SINGAPORE (Oct 13): CapitaLand’s wholly owned lodging business unit, The Ascott, has partnered Sun Group, one of the biggest real estate developers in Vietnam, to manage Vietnam’s largest serviced residence integrated development, it announced.
SINGAPORE (June 22): The Ascott Ltd (Ascott), the wholly-owned lodging business unit of CapitaLand Ltd, has expanded its presence in Paris, France; and Hanoi, Vietnam, by acquiring two properties for about S$210 million (RM647 million), reported The Edge Singapore.
PETALING JAYA (Nov 29): The first Ascott-branded serviced residence – Ascott Gurney Penang is set open in 4Q2021.
KUALA LUMPUR (Oct 1): Naza TTDI Sdn Bhd, the property arm of Naza Group, is partnering international lodging owner-operator Ascott Ltd for a 262-unit high-end serviced apartment building in KL Metropolis here, which has a gross development value (GDV) of RM333 million.
PETALING JAYA: The Ascott Ltd (Ascott), CapitaLand’s wholly-owned lodging business unit is striving to become the largest hospitality management company in Malaysia – one of its key markets in the Southeast Asian region.
PETALING JAYA (April 10): The Ascott Ltd (Ascott), CapitaLand’s wholly owned lodging business unit, is bringing its co-living “lyf” brand to Kuala Lumpur to ride on the growing community living culture among millennials.
Rented for: RM68,000 per month Concluded by: Sean Inn of Propstar Realty 012-2876 600 (REN 18479) When: June 2018 Noteworthy: ● Total built-up of 26,270 sq ft ● Four floors including a roof floor ● Comes with basement car park ● Rental started in July 2018 ● Comes with an elevator According to Propstar Realty senior negotiator Sean Inn, who concluded the rental deal, the corner bungalow lot was recently rebuilt from scratch and completed in September last year.