World domination: Ascott to launch 20 properties around the globe this year

More than its new launches in 2014.

The Ascott Limited is still on the fast track of global expansion, as it is slated to achieve a target of 40,000 apartment units worldwide by end of this year and 80,000 units by 2020.

Recently, Ascott opened its first properties in Cyberjaya, Sri Racha and Hai Phong to cater to the increasing demand from multinational companies that are setting up base in these growing cities.

Lee Chee Koon, Ascott’s CEO, says, “Last year, we opened 17 properties and added 28 properties with over 4,800 apartment units to our global portfolio. Besides expanding through acquisitions, management contracts and leases, we secured our first franchises in Vientiane and Bali. We also formed strategic alliances in China and Australia to accelerate Ascott’s growth.”

Lee adds, “Globally, we have 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.”

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

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