CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), continues to expand its global presence by opening its first serviced residences in Cyberjaya, Malaysia; Sri Racha, Thailand and Hai Phong, Vietnam.
Citadines DPulze Cyberjaya, Citadines Grand Central Sri Racha and Somerset Central TD Hai Phong City are the first international branded serviced residences in the respective cities. Ascott’s first foray into Malaysia’s Multimedia Super Corridor, the 203-unit Citadines DPulze Cyberjaya is its fifth property to open in Malaysia. The 136-unit Citadines Grand Central Sri Racha is Ascott’s 10th property in Thailand while the 132-unit Somerset Central TD Hai Phong City is its ninth property to operate in Vietnam.
In 2014, Ascott opened 17 properties and added 28 properties with over 4,800 apartment units to its global portfolio.
Globally, Ascott has another over 50 properties to be opened, of which more than 20 are slated to open this year in China, India, Indonesia, Korea, Malaysia, Philippines, Vietnam, Oman and Saudi Arabia.