The Ascott won management deal for a serviced residence in the Philippines
CapitaLand's serviced residence unit, the Ascott has clinched a contract to manage a serviced residence in the Philippines.
This will be the group's seventh such management deal there.
The 210-unit project is located in the business and financial district of Manila.
The Ascott says it expects strong demand for serviced residences in the Philippines with rising number of expatriates and business travellers.
It plans to manage ten properties in the country by 2015.
MORE BUSINESS NEWS
Latest Photo Galleries on xinmsn
Riot police on Wednesday clashed briefly with groups of anti-government protesters in two Turkish cities, but there was no fresh unrest in I... More Riot police on Wednesday clashed briefly with groups of anti-government protesters in two Turkish cities, but there was no fresh unrest in Istanbul nor the city of Izmir where demonstrators switched to silent protests after a heavy crackdown. Duration: 00:34
Date 6 mins ago, Duration 0:34, Views 0