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Who is New Vision, owner-developer of Ascott’s Shenton Way hotel and serviced apartment?

Jovi Ho
Jovi Ho • 6 min read
Who is New Vision, owner-developer of Ascott’s Shenton Way hotel and serviced apartment?
New Vision managing director Tong Yan says The Place ‘was our minor investor’, but the two entities are no longer linked. Photo: Albert Chua/The Edge Singapore
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The Ascott Limited welcomed Manpower Minister Tan See Leng to the Jan 26 groundbreaking ceremony of its upcoming Ascott Shenton Way Singapore, a 29-storey mixed-use development that is expected to be completed in 4Q2029.

Situated at 15 Enggor Street, formerly the site of the Realty Centre, the upcoming development will comprise 137 units, featuring a dual-format offering of 42 hotel rooms and 95 serviced apartments. It marks the maiden collaboration between owner-developer New Vision Holding and hospitality operator Ascott, the wholly owned lodging business unit of CapitaLand Investment.

Four others held shovels alongside Tan: the chairman of the main contractor behind the ongoing construction, Ascott’s chief design and technical officer, the managing director of New Vision, and Kwek Leng Peck, executive chairman of Hong Leong Asia.

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