{"id":112514,"date":"2019-11-21T11:21:40","date_gmt":"2019-11-21T04:21:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/liang-court-redevelopment-to-include-700-prime-condo-units\/"},"modified":"2019-11-21T12:06:20","modified_gmt":"2019-11-21T05:06:20","slug":"liang-court-redevelopment-to-include-700-prime-condo-units","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/liang-court-redevelopment-to-include-700-prime-condo-units\/","title":{"rendered":"Liang Court redevelopment to include 700 prime condo units"},"content":{"rendered":"


\nThe site currently consists of Liang Court shopping centre,\u00a0Novotel Singapore Clarke Quay, Somerset Liang Court Singapore. Photo: CapitaLand
\nIn a joint announcement by City Developments Limited (CDL), CapitaLand, and Ascott Residence Trust (Ascott Reit), the existing Liang Court site\u2014located within District 6\u2014will be redeveloped into a mixed-use, integrated development featuring two residential towers with 700 condo units.
\nThe proposed development by the consortium, which will be subject to approval by the relevant authorities, will also consist of a hotel, a commercial component, and a 192-unit serviced apartment with hotel licence. Notably, the total Gross Floor Area (GFA) of the new integrated project will amount to 100,263 sq m, more than double the existing GFA of 46,000 sq m.
\nThe proposed integrated development is expected to open in phases from 2024, with the serviced residence retaining its Somerset branding.
\nThe new hotel, on the other hand, will be operated by Mariott International under the Moxy brand.
\nCurrently, the\u00a0Liang Court site\u00a0consists of Novotel Singapore Clarke Quay, Somerset Liang Court Singapore, and the Liang Court shopping centre. This existing development, which is a 97-year leasehold property, was completed in 1980.
\nUnder the Urban Redevelopment Authority\u2019s Master Plan 2014, the site is zoned for commercial and residential use with a 7.6 plot ratio (ratio of maximum gross floor area to land area). A redevelopment will involve a lease renewal.
\nPlan will improve waterfront area
\nAlong with the redevelopment of the site, the consortium also intends to rejuvenate the river promenade right next to the property, in line with the Urban Redevelopment Authority\u2019s 2019 Draft Master Plan to enhance the area\u2019s vibrancy.
\nThe rejuvenation of the promenade is expected to generate social activities around the proposed project, increase footfall as well as improve pedestrian accessibility along the Singapore River.
\nLiang Court\u2019s redevelopment marks another collaboration between CapitaLand and CDL, after their successful joint bid in 2018 to develop Sengkang Grand Residences, a mixed-use integrated development\u00a0in Sengkang atop Buangkok MRT station.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Liang Court redevelopment to include 700 prime condo units<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The site currently consists of Liang Court shopping centre,\u00a0Novotel Singapore Clarke Quay, Somerset Liang Court...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-112514","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tgK","jetpack-related-posts":[{"id":65598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-building-integrated-development-in-indonesia\/","url_meta":{"origin":112514,"position":0},"title":"CapitaLand building integrated development in Indonesia","date":"September 6, 2017","format":false,"excerpt":"\r Artist\u2019s impression of The Stature Jakarta. Source: CapitaLand Singapore-based CapitaLand is on track to complete its first integrated development in Indonesia, The Stature Jakarta, by end 2020. With a total gross floor area of around 55,500 sq m, The Stature Jakarta comprises a 29-storey luxury residential tower called Stature\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123585,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-acquire-central-square-for-315mil\/","url_meta":{"origin":112514,"position":1},"title":"CDL to acquire Central Square for $315mil","date":"December 3, 2021","format":false,"excerpt":"\r Located at 20 Havelock Road, Central Square will be redeveloped into a mixed-use development, with a serviced residence, retail and office units. Source: Google\u00a0Maps City Developments Limited (CDL) is set to redevelop its Central Mall properties, including its surrounding area, into a large-scale mixed-use development, it announced on Thursday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/central-square.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":112635,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-hospitality-trusts-to-divest-novotel-hotel-acquire-w-singapore-hotel\/","url_meta":{"origin":112514,"position":2},"title":"CDL Hospitality Trusts to divest Novotel hotel, acquire W Singapore hotel","date":"November 22, 2019","format":false,"excerpt":"\r This comes as the new hotel, which will fall under Marriott International\u2019s Moxy brand, is designed to appeal to the next-generation travellers, while the W Hotel will cater to the luxury lifestyle market. 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(Photo: CapitaLand) UOB KayHian analysts expect Capitaland\u2019s net profit to grow by about 19 percent in 2018 to 2020 on the back of robust residential sales in China, offshore property purchases and the highly-anticipated opening of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8148,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/solid-weekend-sales-at-the-wisteria-cairnhill-nine\/","url_meta":{"origin":112514,"position":5},"title":"Solid weekend sales at The Wisteria, Cairnhill Nine","date":"March 14, 2016","format":false,"excerpt":"\r Cairnhill Nine drew a strong response during the VIP preview and official launch. (Photo: CapitaLand) Two newly launched private residential projects reported brisk sales over the weekend, an indication that units within integrated developments remain popular despite the lacklustre housing market. 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