20 Jun '16, 8am

CapitaLand division to secure seven new properties across Asia #singaporeproperty #propertynews

SINGAPORE - CapitaLand's wholly owned serviced residence business unit, The Ascott Limited, has secured seven new properties across seven cities in Asia. They are in Karawang in Indonesia, Putrajaya in Malaysia, Danang in Vietnam. Tokyo in Japan and Changsha, Shanghai and Shaoxing in China. With these 1,714 units added to its portfolio, Ascott said it is poised to outpace last year's growth, which was already a record. It has secured more than 5,000 units in 26 properties in the first six months of this year. Ascott chief executive Lee Chee Koon the firm is set to continue this expansion momentum for the rest of the year. "We are able to scale up quickly because of the strong alliances with global partners, as well as industry leaders from land owners to property developers, construction firms, online platforms and tech companies, all of whom recognise Ascott's expertise a...

Full article: http://www.srx.com.sg/singapore-property-news/20452/capit...

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