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Ascott Reit acquires one-north site to build co-living property

Its bid of S$62.4m for the site was the highest of the four and nearly S$13m more than the second-highest bid

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An artist's impression of co-living property lyf one-north Singapore, to be developed by Ascott Reit.

Singapore

ASCOTT Residence Trust (Ascott Reit) has acquired a prime greenfield site at Nepal Hill in Singapore's research and innovation business hub one-north for S$62.4 million, the company announced on Thursday.

It plans to develop the 60-year leasehold site into the area's

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