owned serviced residence business unit Ascott Reit says its proportion of stable income will rise from 40 per cent as at end-December 2016 to 46 per cent after the completion of its rights issue, acquisition of Ascott Orchard Singapore (AOS)

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