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Ascott Residence Trust
Annual Report 2015
Operations Review
Singapore remains a key and significant market
in Ascott Reit’s portfolio. Ascott Reit owns three
leasehold properties in Singapore. The flagship
146-unit Ascott Raffles Place Singapore, a heritage
building carefully restored to present a distinct
residential experience, remains immensely popular
among the corporate customers in the Central
Business District. The 197-unit Somerset Liang Court
Property Singapore, located close to the lively dining
and entertainment hub of Clarke Quay, is a choice
accommodation for families and corporate groups
alike. The stylishly designed 154-unit Citadines Mount
Sophia Property Singapore, a short walk away from
bustling Little India and a vibrant art community, is a
great location for the traveller looking for a balance of
tradition amidst modernity.
The average length of stay at the Singapore properties
is about three months.
Ascott Raffles Place Singapore
Properties
3
Units
497
Total Revenue (2015)
S$35.2 million
Total Gross Profit (2015)
S$18.1 million
Valuation as at
31 December 2015
S$568.0 million
Singapore
