The Ascott Limited is set to expand its Lyf apartment
portfolio to 17 properties by 2025, comprising 3,000 units in 13 cities and
nine countries.
The expanded portfolio includes the newly opened Lyf
Mid-Town Hangzhou, Ascott’s first property for the brand in China, as well as
its second location in Thailand, Lyf Riverside Bangkok. It also includes the company’s
recent acquisition of its first Lyf property in Europe, Livelyfhere Gambetta
Paris.
Ascott launched Lyf in 2016 as a brand aimed at millennial
travellers looking to “live like a local”. To date, the company has opened four
Lyf properties in Singapore, Bangkok, Fukuoka and Hangzhou. Three more are
slated to open later in 2021 in Singapore, Xi’an and Shanghai. Between 2022 and
2025, 10 more Lyf properties are due to launch in Bangkok, Beijing, Cebu,
Danang, Kuala Lumpur, Manila, Melbourne, Paris, Shanghai and Singapore.
The Ascott Limited is the wholly-owned lodging business of
CapitaLand Investments.