Ascendas Hospitality Trust is a stapled trust. The Trust comprises Ascendas Hospitality Real Estate Investment Trust and Ascendas Hospitality Business Trust established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate used predominantly for hospitality purposes located across Asia, Australia and NZ.
The latest developers’ new home sales data from Urban Redevelopment Authority (URA) showed a whopping 178.2% monthly increase in March 2016 to 843...