CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has secured contracts to manage six properties with more than 1,200 apartment units in China.

The new properties will be in Changsha, Shenzhen, Tianjin, and Wuhan, where it already has a presence, and in Handan and Xuzhou, where it is extending its services. Ascott is also preparing to open more than 30 properties worldwide this year, of which 16 will be in China.

In China, The Ascott already has more than 17,300 units in 96 properties across 27 cities.

(Pictured: The Ascott in Changsha)