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Liang Court redevelopment to include 700 prime condo units

PropertyGuru

The site currently consists of Liang Court shopping centre, Novotel Singapore Clarke Quay, Somerset Liang Court Singapore. Photo: CapitaLand

In a joint announcement by City Developments Limited (CDL), CapitaLand, and Ascott Residence Trust (Ascott Reit), the existing Liang Court site—located within District 6—will be redeveloped into a mixed-use, integrated development featuring two residential towers with 700 condo units.

The 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.

Located next to Fort Canning MRT station on the Downtown Line, the proposed integrated development is expected to open in phases from 2024, with the serviced residence retaining its Somerset branding.

The new hotel, on the other hand, will be operated by Marriott International under the Moxy brand.

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Currently, the Liang Court site consists 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 1984. The tenure began in 1980.

Under the Urban Redevelopment Authority’s 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.

Curious about the price range of properties in the area? Check out these condos near to Fort Canning MRT station.

Plan will improve waterfront area

Along 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’s 2019 Draft Master Plan to enhance the area’s vibrancy.

The 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.

Liang Court’s 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 in Sengkang atop Buangkok MRT station.

RELATED ARTICLE: 2 New Launch Condos Near MRT in Q4 2019: Will Buyers Bite?

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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg