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Ascott bags five new management contracts in China

This brings its China portfolio to 12,000 apartment units; next target is 20,000 units by 2020

Ascott's Somerset Xingqing Yinchuan and Citadines Xingqing Yinchuan are to open in 2018 in Yinchuan, China's growing tourism and business hub.


CAPITALAND'S serviced residence business The Ascott has landed contracts to manage five additional properties in China, boosting its portfolio to 12,000 apartment units in the populous country.

In a statement to the Singapore Exchange on Monday, CapitaLand announced that