CapitaLand

Wholly-owned serviced residence business unit, The Ascott Ltd, launched its first serviced residence property in Chengdu - the 200 unit Somerset Riverview Chengdu. This follows the opening of Ascott Huai Hai Road Shanghai last month, while another 4 new properties in China are slated to open later this yr. Mgt reiterates its plans to double its network in China to 12k apartment units by 2015.