Ascott surpasses 100th property milestone with 7 new properties in China

SINGAPORE (June 27): The Ascott Limited, CapitaLand’s wholly-owned residence business unit, has secured seven new contracts to manage over 1,300 apartments across six cities in China.

These properties mark Ascott’s first step into managing properties in Kunming and Yichang, while expanding its presence in Chongqing, Dalian, Shenzhen and Xuzhou.

This year, Ascott has added to its portfolio more than 2,700 units across 15 properties in China, a 56% increase compared to about 1,700 units and 10 properties secured in 1H16.

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