>

>

Serviced residences form bulk of Ascott’s new signings in 2021

By Charlene Chin

/ EdgeProp Singapore |

January 12, 2022 3:20 PM SGT

New properties opened by Ascott last year included Ascott’s first Adoor-branded rental housing property, Adoor Apartment Heda Hangzhou (Xiasha) (Credit: CapitaLand)

SINGAPORE (EDGEPROP) - The Ascott says it has secured 15,100 units across 72 properties globally last year, with serviced residences comprising the bulk of its new signings at over 60%.

Read also: CanningHill Piers chalks up 77% sales worth over $1.18 bil

In 2021, it launched over 8,200 units in 40 properties across 25 cities and 10 countries, more than double the units opened in 2020. New properties opened last year included Ascott’s first Adoor-branded rental housing property, Adoor Apartment Heda Hangzhou (Xiasha), and its first lyf-branded co-living property, lyf Mid-Town Hangzhou, in China.

“More than 80% of the new units secured in 2021 were under management and franchise contracts, in line with Ascott’s asset-light growth strategy,” says Kevin Goh, CapitaLand Investment’s CEO for lodging. Ascott is a wholly owned lodging business unit of CapitaLand Investment.

“We also opened a record number of units in 2021, readying ourselves for the recovery of travel in 2022. The newly signed and opened properties will be a welcome boost to our recurring fee income, as we build on this momentum to meet our target of 160,000 units globally by 2023,” he adds.

Tags:

Ascott CapitaLand

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

UOL and CapitaLand to acquire Thomson View Condo for $810 mil

2

Emerald of Katong draws 10,000 as crowds surge at project sales galleries during Deepavali weekend

3

Is it a Good Deal?: A freehold three-bedroom in D9 sold for $3.27 million, making a $2.03 million profit

4

Chuan Park attracts 5,000 visitors on first day of preview

5

Executive Condo launches in the pipeline to test new highs of $1,700 psf

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00