CapitaLand unit secures first serviced residence in Xiamen

Portfolio in China increases to over 8,000 apartment units in 42 properties across 17 cities.

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has secured a contract to manage its first serviced residence in Xiamen.

Slated to open in late 2012, the 169-unit Citadines Jinshang Road Xiamen is the first international branded serviced residence in Xiamen, Fujian Province.

Mr Chong Kee Hiong, Ascott’s Chief Executive Officer, said: “China is Ascott’s fastest growing market. Besides the tier one cities, we see potential in other growth cities like Xiamen which is one of the five special economic zones in China. As a centre for commerce, international shipping and technological innovation, Xiamen has attracted investments from many multinational corporations such as DELL, Lenovo, Coca-Cola and ABB. Xiamen is also a leading city for trade fairs and a well-known tourist destination. As the first international branded serviced residence in Xiamen, Citadines Jinshang Road Xiamen will enjoy first mover advantage in catering to the strong demand for quality accommodation.”

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit