Can Ascott Residence be the Airbnb of serviced residences?
SINGAPORE (Oct 14): Ascott Residence Trust (ART) could benefit from parent CapitaLand’s recent tie-up with Tujia, dubbed China’s answer to Airbnb, says UOB Kay Hian lead analyst Derek Chang in a Oct 14 report which has a “buy’ on ART with S$1.