Ascott Continues To React Out To Underprivileged Children And Spread The Green Message

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The Ascott Limited’s (Ascott) serviced residences in Ho Chi Minh City – Somerset Chancellor Court and Somerset Ho Chi Minh City – have continued to reach out to a group of over 400 underprivileged children of Tan Hung A Primary School.

We believe that education is the best gift we can offer the children. This is the fourth year we have partnered with Tan Hung a Primary School to support the children’s educational needs.

The Ascott Limited’s (Ascott) serviced residences in Ho Chi Minh City – Somerset Chancellor Court and Somerset Ho Chi Minh City – have continued to reach out to a group of over 400 underprivileged children of Tan Hung A Primary School. The school is located in Long Phu, Soc Trang province, about 250km southwest of Ho Chi Minh City. In a recent visit to the school, Ascott’s staff donated over 700 new books to its library and presented the children with school bags and stationeries.

Mr Manabu Komatsu, Ascott’s Director of Sales & Marketing for Ho Chi Minh City, said: “We believe that education is the best gift we can offer the children. This is the fourth year we have partnered with Tan Hung A Primary School to support the children’s educational needs. In 2008, we donated a water purifier to the school so that the children can have safe drinking water.”

Mr. Bui Duyên Hồng, President of The Study Encouragement of Long Phu, Soc Trang province, said: “Ascott’s contribution has made a big difference to the lives of the children from low-income families. The support from Ascott has provided the children greater access to education and a better study environment.”

Besides reaching out to underprivileged children, Ascott has also sponsored and taken part in an initiative to grow two hectares of mangrove forest at the Thanh Tri, Nga Nam District. In recent years, the destruction of the mangrove forest has been associated with storms that caused on average VND1.5 trillion to VND5 trillion in damages each year.

“This initiative not only enables Ascott to do our part for the environment by combating global warming and protecting the biodiversity of the forest; it also spreads the green message among our staff who will be involved in planting the trees,” said Mr Komatsu.

About The Ascott Limited

The Ascott Limited is the world’s largest international serviced residence owner-operator with over 22,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as about 6,000 units which are under development, making a total of more than 28,000 units.

The company operates three brands – Ascott, Citadines and Somerset. Its portfolio spans over 70 cities across 20 countries, 14 of which are new cities in Ascott’s portfolio where its serviced residences are being developed.

Ascott, a wholly-owned subsidiary of CapitaLand Limited, is headquartered in Singapore. It pioneered Asia Pacific’s first international-class serviced residence in 1984. In 2006, it established the world’s first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts a 27-year industry track record and serviced residence brands that enjoy recognition worldwide.

Recent awards include DestinAsian Readers’ Choice Awards 2011 ‘Best Serviced Residence in Asia Pacific’, TTG China Travel Awards 2011 ‘Best Serviced Residence Operator in China', Business Traveller UK Awards 2010 ‘Best Serviced Apartment Company’, Business Traveller Asia-Pacific Awards 2010 ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence in Asia-Pacific’ and TTG Travel Awards 2010 ‘Best Serviced Residence Operator’.

About CapitaLand Group
CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, the multi-local company’s core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and Europe.

The company’s real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries. CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.

The listed entities of the CapitaLand Group include Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail China Trust, CapitaMalls Malaysia Trust and Quill Capita Trust.

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Joan Tan
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