On Aug 4, Low Keng Huat (Singapore) announced that its wholly-owned units, Balestier Tower and Perumal Development, had entered into separate serviced residence agreements with The Ascott.

This means Ascott will manage Balestier Tower, which will be branded as the 166-unit Citadines Balestier (below), as well as Perumal Development’s serviced residence at Farrer Park, which will be branded as the 240-unit lyf Farrer Park Singapore. The latter will also have residential and retail components.

Both properties are slated to open in 2021.

Source: Ascott