>

>

Ascott to expand footprint in Singapore with 4 property openings by end 2019

By Samantha Chiew

/ The Edge Singapore |

September 2, 2019 1:44 PM SGT

SINGAPORE (EDGEPROP) - Ascott Limited, CapitaLand’s wholly-owned lodging business unit, is about to be the largest serviced residence operator in Singapore with a record number of openings this year as well as the signing of its first Citadines Connect business hotel.

Including Citadines Connect City Centre Singapore, which was secured under a franchise agreement, the group’s portfolio would increase to more than 3,100 units across 17 properties in Singapore.

Ascott on Monday announced it is launching four properties in Singapore this year, adding 846 units to the lodging scene. The properties to open this month are lyf Funan Singapore, followed by Citadines Balestier Singapore and Ji Hotel Orchard Singapore. Citadines Rochor Singapore is expected to open in December.

To meet rising demand for short-stay accommodation, lyf Funan Singapore, Ji Hotel Orchard Singapore and Citadines Rochor Singapore will have the flexibility of taking in daily stays under full hotel licenses.

This article - Ascott to expand footprint in Singapore with 4 property openings by end 2019 is originally from TheEdgeSingapore.com

Read also:

Ascott REIT to acquire, rebrand Felix Hotel as Citadines Connect Sydney Airport

Ascott expands global presence with 26 more properties

Ascott Residence Trust upgraded to 'buy' amid coronavirus uncertainty: Phillip Securities

Tags:

Ascott CapitaLand Citadines Connect lyf Lyf Funan Citadines Balestier Ji Hotel Orchard Citadines Rochor The Edge

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Record-breaking 1,000 HDB resale flats hit $1 mil in 2024

2

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Is it a Good Deal?: A duplex penthouse in Sentosa sold for a loss of $1.93 million

5

10 best-selling new private residential projects of 2024

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00