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Ascott signs 9 new management contracts in China; crosses 20,000-unit target ahead of time

Property

Ascott signs 9 new management contracts in China; crosses 20,000-unit target ahead of time

PC Lee Published on Thu, Jan 04, 2018 / 10:33 AM GMT+8

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SINGAPORE (Jan 4): CapitaLand’s serviced residence business unit, The Ascott Limited, recently won contracts to manage nine properties with over 2,000 units in China.

This means Ascott has exceeded its target of 20,000 units for China for 2017, ahead of its planned schedule of 2020.

The contracts clinched were in new cities such as Harbin and Zhuhai as well as existing ones in Chongqing, Foshan, Shanghai and Wuxi.

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