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Ascott wins contracts to manage first three lyf properties

PC Lee Published on Thu, Jun 15, 2017 / 6:39 PM GMT+8

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SINGAPORE (June 15): The Ascott, CapitaLand’s serviced residence business unit, has won contracts to manage its first three properties under its lyf brand in China and Singapore.

lyf Farrer Park Singapore, the biggest of the three properties with 240 units, is slated to open in 2021. The 112-unit lyf Wu Tong Island Shenzhen will open in the first half of 2018 while the 120-unit lyf DDA Dalian is scheduled to open in end 2018.

Lee Chee Koon, Ascott’s CEO, says: “Since Ascott unveiled the lyf brand in Singapore last November, we have received very strong interest in this new co-living concept designed by millennials for the growing wave of millennial and millennial-minded travellers, such as technopreneurs, startups and those in the creative industries.”