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Tag Archives: Ascott

Ascott Reit sells Raffles Place property for S$134m net gain

Thu, Jan 10, 2019 – 5:50 AM Singapore PRIVATE investor Cheong Sim Lam, whose family developed International Plaza and the Hyatt Regency Singapore, snapped up Ascott Reit’s serviced apartment building Ascott Raffles Place Singapore for S$ 353.3 million. The sale price is some 64.3 per cent above the property’s latest valuation of S$ 215 million as at Dec 31 2018. ...

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Cheong Sim Lam buys Ascott Raffles Place Singapore for S$353.3 million

Wed, Jan 09, 2019 – 6:27 PM PRIVATE investor Cheong Sim Lam, whose family developed International Plaza and the Hyatt Regency Singapore, has acquired Ascott Reit’s Ascott Raffles Place Singapore for S$ 353.3 million. The 20-storey conserved building with 146 serviced apartments is located at 2 Finlayson Green, and has a 999-year lease. Mr Cheong developed several residential projects … The Business Times

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Ascott to manage builder Ciputra's serviced residences in Indonesia, China over next 5 years

Mon, Nov 19, 2018 – 1:03 PM CAPITALAND’S serviced residence arm, The Ascott, has formed a strategic alliance with Indonesian property developer Ciputra Development Group, under which Ascott will manage serviced residences to be developed by the latter in Indonesia and China over the next five years. The first property, the 253-unit Citadines Sudirman Jakarta, will open in 2021. The alliance was ...

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Ascott to boost presence with Ciputra alliance

Singapore CAPITALAND’S serviced residence arm, The Ascott, has formed a strategic alliance with Indonesian property developer Ciputra Development Group that will boost Ascott’s pipeline as it manages serviced residences to be developed by Ciputra in Indonesia and China over the next five … The Business Times

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Ascott Reit buys prime greenfield site for S$62.4m to build first co-living property in one-north

Thu, Sep 20, 2018 – 8:07 AM ASCOTT Residence Trust (Ascott Reit) has acquired a prime greenfield site at Nepal Hill in Singapore’s research and innovation business hub one-north for S$ 62.4 million, the company announced on Thursday morning. It plans to develop the 60-year leasehold site into a co-living property managed by the Reit’s (real estate investment trust) sponsor, ...

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Ascott Reit's DPU up 9% to 1.28 Singapore cents for Q1

Wed, Apr 18, 2018 – 8:10 AM ASCOTT Residence Trust (Ascott Reit) saw distribution per unit (DPU) rise 9 per cent to 1.28 Singapore cents for the first quarter ended March 31, after adjustment for one-off items, in results released on Wednesday. This was up from the restated DPU of 1.17 Singapore cents in the same period a year before, ...

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