Lyf Funan Singapore is designed to cater to the social needs of the fastest-growing travel demographic
Ascott, the lodging business unit of real estate firm CapitaLand, plans to redefine co-living arrangements through their newly-opened space, Lyf Funan Singapore, which also happens to be the biggest co-living property in all of Southeast Asia, reported Business World.
“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,” said Mindy Teo, Ascott’s deputy managing director for Lyf.
She explained that their co-living property specifically focused on millennials’ need for social spaces where they can meet new people, learn about each other’s cultures, and be part of a like-minded community.
“It’s about creating a space where people feel like they belong, where they’re part of a bigger community. 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,” she added.
Lyf Funan Singapore is nine storeys high, spans a gross floor area of 11,241 square metres, and has a total of 412 rooms across 279 apartments, with “All Together” units that can accommodate groups of up to nine.
Community living was at the forefront of the property’s design, offering social programs, collaborative spaces, and more. The strategic location of the property in the heart of Singapore’s Civic and Cultural District provides easy transportation access via an underground passageway to the City Hall Mass Rapid Transit.
Lyf Funan Singapore is situated within the integrated development district of Funan by CapitaLand, which encompasses two office blocks and a mall offering diverse activities and facilities, including a futsal centre, rock climbing facility, gymnasium, artisan shops, craft workshops, theatre, cinema, urban farm, and co-working spaces.
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