Big deals bump Ascott portfolio to over 100,000 units globally

Singapore

CAPITALAND'S serviced residence arm, The Ascott, has secured contracts for 26 properties with over 4,600 units across 11 countries, the group announced on Monday morning.

Of these properties, half will be established in China from 2019 to 2023, and one is slated to open in Singapore this year.

The new additions will boost Ascott's portfolio to over 100,000 units, and mark a second consecutive year of growth for Ascott.

"Ascott has been on a strong growth trajectory, crossing over 100,000 units to close a second year of record expansion," said Ascott CEO Kevin Goh, noting that the company's Ascott's p…