Prestigious and pampering, Ascott The Residence lavishes business travellers with discreet service in plush refinement. Located in the prime business districts in key cities across Asia Pacific and Europe, we keep your business engagements in sight while indulging you in elegant living and unmatched personal service. At Ascott The Residence, you can mix business with pleasure.
Mr Lee Chee Koon, Ascott's Chief Executive Officer, said: "China remains Ascott's biggest market and we are excited to be surpassing our 100th property milestone in China this year. Chinese are amongst Ascott's top customers at our properties globally with revenue surging by 35% year-on-year.
CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), is geared up to open Ascott Marunouchi Tokyo - the first luxury serviced residence in Japan under the premier Ascott The Residence brand on 30 March 2017.
Singapore -- CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), races ahead by securing contracts to manage six properties with more than 1,200 apartment units in China, on the back of record growth last year.
CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), continues to extend its footprint in the Middle East to capture a bigger share of the market, by clinching contracts to manage another three properties in Saudi Arabia, including its first in the Islamic holy city of Makkah.
CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott) has unveiled two Citadines properties in Hong Kong. With the opening of the 52-unit Citadines Harbourview Hong Kong and the newly-rebranded 55-unit Citadines Mercer Hong Kong, Ascott's presence in the city has expanded to more than 300 units in prime locations across Hong Kong Island and Kowloon.
CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), has secured seven new properties with 1,714 units across seven cities in Asia - Karawang in Indonesia; Putrajaya in Malaysia; Danang in Vietnam; Tokyo in Japan; and Changsha, Shanghai and Shaoxing in China.
CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), has continued its strong growth in the Middle East by inking contracts to manage its first two serviced residences in Al Khobar, one of the main metropolitan cities in Saudi Arabia's oil-rich Eastern Province.
CapitaLand's wholly-owned serviced residence business unit, The AscottLimited (Ascott), celebrates the successful grand opening of Hotel Pravo Hong Kong on 1 December 2015. Media, dignitaries and business executives gathered at the roof top garden to celebrate the occasion while enjoying the magnificent night view of Victoria Harbour.
Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: "Real estate is a capital intensive business and fund management is central to the active capital management strategy of CapitaLand as a dominant real estate player.
Embarks on most expansive growth with 18 properties added into global portfolio in the last five months Secures 10 new contracts in month of May to manage over 2,000 units in China, Indonesia, Thailand and OmanCapitaLand Limited's wholly owned serviced residence business unit, The Ascott Limited (Ascott), has achieved its target of 40,000 apartment units globally ahead of its planned schedule of end 2015.
