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
Add BT as a preferred source
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
