Ascott launches third co-living property in Singapore
By Nadine Yong
/ EdgeProp Singapore |
March 18, 2022 12:08 PM SGT
lyf Farrer Park is Ascott's third co-living property in Singapore (Credit: lyf)
SINGAPORE (EDGEPROP) - CapitaLand Investment’s wholly owned lodging business unit, The Ascott has opened its third co-living property in Singapore, lyf Farrer Park Singapore. The 240-unit development is located close to Farrer Park MRT station.
This is Ascott’s sixth co-living property in Asia, following the recent launch of lyf one-north Singapore in January. It has since achieved an average occupancy rate of 80%, according to Norman Cross, head of lyf brand and general manager of lyf Singapore.
“With the launch lyf Farrer Park Singapore, our third lyf co-living property in Singapore, guests can look forward to an exciting and colourful experience in a central and accessible location within the cultural hub of the Little India neighbourhood,” says Cross.
The co-living development offers three apartment types, from studio units to two-bedroom apartments. It caters to “next-generation travellers,” “digital nomads and creative self-starters,” with an emphasis on fostering community experiences and curated programmes, according to the press release.
Ascott will be opening 12 more lyf properties worldwide by 2025.
Check out the latest listings near Farrer Park MRT Station
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