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In the next five years, The Ascott Limited – the lodging business unit of Capitaland Investment – aims to double its fee revenue to more than USD500 million, off a base of USD258 million achieved in FY2022, which is its highest earnings on record. This growth was buoyed by robust signings and property openings, with the business having already achieved its target of securing 160,000 units by 2023 with the signing of over 4,000 new units in 1QFY2023.

Units span serviced residences, hotels, co-living and senior living brands that are positioned in the mid to luxury range. The fee revenue will be augmented by an anticipated growth rate of 8-10% annually over the next five years, driven by both new property openings and new signings.

CEO of Ascott and Capitaland Investment (CLI) Lodging, Kevin Goh, was optimistic, noting that “Ascott has doubled in units every five years, growing from about …

, The Star Vista mall, and the Greater Southern Waterfront on EdgeProp.sg
Over the past three days since its sales gallery opened on April 14, Blossoms By The Park has attracted 4,000 visitors, mostly locals, according to EL Development’s Managing Director Lim Yew Soon.

Set in one-north, the 275-unit private condo includes a mix of one- to four-bedroom units. Prices for its units start from $1.291 million for the one-bedroom-plus-study unit, $1.499 million for a two-bedroom, and from $1.585 million for a two-bedroom-plus-study. Three-bedroom dual-key units come in from $2.082 million, while three-bedroom units begin from $2.279 million. For the four-bedroom units, they start at $2.921 million, with four-bedroom premium units being from $3.335 million.

The launch is scheduled on April 29 and according to SRI Managing Partner Ken Low, the estimated average sale price will lie in the range of $2,350 to $2,400 psf. The project, mainly ideal for …