Ascott wins management deals for CBD and Rochor precinct properties

It will expand its portfolio size to over 900 units.

The Ascott Limited (Ascott) won contracts to manage two properties in the Central Business District and near the Ophir-Rochor Corridor through its Citadines brand

According to a press release, the Citadines serviced residence in Raffles Place and Citadines Rochor Singapore, which will offer a total of over 600 units, are Ascott’s two largest properties in the country. This will expand its portfolio size to over 900 units.

The 299-unit Citadines property in Raffles Place and the 320-unit Citadines Rochor Singapore are slated to open in 2021 and 2020, respectively.

The Citadines property in Raffles Place, near the Raffles Place MRT, will comprise 29 floors of premium Grade A office space, a food centre, and retail outlets.

Meanwhile, Citadines Rochor Singapore, near the Rochor MRT station, will comprise a retail podium and mostly studio apartments.