Ascott inks deals to manage new properties in four Asian cities
Including its first residences in Yogyakarta and Miri.
Ascott, CapitaLand's wholly owned serviced residence business unit, has inked four contracts to manage over 850 units in four Asian markets.
The new management contracts mark Ascott’s first property in the cities of Yogyakarta, Indonesia and Miri, Malaysia.
Ascott has also secured a property in Binh Duong province (Vietnam) and added a second serviced residence in Seoul, which is its third in South Korea.