CAPITALAND’S wholly owned serviced residence business unit, The Ascott, is investing S$170.3 million, through its serviced residence global fund with Qatar Investment Authority (QIA), in the serviced residence component of the Funan integrated development.

THE ASCOTT LTD, a unit of Singaporean real-estate company CapitaLand, has announced that it will open five properties in Thailand over the next 18 months as well as launch a new brand to appeal to younger guests.