Ascott’s Lyf Brand Trailblazes With Three Properties In China And Singapore
CapitaLand"s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has secured contracts to manage its first three properties under its latest brand, lyf, in its two key markets – China and Singapore. This marks the launch of Ascott"s new co-living concept in China as Ascott seizes to capture the booming millennial market and shape the future of travel. Signifying a new way of living and collaborating as a community, Ascott is showcasing its first lyf property today, the 112-unit lyf Wu Tong Island Shenzhen which will open in the first half of 2018. The 120-unit lyf DDA Dalian is scheduled to open in end 2018 while lyf Farrer Park Singapore, the biggest of the three lyf properties with 240 units, is slated to open in 2021.