Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • Bitcoin USD

    63,968.58
    -676.87 (-1.05%)
     

  • CMC Crypto 200

    1,328.16
    -68.38 (-4.90%)
     

  • S&P 500

    5,110.51
    +62.09 (+1.23%)
     

  • Dow

    38,312.63
    +226.83 (+0.60%)
     

  • Nasdaq

    15,959.24
    +347.48 (+2.23%)
     

  • Gold

    2,351.30
    +8.80 (+0.38%)
     

  • Crude Oil

    83.86
    +0.29 (+0.35%)
     

  • 10-Yr Bond

    4.6750
    -0.0310 (-0.66%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

CapitaLand Secures Five New Contracts In New Destinations

Shares Investment

CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has made its first foray into the popular destinations of Cebu, the Philippines and Pattaya, Thailand by securing five new contracts to manage 875 apartment units.

With 14 management contracts signed in Southeast Asia this year, Ascott has added over 2,700 serviced residence units in the region; more than triple the amount of units added in the same region for FY14.

The new management contracts in Cebu and Pattaya will strengthen Ascott’s position as the largest international serviced residence owner-operator in the Philippines and Thailand. Ascott has more than 1,600 units in eight serviced residences and 2,800 units across 16 properties respectively in the two countries.

Citadines Cebu City is slated to open in 2019 while the four new properties in Thailand – Citadines North Pattaya, Citadines Central Pattaya, Citadines Jomtien Beach Pattaya and Somerset Wong Amat Beach Pattaya – will be ready to welcome guests from 2018 onwards.



More From Shares Investment: