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https://asia.nikkei.com/Business/Markets/Property/Singapore-s-CapitaLand-adds-D.C.-Dhaka-apartments-with-Oakwood-buy?utm_campaign=GL_asia_daily&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=1&pub_date=20220705123000&seq_num=14&si=44594 Singapore's CapitaLand adds D.C., Dhaka apartments with Oakwood buy Earnings driver Ascott gains 15,000 serviced units in 15 countries via deal Oakwood Worldwide carries 15,000 serviced apartments stretching from Southeast Asia and China to North America. (Photo from CapitaLand's website) TAKASHI NAKANO, Nikkei staff writerJuly 5, 2022 01:40 JST SINGAPORE -- CapitaLand Investment, one of Singapore's top real estate groups, will widen the reach of its serviced apartment business with an acquisition that adds 15,000 units across 15 countries. The group's lodging unit Ascott will buy Oakwood Worldwide from Mapletree Investments, a property arm of state investor Temasek, for an undisclosed price, CapitaLand said Monday. The transaction is expected to conclude by the end of September. The deal for Oakwood, a prominent brand in Asia, bolsters a segment that generates one-quarter of CapitaLand's earnings. With the end of coronavirus-related restrictions around the world opening the prospect of a recovery in business and tourism travel, CapitalLand is making its move. Ascott oversees 135,000 serviced apartments including properties under development. Oakwood will bring in thousands of midrange and high-end lodgings. The acquisition expands Ascott's portfolio by 11% to 150,000 units, adding 5,700 in Southeast Asia, 3,100 in China and 2,200 in Japan and South Korea. Oakwood also operates in areas where Ascott lacks a presence, such as the Chinese city of Qingdao, Dhaka and Washington, D.C. Lodging operations provided 26% of CapitaLand's 2.4 billion Singapore dollars ($1.71 billion) in earnings before interest, taxes, depreciation and amortization (EBITDA) for the fiscal year ended in December. The group has expanded its presence in this segment through acquisitions, including a 2018 deal for Indonesia's Tauzia Hotel Management. "There are significant synergies between Ascott and Oakwood, given our complementary footprint and product offerings," Kevin Goh, CapitaLand's chief executive for lodging, said in a news release. "We intend to build on the strong reputation and heritage of the Oakwood brand, especially in markets across Southeast Asia, North Asia and North America."

15 Capitaland Malls Like Funan & Plaza Singapura Offer Free Parking From Now Till Further Notice source: https://mustsharenews.com/capitaland-malls-free-parking/ 15 Capitaland Malls Have Free Evening Parking Until Further Notice People have stopped the mad panic about Covid-19, and life is going on as per normal, but malls are still empty as ever. With more people staying in rather than going out, retail has taken a huge blow. Even the once-packed Jewel Changi has become a ghost town. It seems like even Capitaland malls are having trouble drawing crowds, despite their convenient locations and wide range of shops. Perhaps that’s why they’ve begun to offer free parking at 15 of their malls. Free parking from now until further notice From 14 Feb, 15 Capitaland malls will have free parking at different times. Most of them are offering free parking in the early afternoon from 12pm, so it’s a good opportunity to drive down for lunch. Some of the malls even offer free parking in the evening too, like Junction 8 at Bishan and Plaza Singapura at Dhoby Ghaut. Now, you can take your time to browse the shops after dinner and not worry about burning a hole in your pocket just for parking. Here’s a table of the malls and the windows during which parking is free. Boost to retail and economy With financial experts predicting Covid-19 having a bigger impact on the economy than SARS, many retailers are worried about meeting their margins. It’s even possible that a recession is on the way, if this virus outbreak continues to hinder retail and tourism. Nevertheless, we have to remain calm and carry on. Until this blows over, stay hygienic and take necessary precautionary measures. Make the most of those business contingency plan “work from home” arrangements and these malls’ free parking to stretch your legs a little. Just because our country is suffering from a viral outbreak doesn’t mean our economy should suffer too.

This is a sad news for shoppers. With effect from 1st June 2016, DBS CapitaCard will be discontinued. https://www.dbs.com.sg/personal/cards/credit-cards/dbs-capitacard-visa-platinum-card Remb to cash out all the cash rebate and exchange the points with vouchers before 30 Apr. And those who always got use the privileged parking it will be cease on 31 May 2016 Not a shopper thou. Just to share for those who got affected.

does any one here have the golden orange carrier seen here http://www.tampinesmall.com.sg/promo/2012/jan/fof.jpg need it urgently... if have kindly contact mi at 91056770 thanks