Monthly Archives: August 2009

Global leader in serviced residence industry

Posted on 4 Aug 2009 | Comments Off on Global leader in serviced residence industry

Ascott plans to expand its presence through management contracts and selective investments in the Asia-Pacific, Europe and the Gulf region

HOMEGROWN serviced residence firm The Ascott Group has come a long way since it was set up 25 years ago. In 1984, Ascott pioneered the serviced residence concept with one property each in Singapore (The Ascott Singapore) and France (Citadines La Defense). But over the past 25 years, Ascott has grown to be the world’s largest serviced residence owner-operator, with 25,000 units in 66 cities in 22 countries. Ascott currently has 190 properties in the Asia-Pacific, Europe and the Gulf region. Continue reading →

Comments Off on Global leader in serviced residence industry

Posted in Service Apartments

Tagged ,

The two Singaporean real estate funds to buy now

Posted on 4 Aug 2009 | Comments Off on The two Singaporean real estate funds to buy now

By Cris Sholto Heaton

Back in March, I wrote about the outstanding opportunities the global panic was creating in the Singapore Reit sector: It’s time to get back into property – Asian property.

At the time, fears that the credit crunch would make it impossible for many of them to refinance had hammered the sector to the point where almost every Reit sported a double-digit yield. This looked like an outstanding opportunity: the best of the bunch were very attractive income plays, with the bonus of the inflation protection that comes through owning real estate.

This turned out to be one of my better short-term calls. The sector is up an average 88% since, beating the local Straits Times Index (80%) and thrashing the FTSE (30%). I know from my emails that some of you bought into the sector Continue reading →

Comments Off on The two Singaporean real estate funds to buy now

Posted in Funds

Tagged , ,