Ascott Raffles Place

Ascott Raffles Place Singapore to be sold for S$353 million

Serviced residence Ascott Raffles Place Singapore, which is housed within a restored 1950s heritage building, is set to be sold off for S$353.3 million by Ascott Residence Trust (Ascott Reit). The sale price is 64.3 per cent above the property’s latest valuation of S$215 million as at Dec 31, 2018, Ascott Reit said in a stock exchange filing on Wednesday (Jan 9). It said that the buyer is an...

You’ve got … old mail

Ascott Raffles Place retains the old world charm of the former Asia Insurance Building, including its letters Lovingly preserved in the Ascott Group’s new serviced apartments in the former Asia Insurance Building at Finlayson Green, is a link with the age before email. It is the original mail chute from the 53-year-old building, which when the renovations were being carried out was found stuffed with...

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