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Ascott signs management contract

Update: December, 12/2014 - 08:46

Somerset Vientiane

HCM CITY (VNS) — The Ascott, a serviced residence business affiliate of CapitaLand, a property developer of Singapore, signed a contract with M.I.K Corp yesterday to manage a 222-unit project of the latter's company, the Canh Hung Hai Thanh in HCM City's District 1.

The property will be the first Ascott-branded serviced residence in Viet Nam when it opens in 2016. Along with other apartment projects in the country, CapitaLand also has another serviced management brand, the Somerset in Ha Noi, which opened in 1994 and later in HCM City as well. — VNS

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