THE Ascott Limited, a subsidiary of Singapore-based real estate giant CapitaLand, will open seven high-end serviced residence properties in the Philippines over the next six years, including one in Ortigas this quarter, the company said in an update on its ongoing projects.
The Philippine projects are part of Ascott’s portfolio of more than 270 properties either completed or under development in 101 cities in 29 countries. The properties in the Philippines will be under Ascott’s Citadines and Somerset brands, and will comprise 1,826 luxury units of various sizes.
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