SINGAPORE, April 18 (Reuters) - Southeast Asia's largest property developer CapitaLand said on Monday its serviced residence arm, the Ascott Limited, has won a contract to manage a brand of serviced apartments in Macau.
The serviced residence, which will be named Ascott Paragon Macau and will open in 2014, marks Ascott's first foray into Macau, it said in a statement.
"With the high rate of growth in China, we expect more expatriates and business travellers to Macau as more international companies," said Lim Ming Yan, Ascott's chief executive officer.
Ascott has about 6,600 apartment units in 36 properties across 16 cities
Posts
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
-
One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 week ago
No comments:
Post a Comment