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lyf Funan
REITs
CLAS's move to acquire lyf Funan Singapore is part of its portfolio reconstitution strategy to lift yields
lyf Funan will be immediately income producing, and help CLAS rebalance its portfolio to Singapore
16 days ago
Broker's Calls
Analysts keep 'buy' call for CapitaLand Ascott Trust after lyf Funan acquisition
Citi has kept its TP of $1.12 while OIR has upped its TP to $1.10.
October 02, 2024
REITs
CapitaLand Ascott Trust to acquire lyf Funan Singapore for agreed property value of $263 mil
The proposed acquisition is expected to increase CLAS’s total distribution by $3.5 million.
October 01, 2024
Property
Ascott launches first lyf co-living property at Funan
SINGAPORE (Sept 5): CapitaLand’s wholly owned lodging business unit, The Ascott Limited, has opened lyf Funan Singapore, its very first property under the co-living brand.
September 05, 2019
Property
Ascott to expand footprint in Singapore with 4 property openings by end 2019
SINGAPORE (Sept 2): Ascott Limited, CapitaLand’s wholly-owned lodging business unit, is about to be the largest serviced residence operator in Singapore with a record number of openings this year as well as the signing of its first Citadines Connect bus
September 02, 2019