serviced residences

SINGAPORE (June 21): CapitaLand’s wholly-owned serviced residence business unit, The Ascott, has opened its first property in Nantong – Ascott Harmony City Nantong – and its fourth property in Suzhou – Somerset Baitang Suzhou.

SINGAPORE (June 6): Far East Hospitality has announced the latest and final brand of the group’s upcoming three-property portfolio in Sentosa.

SINGAPORE (Aug 4): The manager of Far East Hospitality Trust (FEHT) has declared a distribution per stapled security (DPS) of 0.97 cent for the 2Q17 ended June, down 4% from the 1.01 cents DPS posted in 2Q16 due to lower revenue.

SINGAPORE (Nov 10): UOB Kay Hian is keeping CapitaLand at “buy” with a target price of $4.05, after the property group on Wednesday announced a 28% increase in 3Q earnings to $247.5 million on better operating performance, boosted by contributions fro