Ascott signs deals with China, Japan, Thailand developers

Singapore

ASCOTT Limited, the serviced residence unit of mainboard-listed CapitaLand, has struck deals with developers in China, Japan and Thailand to manage apartments currently under development by them and also their future projects, it said on Monday.

In China, Ascott is partnering township developer Riverside Group to launch serviced residences in Zhejiang, Chongqing and future riverside themed towns in other key cities.