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Ascott to manage 8 new serviced residences in China

It expects to reach its target of 20,000 apartment units in the country by 2020

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Ascott Central Haikou is one of seven serviced residences in China slated to open from next year to 2020.

Singapore

CAPITALAND'S serviced residence arm The Ascott Limited (Ascott) has inked contracts to manage eight new serviced residences in China's high growth cities of Beijing, Chongqing, Haikou, Hangzhou, Shanghai and Xiamen through its Ascott, Citadines and Tujia Somerset brands.

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