Ascott has secured contracts to manage its two largest properties in the Singapore, both under the Citadines brand.
The 299-unit Citadines hotel in Raffles Place will form part of an upcoming landmark integrated development slated for completion in 1H2021, which will also comprise 29 floors of office space, a food centre and retail outlets.
Targeting professionals working in the city’s financial district, the Citadines hotel will boast facilities including a swimming pool, jacuzzi, running track, gymnasium, fitness corners, yoga deck, social kitchen, residents’ lounge, barbecue pits, and outdoor spaces. About 75 per cent of the units are studio apartments, while the rest are loft studio, one-bedroom and two-bedroom apartments.
“We also see opportunities to cater to the new catchment of working professionals with Singapore’s push for decentralisation of offices to new commercial hubs beyond the CBD. Citadines Rochor Singapore enjoys a prime location close to the Ophir-Rochor Corridor and Beach Road area – emerging commercial hubs with large-scale integrated developments, offices, as well as recreational and cultural attractions,” said Ervin Yeo, Ascott’s regional general manager for Singapore and Malaysia.
At the Citadines Rochor Singapore, about 80 per cent of the 320 units will be studio apartments, and the remaining one-bedroom and loft apartments. The property will offer facilities such as a residents’ lounge, gymnasium, launderette, breakfast cafe, swimming pool and outdoor multifunctional spaces for social gatherings and events.
Scheduled for opening in 2020, Citadines Rochor Singapore is part of an upcoming integrated development that will also comprise a retail podium.