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
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Nisha Ramchandani
Singapore
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 The Ascott would manage 1,000 more apartment units in Yinchuan, Changsha, Shenyang and Xi'an.
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