ASCOTT OPENS SOUTHEAST ASIA’S LARGEST COLIVING PROPERTY LYF FUNAN SINGAPORE
Ascott's first lyf property offers a dynamic live-work-play environment with its collaborative spaces, weekly social programmes and the plethora of amenities at its doorstep
CapitaLand’s wholly-owned lodging business unit, The Ascott Limited (Ascott), has opened lyf Funan Singapore, the largest coliving property in Southeast Asia. It is also the world’s first property under Ascott’s new ‘lyf’ coliving brand that is managed by millennials for the millennials and millennial-minded. lyf Funan Singapore is the first of Ascott’s record-breaking property openings in Singapore this year.
Located in the heart of Singapore’s Civic & Cultural District, lyf Funan Singapore is at the epicenter of the city-state’s buzzing retail, commercial, social and cultural belt. Spanning about 121,000 square feet in gross floor area, lyf Funan Singapore houses 412 rooms across 279 apartments. The nine-storey coliving property will have easy access, via a sheltered underground walkway, to the City Hall Mass Rapid Transit (MRT) interchange that is well connected to the rest of the city
lyf Funan Singapore is an integral part of CapitaLand’s Funan integrated development, which also comprises two office blocks and a mall offering cutting-edge retail concepts, coworking spaces, urban farm, theatre, cinema, artisan shops, craft workshops, gymnasium, rock climbing, and futsal facility. Guests of lyf Funan Singapore can enjoy convenience with the plethora of recreational, retail, dining and commercial options right at their doorstep at Funan as well as surrounding landmarks such as CapitaLand’s iconic integrated development Raffles City Singapore and the National Gallery Singapore. Catering to both short and long stays, lyf Funan Singapore is ideal for leisure and business travelers, expatriates, global assignees as well as digital nomads.
Ms Mindy Teo, Ascott’s Deputy Managing Director of lyf, said: “Ascott’s first lyf property, lyf Funan Singapore, is Southeast Asia’s largest coliving property that will shape the future of travel and accommodation. Millennial and millennial-minded travelers can look forward to a dynamic live-work-play experience given the collaborative spaces, social programs and strategic location of lyf Funan Singapore. Residents can plug into the local community and form connections with like-minded trendsetters, jet setters, business executives, technopreneurs and creatives. A social hub that offers a new way to belong, we see lyf playing a key role in bringing people together to discover new possibilities, spark creative ideas and contribute to the region’s innovation landscape.”
“The booming millennial segment, which is the fastest-growing travel demographic, already forms a quarter of Ascott’s customer base and is expected to grow. Our lyf properties are specially designed to cater to millennials’ craving for social connections, collaboration and co-creation. Guests of lyf properties can be assured of consistent quality in products and services are given Ascott’s 35-year track record of managing award-winning properties across the globe.”
Ms Teo added: “We have seven more lyf properties to be opened over the next three years. We will open lyf in Bangkok, Fukuoka, Kuala Lumpur, Singapore, Cebu and Shanghai by 2022. Besides the countries where we have lyf, we are exploring to introduce lyf, via investment, management contracts or leases, to key gateway cities in Australia, France, Germany, Indonesia, Netherlands, South Korea and the United Kingdom.”
About lyf (www.lyfbyascott.com)
lyf (pronounced as ‘life’), a coliving brand designed and managed by millennials for the millennials and millennial-minded, represents a new way of living, collaborating and cocreating as a community, connecting guests with fellow travellers and change-makers. lyf properties enable guests to ‘Live Your Freedom’ in a dynamic environment, providing flexible communal spaces that facilitate collaboration, community building and social activities among its guests. The social kitchen and pantry can be a networking spot while the coworking lounge can double up as a space for activities. Social programmes will be held weekly to foster a new way of community living, building connections and being inspired by the exchange of ideas. lyf properties are designed to cater to both long and short stays.
Read more about: our Media Trip #lyfgoeslocal at lyf Funan Singapore – Championing the local community at this link.