lyf Bugis Singapore to be unveiled mid-2024

January 9, 2024

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lyf Bugis Singapore — Photograph by CapitaLand Funding

The Ascott Restricted (Ascott), a lodging enterprise unit wholly owned by CapitaLand Funding (CLI) and CapitaLand Wellness Fund(C-WELL), have collectively acquired a freehold lodging property in Singapore. Ascott and C-WELL every holds a 50% stake within the lodging property.

That is C-WELL’s first acquisition since asserting its first shut in end-October 2023. C-WELL is CLI’s inaugural wellness and healthcare-related actual property fund anchored in Southeast Asia. The worth-add fund will focus initially on Singapore, Thailand and Malaysia. With a goal fund dimension of S$1 billion on an upsized choice, C-WELL will spend money on single or mixed-used property that span the healthcare, medical, wellness and preventive care spectrum.

Positioned in Singapore’s downtown core district inside strolling distance to each Bugis and Bencoolen MRT practice stations, the 308-unit property can be upgraded and rebranded underneath Ascott’s award-winning lyf (pronounced ‘life’) model as demand for experience-led social dwelling grows. The property will stay operational all through the renovation interval and be unveiled as lyf Bugis Singapore in mid-2024.

lyf Bugis Singapore will deal with well being and energetic wellness, providing a variety of facilities together with shared areas and eating choices that present alternatives for social interplay, and health amenities that allow visitors to remain wholesome whereas on the go. In-house wellness actions curated by the property’s Ambassador of Buzz is not going to solely encourage significant engagement amongst visitors, but in addition search to drive mindfulness for people. A complete suite of telehealth, telecounselling and journey safety advisory companies can be out there to visitors at lyf Bugis Singapore as a part of Ascott CARES dedication to enhance the general wellness of its visitors. Partnerships with healthcare and wellness operators are additionally being deliberate to supply visitors quick access to medical companies.

lyf Bugis Singapore is ready to be a green-certified property. The property will embody sustainability options similar to a room occupancy detection system and an upgraded cooling system. The property is predicted to acquire the Inexperienced Mark Gold^PLUS certification from Singapore’s Constructing & Building Authority.

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