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

Amount includes S$90.5m for acquiring land from CapitaLand Mall Trust

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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.

Singapore

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

sentifi.com

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