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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]
On 11 April 2022, The Ascott Limited officially opened the 324-unit lyf one-north Singapore. Split across two buildings, the property comprises a hotel, serviced residences, and co-living services. Featuring a seven-storey mural art on one of its external walls, lyf one-north Singapore houses the tallest art wall in Singapore. [30]
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.
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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.
Bugis (Kampong Bugis in Malay) is an area in Singapore that covers Bugis Street, now located within the Bugis Junction shopping mall. [ 1 ] [ 2 ] Bugis Street was renowned internationally from the 1950s to the 1980s for its nightly gathering of transvestites and transsexuals , a phenomenon which made it one of Singapore's most notable ...
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 ...