The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), together with Warees investments Pte Ltd (Warees), announced their 2nd strategic partnership at the signing ceremony of lyf Chinatown Singapore. This event took place during the groundbreaking ceremony of Jamae Chulia Heritage, which was graced by Mr. Masagos Zulkifli, Minister for Social and Family Development, Second Minister for Health, and Minister-in-charge of Muslim Affairs alongside distinguished guests and key stakeholders.
Ascott’s strategic partnership with Warees began in 2004 with the launch of Somerset Bencoolen Singapore. In 2019, Somerset Bencoolen Singapore underwent renovations to enhance the property, providing a refreshing update. This 20-year strategic partnership has now been strengthened with the signing of lyf Chinatown Singapore, further solidifying the collaboration.
Commissioned by Warees through WJC Heritage Pte Ltd and managed by The Ascott Limited, lyf Chinatown Singapore which spans 3,394 sqm is the 5th property in Singapore under the lyf brand. Slated to open in mid-2026, lyf Chinatown Singapore will comprise 90 accommodation units along with social spaces such as coworking lounge ‘Connect’, social kitchen ‘Bond’, launderette ‘Wash & Hang’, gym ‘Burn’, roof top swimming pool ‘Dip’ as well as outdoor courtyard and terrace.