Ascott clinches contracts to manage five more properties in China

It now has over 12,000 units in the Mainland.

Capitaland’s wholly-owned serviced residence business unit, The Ascott Limited, today revealed that it has secured contracts to manage five more properties with 1,000 apartment units in Yinchuan, Changsha, Shenyang and Xi’an.

The 200-unit Citadines Xingqing Yinchuan, 150-unit Somerset Xingqing Yinchuan and 164-unit Somerset Riverside Changsha mark Ascott’s maiden foray into the cities of Yinchuan and Changsha.

Ascott also plans to open its second property in Shenyang – the 330-unit Somerset Olympic Centre Shenyang in 2015, and Ascott’s fifth property in Xi’an – the 156-unit Somerset Xindicheng Xi’an in 2016.

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