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On 14 August 1984, Scotts Holdings opened The Ascott Singapore, the first international-class serviced residence in the Asia Pacific region. [2] The name “Ascott” was coined by Ameerali Jumabhoy to represent Scotts Road in Singapore [3] (where the first property was located at) and a nod to the famed British races at Ascot, due to the family's association with equestrian sports. [4]
The Ascott Limited, a wholly owned subsidiary of CapitaLand, opened The Ascott Singapore in 1984. In 2006, it established the world's first Pan-Asian serviced residence REIT, Ascott Residence Trust. Today, the company's serviced residence brands include Ascott, Citadines, Oakwood, lyf, Quest, Somerset and The Crest Collection. [38]
In 2004, The Ascott Group sold the entire building to Wheelock Properties (Singapore) (then known as Marco Polo Developments) for S$345 million. [1] but continued to manage the serviced apartments till 31 December 2006. The shopping mall, previously under the management of CapitaLand Retail, was transferred to Wheelock Properties.
The Singapore Municipal Commissioners were eventually convinced by Asia Insurance's technical adviser Dato Ronald Braddell, allowing for the building to rise 18 stories, at a height of 241 feet. The committee agreed that the proposed building would, by it majesty, beautify Singapore's waterfront, gaining indirect benefit from its advertisement.
After two years of annual gains north of 20% for the S&P 500 (), Wall Street strategists think 2025 will see a more measured year for stocks.. On Monday, BMO Capital Markets chief investment ...
According to a new study published in Neurology, poor sleep is linked to a higher risk of dementia. Neurologists explain the link—and how to prevent dementia.
Walmart, a major U.S. employer, offers free classes and training to employees to build their skills and work toward management roles. These include topics like business administration, logistics ...
Announced on 16 January 2020, CapitaLand has won a three-year tender for the integrated management of Bugis Village and adjacent Bugis Street. Under the management, CapitaLand plans to revamp the area. To enhance connectivity, a new link bridge connecting Bugis Street to Bugis+ to provide sheltered access from Bugis MRT station is currently ...