The third Ascott-branded property in Singapore brings biophilic design and nature-inspired wellness to Tanjong Pagar, creating an urban sanctuary in the Central Business District (CBD) Singapore, 26 January 2026 – New Vision Holding Pte. Ltd. (New Vision) and The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment, have officially broken ground on Ascott Shenton Way Singapore, a defining showcase for the Ascott brand’s evolution towards design-led, wellness-centred hospitality. The flagship development marks the first-time collaboration between owner-developer New Vision and hospitality operator Ascott. Construction is underway, with completion expected in Q4 2029. The groundbreaking ceremony was officiated by Dr Tan See Leng, Minister for Manpower and Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry, alongside representatives from New Vision, Ascott and main contractor, China Harbour (Singapore) Engineering Company Pte Ltd. The upcoming flagship development is poised to redefine how business travellers and long-stay guests experience an elevated, art-inspired hospitality stay that is rooted in intellectual wellness. This is a reflection of Ascott's "Savour the Art of Living" brand ethos while creating spaces that allow for creative expression and new perspectives. Situated at 15 Enggor Street in the heart of Tanjong Pagar, the site is within a short walk of Tanjong Pagar MRT station and is surrounded by the financial district’s corporate headquarters, cultural landmarks and vibrant F&B scene. The location offers seamless connectivity to Shenton Way, Marina Bay and Raffles Place, placing residents and guests at the nexus of Singapore’s business and lifestyle hubs. The 29-storey mixed-use development will comprise 137 units, featuring a dual-format offering of 42 hotel rooms and 95 serviced apartments – one of the few developments in Singapore’s CBD to seamlessly integrate both short-stay and extended-stay accommodations under the same brand within a single development. This reflects the evolution of the 42-year-old Ascott brand as it expands beyond its serviced residence heritage, with this property and other upcoming openings globally showcasing an expanded portfolio of branded residences, resorts and full-service hotels. Ascott Shenton Way Singapore will also feature a thoughtfully curated suite of lifestyle and wellness amenities, including a swimming pool, wellness spa, meditation lounge, café bar, forest verandah, rooftop garden, fully equipped gym, and launderette designed to support holistic urban living for both short- and long-stay guests. A Defining Flagship for Ascott’s Next Chapter Ascott Shenton Way Singapore embodies a refined interpretation of intellectual wellness
