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Ascott secures over 2,100 new units across 12 properties in China

It also inks contracts for 10 more properties and over 1,600 new units in markets such as Austria, Indonesia

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Ascott Huaishu Road Ningbo is one of the 12 new properties signed in China in the last three months. It is Ascott's first serviced residence in Ningbo, and will offer 41 units comprising studio, one- and two-bedroom apartments with views of the Yuyao River.

Singapore

CAPITALAND'S wholly-owned lodging business unit, The Ascott Ltd, has secured more than 2,100 new units across 12 properties in China in the last three months.

Revenue from its operating properties in the country have also almost fully recovered to pre-Covid-19 levels,...

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