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Ascott REIT to build 324-unit coliving property at $62.4 mil one-north site

Property

Ascott REIT to build 324-unit coliving property at $62.4 mil one-north site

PC Lee Published on Thu, Sep 20, 2018 / 7:33 AM GMT+8

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SINGAPORE (Sept 20): Ascott Residence Trust (Ascott REIT) has acquired a prime greenfield site at one-north for $62.4 million to build its first co-living property.

To be named lyf one-north Singapore, the property will offer 324 units. It is slated to achieve Temporary Occupation Permit by 2020 and open in 2021.

The site is located at Nepal Hill, where there is a thriving research and innovation community comprising 400 companies, 800 startups and 50,000 professionals.

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