NOW almost wrapping up its 30th year of operation, Ascott today announced it has added 25 properties globally and opened 14 to date in 2014.
The group recently opened the 185-unit Ascott Kuningan Jakarta, which it acquired for S$90 milion (US$68.5 million) under a conditional agreement with Ciputra Adigraha.
A contract has also been secured from Canh Hung Hai Thanh Corporation for managing the 222-unit Ascott Waterfront Saigon. Located in Ho Chi Minh City, it will be the first Ascott-branded residence and its 13th property in the country when it opens in 2016.
Commenting on plans for the future, Lee Chee Koon, CEO, Ascott, said: “Globally, we have opened 14 properties with over 2,000 apartment units so far this year and will be opening Somerset Vientiane, our first serviced residence in Laos, on December 9. More properties such as Citadines LiZhiWan Guangzhou and Somerset Grandview Shenzhen will open before end-2014.
“We will continue to seek opportunities in key cities in Asia Pacific, Europe and the Gulf region to achieve our target of 80,000 apartment units worldwide by 2020.”
