Asia Co-Living HK Limited and BlackRock, Inc. (NYSE:BLK) entered into a conditional sale and purchase agreement to acquire Citadines Mount Sophia, Singapore from CapitaLand Ascott Trust (SGX:HMN) for approximately SGD 150 million on January 31, 2024. As reported, Citadines Mount Sophia, a 154-unit property was acquired for the equivalent of just over SGD 961,000 per key. The transaction is expected to be completed in Q1 2024. Jason Ng and Hayley Irons of Baker & McKenzie Hong Kong acted as legal advisor to Asia Co-Living HK Limited.

Asia Co-Living HK Limited and BlackRock, Inc. (NYSE:BLK) completed the acquisition of Citadines Mount Sophia, Singapore from CapitaLand Ascott Trust (SGX:HMN) on March 1, 2024.