You are here

Ascott fund investing S$170.3m in Funan project's serviced residence

Amount includes S$90.5m for acquiring land from CapitaLand Mall Trust
Saturday, August 5, 2017 - 05:50

Ascott's fund with Qatar Investment Authority is developing the Singapore flagship of lyf brand on the Funan site for an estimated S$80 million.


THE Ascott Limited, CapitaLand's wholly owned serviced residence business unit, is investing S$170.3 million in the serviced residence component of the Funan integrated development. This will be done through its serviced residence global fund with Qatar Investment Authority (QIA

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom