Ascott to operate two Citadines serviced residences in Singapore
By Angela Teo
/ EdgeProp |
The Ascott, a wholly-owned unit of CapitaLand, is set to operate two new Citadines-branded serviced residences in Singapore: at the Golden Shoe Car Park redevelopment at Raffles Place and the redevelopment of The Verge in Rochor.
Comprising more than 600 units in total, the two new serviced residences will be the Ascott’s two largest properties in the city state. These two new additions will bring the Citadines-branded portfolio to five properties with a total of 989 units in Singapore, says Ervin Yeo, Ascott’s regional general manager for Singapore and Malaysia.
The 299-unit Citadines property in Raffles Place will comprise studio apartments (75% of rooms) as well as loft studios, and one- and two-bedroom apartments. Located within walking distance of the Raffles Place MRT station, the eight-storey serviced residence is scheduled for completion in 1H2021.
Credit: Ascott
At Citadines Rochor Singapore (above), about 80% of the 320 units will be studio apartments; the remaining will be one-bedroom and loft apartments. Located within walking distance of the Rochor MRT station, the property is scheduled to open in 2020.
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