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The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), together with Warees investments Pte Ltd (Warees), announced their 2nd strategic partnership at the signing ceremony of lyf Chinatown Singapore. This event took place during the groundbreaking ceremony of Jamae Chulia Heritage, which was graced by Mr. Masagos Zulkifli, Minister for Social and Family Development, Second Minister for Health, and Minister-in-charge of Muslim Affairs alongside distinguished guests and key stakeholders.

Ascott’s strategic partnership with Warees began in 2004 with the launch of Somerset Bencoolen Singapore. In 2019, Somerset Bencoolen Singapore underwent renovations to enhance the property, providing a refreshing update. This 20-year strategic partnership has now been strengthened with the signing of lyf Chinatown Singapore, further solidifying the collaboration.

Commissioned by Warees through WJC Heritage Pte Ltd and managed by The Ascott Limited, lyf Chinatown Singapore which spans 3,394 sqm is the 5th property in Singapore under the lyf brand. Slated to open in mid-2026, lyf Chinatown Singapore will comprise 90 accommodation units along with social spaces such as coworking lounge ‘Connect’, social kitchen ‘Bond’, launderette ‘Wash & Hang’, gym ‘Burn’, roof top swimming pool ‘Dip’ as well as outdoor courtyard and terrace.

Since the inception of lyf (or ‘live your freedom’) as a coliving brand, the brand has now broadened into a multifaceted hospitality experience that rides on the growing demand for experience-led social living.

Currently present in 23 cities across the world, with over 5,900 units both operating and in the pipeline, lyf spans flexible typologies, ranging from coliving accommodation and city hotels to full-service resorts.

Tailored for the next-generation traveller including digital nomads, technopreneurs, creatives and self- starters, lyf offers a stay experience that transcends the conventional, delivering on connectedness, community, conversation, coworking and coliving. Whether it is a short visit, an extended stay, or a desire for a permanent address, lyf aims to establish itself as the trusted accommodation brand that connects guests with the city, its people, and its culture.

Ms. Wong Kar Ling, Chief Strategy Officer, Ascott and Managing Director of Southeast Asia, Ascott said: “We are thrilled to add a new lyf property in Singapore, expanding our local portfolio to a total of 23 properties spanning different brands. Today’s travellers and residents are not just about reaching a destination or finding a place to stay but immersing oneself in the heartbeat of a community, making connections and seeking unique experiences. lyf is designed to capture this demand for experiential-led social living, with its dynamic design, flexible space and well curated programmes, providing a vibrant community for individuals to live their freedom and connect with like-minded individuals. lyf Chinatown Singapore, being situated in the heart of this dynamic enclave, offers travellers and residents the opportunity to fully immerse themselves in the rich culture, diversity, and energy of the locale.”

The lyf brand’s Stay, Work, Play concept ensures that guests have tastefully designed and functional apartments with shared social spaces, such as various workspaces for individual and project work, and guest experiences designed around Arts, Culture & Entertainment, Fashion, Beauty & Design, Health & Wellness, Technology & Sustainability, and Food & Beverage.

As lyf Chinatown Singapore is strategically located in Chinatown, its #lyfgoesLOCAL guest experiential programme will focus on the arts and culture theme, attractions, and partnerships from the local neighbourhood. The locale is also known for its dining hotspots and vibrant ethnic communities, thus enriching guests’ overall living experience.

Mr. Masagoes Isyak, Chief Executive Officer, Warees said: “lyf Chinatown Singapore, located within Jamae Chulia Heritage is an important and strategic asset in Warees’ investment portfolio. It ties in perfectly with our overall Core-Flex model where we diversify our real estate projects between traditional

commercial developments and flexible living and working spaces. This project, when completed, will also be the first lyf in Singapore to be housed in a newly developed building alongside 4 pre-war conservation shophouses at Pagoda Street. This special partnership between Warees and Ascott showcases our unique ability to reimagine heritage by synergising the old and the new. Warees is therefore delighted to continue our longstanding partnership with Ascott to curate the service residence so as to appeal to the evolving needs of the travelers and create social value through placemaking.”