64
Ascott Residence Trust
Annual Report 2015
China
Ascott Reit owns 10 leasehold serviced residences
across China in Beijing, Dalian, Guangzhou, Shanghai,
Shenyang, Suzhou, Tianjin, Wuhan and Xi’an. The
180-unit Citadines Biyun Shanghai is located within
the Jinqiao Export Processing Zone; the 168-unit
Somerset Xu Hui Shanghai is in the exclusive Xu Hui
residential district; the 185-unit Somerset Olympic
Tower Property Tianjin is situated in Heping district,
the city’s prime commercial, entertainment and
residential area; the 207-unit Ascott Guangzhou
lies within the Tianhe Central Business District; the
270-unit Somerset Heping Shenyang lies in Heping
district, the heart of Shenyang’s main commercial
and shopping district; the 167-unit Citadines Xinghai
Suzhou is located within the West Jinji Lake Central
Business District of the Suzhou Industrial Park; the
195-unit Somerset Grand Central Dalian is situated in
the Dalian Development Area; the 251-unit Citadines
Gaoxin Xi’an is located in the Xi’an High-Tech
Properties
10
Units
1,939
Total Revenue (2015)
S$69.9 million
Total Gross Profit (2015)
S$18.7 million
Valuation as at
31 December 2015
S$803.4 million
Somerset Xu Hui Shanghai
Operations Review
