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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.
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.
Affordability is becoming a growing challenge for younger generations. Although they're often drawn to vibrant cities for their career opportunities and lifestyle perks, high housing costs make ...
Biden's political remark did not sit well with conservatives, who slammed him for using the opportunity to attack instead of merely honoring Carter's legacy -- and for having the audacity to speak ...
Like other Singapore malls which cater to a specific commercial market, the Fu Lu Shou Complex gathered together many tenants selling similar items; here tenants purvey items such as lucky stones and gems, ceramic religious icons, incense and so on.