Singapore, 22 August 2024 - The Ascott Limited (Ascott), a lodging business unit wholly owned by CapitaLand Investment (CLI), announced the grand opening of lyf Bugis Singapore today. This marks lyf’s fourth property and the first wellness-focused lyf property in Singapore. lyf Bugis Singapore is jointly owned by two private funds under CLI, CapitaLand Ascott Residence Asia Fund II (CLARA II) and CapitaLand Wellness Fund (C-WELL). Located in Singapore’s downtown core district within walking distance to Bugis, Rochor and Bencoolen MRT train stations, lyf Bugis Singapore features 308 units across six room types. The hotel is sat strategically in the heart of Bugis and provides easy access to the arts and heritage district of Bugis where local restaurants are located along Arab Street and Haji Lane. Supporting both social and active wellness, the property will offer a wide range of amenities including shared spaces that provide opportunities for social interaction, fitness facilities that enable guests to keep active while travelling and a chance to indulge in nourishing food and beverage (F Fashion, Beauty Health Technology and Food & Beverage. The opening of lyf Bugis Singapore will strengthen lyf’s brand presence with a total portfolio of five properties both operating and in the pipeline, in Singapore. These include lyf Funan Singapore, lyf one-north Singapore, lyf Farrer Park Singapore as well as lyf Chinatown Singapore, slated to open in mid-2026. Globally, the lyf brand also marks its fifth anniversary this year, since its debut in 2019 with the opening of lyf Funan Singapore as one of the largest experience-led social-living property in Southeast Asia. Currently present in 25 cities across the world, with over 6,000 units both operating and in the pipeline, the lyf brand has since broadened to a multifaceted hospitality experience that spans both city hotels and full-service resorts. Ms. Wong Kar Ling, Chief Strategy Officer, Ascott and Managing Director, Southeast Asia, Ascott, shared: "The grand opening of lyf Bugis Singapore represents a pivotal moment for The Ascott Limited as we forge ahead in expanding our lyf brand and also demonstrate our conversion capabilities to take over a property and rebrand as lyf. This property is a testament to our unwavering commitment to delivering innovative and wellness-oriented accommodations that meet the dynamic needs of modern travellers. By masterfully intertwining the vibrant energy of Bugis with a serene urban oasis, we are dedicated to providing guests with an unparalleled experience-led social
