Liang Court Towers, Singapore Housing, South East Asia Large Building Development, Images
Singapore?s Liang Court Towers
South East Asia Apartment Buildings – design by City Developments Limited and CapitaLand Limited
21 Nov 2019
Liang Court Towers
Design: City Developments Limited and CapitaLand Limited
Location: Singapore
City Developments Limited (CDL), CapitaLand Limited (CapitaLand) and Ascott Residence Trust (Ascott Reit) have teamed up to redevelop the Liang Court site1 into an integrated development following the proposed sale by CDL Hospitality Trusts (CDLHT) of its total interest in Novotel Singapore Clarke Quay, subject to the approval of CDLHT?s unitholders at its extraordinary general meetings, to the 50:50 CDL-CapitaLand joint venture entities and CDL. Concurrently, Ascott Reit will sell part of its interest in Somerset Liang Court Singapore2 to CDL.
Subject to approval from the relevant authorities, the proposed integrated development with a total gross floor area (GFA)3 of 100,263 square metres (sq m) will comprise two residential towers offering around 700 apartment units, a commercial component, a hotel and a serviced residence with a hotel licence. Upon completion, the 50:50 CDL-CapitaLand joint venture entities will own the residential and commercial components while Ascott Reit will own the 192-unit serviced residence with a hotel licence. CDLHT will own the hotel, which will have about 460 to 475 rooms4, under a forward purchase agreement ...