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CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited, has won the prestigious Golden Dragon Award for Best Serviced Residence. The Golden Dragon Award honours top foreign direct investment enterprises that have made significant contributions to Vietnam's economic development, and recognises outstanding achievements in brand, service and management excellence. This is the sixth year that Ascott has garnered the Golden Dragon Award.

Winners of the annual Golden Dragon Award are selected based on votes by readers of Vietnam Economic Times magazine and the organising board under stringent criteria. The board consists of leaders from key public agencies such as Ministry of Planning and Investment, Ministry of Trade, Ministry of Finance, State Bank of Vietnam, Union of Vietnam Scientific and Technological Associations and Vietnam Economic Times.

Besides the Golden Dragon Award for Best Serviced Residence, Ascott's Somerset Chancellor Court serviced residence in Ho Chi Minh City, has been recognised for its contribution to the city's development with the Certificate of Merit – Excellent Achievement in 2012 granted by the Chairman of the Ho Chi Minh City People's Committee.

Mr Graham Black, Ascott's Country General Manager for Vietnam, said: "Ascott pioneered the serviced residence industry in Vietnam in 1994 with the opening of Somerset West Lake Hanoi. Today, we are the country's largest international serviced residence owner-operator with over 1,800 apartment units across 13 properties in four cities. We could not have achieved our growth without local support. Therefore, we strongly believe in giving back to the community where we operate. Our staff and residents are regularly involved in community and environmental initiatives that aim to make a positive difference locally. These awards inspire us to do even more in defining global living as we continue to seek opportunities to expand our presence in the country."

Beyond catering to the needs of expatriates and travellers in Vietnam, Ascott has embarked on various special projects – donating school supplies to underprivileged children from the Thien Duyen Orphanage and Society Patronage Centre and students from Tan Hung A Primary School, as well as planting trees in Soc Trang Province and Ba Vi National Park to stem soil erosion affecting the local community. Ascott also organises blood donation drives and a monthly Ascott Earth Day at its serviced residences.

At Ascott, its premium serviced residences combine prime location, space, comfort and privacy with excellent amenities and personalised services with a local touch. In Vietnam, guests can experience Ascott's award-winning hospitality at four properties in Ho Chi Minh City – Somerset Chancellor Court, Somerset Ho Chi Minh City , Somerset Vista and Vista Residences, and four properties in Hanoi – Somerset Grand Hanoi, Somerset Hoa Binh, Somerset West Lake and Hoa Binh Green. The company will also be opening more properties in Vietnam over the next few years. These properties are Diamond Island Residences in 2013, Somerset Central TD Hai Phong City in 2014, Somerset Danang Bay and Diamond Island Luxury Residences in 2015 and Somerset West Central Hanoi in 2016.

For reservations or more information, please visit www.somerset.com, call (84-4) 3934 2342 (Hanoi) / (84-8) 38228899 (Ho Chi Minh City), or email [email protected] / [email protected].

About The Ascott Limited

Since pioneering Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984, Ascott has grown to be a trusted hospitality company with more than 940 properties globally. Headquartered in Singapore, Ascott's presence extends across more than 220 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.

Ascott's diversified accommodation offerings span serviced residences, co-living properties, hotels and independent senior living apartments, as well as student accommodation and rental housing. Its award-winning hospitality brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Preference, Fox, Harris, POP!, Vertu and Yello; and it has a brand partnership with Domitys. Through Ascott Star Rewards (ASR), Ascott's loyalty programme, members enjoy exclusive privileges and offers at participating properties.

A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically-integrated lodging operator. Harnessing its extensive network of third-party owners and in-market expertise, Ascott grows fee-related earnings through its hospitality management and investment management capabilities. Ascott also expands its funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.

For more information on Ascott's industry record of 40 years and its sustainability programme, please visit www.discoverasr.com/the-ascott-limited. Connect with us on Facebook, Instagram, TikTok and LinkedIn.

About CapitaLand Investment Limited

Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. As at 30 September 2023, CLI had S$133 billion of real estate assets under management, and S$90 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and more than 30 private vehicles across Asia Pacific, Europe and USA. Its diversified real estate asset classes cover retail, office, lodging, business parks, industrial, logistics and data centres.

CLI aims to scale its FUM and fee-related earnings through fund management, lodging management and its full stack of operating capabilities, and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand's development arm.

As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.

Visit http://www.capitalandinvest.com/ for more information.

Tan Hock Lee
Manager, Corporate Communications
(65) 6823 3266
The Ascott Limited