{"data":{"news":{"items":[{"title":"CDL and CapitaLand partner to redevelop Liang Court site in Singapore","date":"2019-11-21 14:22:42","id":1863,"author":"","blurb":"","blurb_image_uid":"https://dxfpracgmlczp.cloudfront.net/2019/11/1574320113552_1_CDL-CapitaLand to redevelop Liang Court.jpg","blurb_expanded_image_uid":null,"article":"\n\t\n\n\n

City Developments Limited (CDL), CapitaLand Limited and Ascott Residence Trust (Ascott Reit - a member of CapitaLand) have teamed up to redevelop the Liang Court site into an integrated development. It is targeted to open in phases from 2024.

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Subject to approval from the relevant authorities, the proposed development with a total gross floor area of 100,263 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.

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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. CDL Hospitality Trusts (CDLHT) will own the hotel, which will have about 460 to 475 rooms.

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The consortium also plans to rejuvenate the river promenade flanking the property - in line with Singapore’s Draft Master Plan 2019 by the Urban Redevelopment Authority to enhance the area’s vibrancy. This is expected to generate social activities around the new development, increase footfall and improve pedestrian accessibility along the Singapore River.

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The Singapore River planning area is a vibrant local and international icon – home to a myriad of cultural, heritage and lifestyle offerings. Situated in the heart of Clarke Quay – Singapore’s most popular riverfront lifestyle and entertainment precinct – and on the fringe of Singapore’s Central Business District, the proposed development is linked to the Central Expressway via River Valley Road.

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“With multiple frontages, breathtaking views and convenient access to Fort Canning MRT Station, the Liang Court site has outstanding locational attributes for an integrated development comprising residential, commercial, hotel and serviced residence components. By harnessing the strengths and capabilities of all the partners involved, we plan to transform the site into an iconic landmark along the Singapore River,” said Sherman Kwek, group CEO of CDL.

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“The commercial component of the integrated development will be seamlessly connected to Clarke Quay, offering residents the convenience of top-notch F&B and retail offerings right on their doorstep,” said Jason Leow, president for Singapore & International at CapitaLand Group. “Drawing on CapitaLand’s extensive experience in creating award-winning integrated developments, we will harness our partnership with CDL to shape the property into a fresh focal point along the Singapore River for local and international visitors of all ages.”

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The redevelopment of Liang Court marks another collaboration between CDL and CapitaLand following last year’s successful joint bid to develop a commercial and residential site in Sengkang Central atop Buangkok MRT station.

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At 178 m high, One Pearl Bank is set to be the tallest residential development in the Outram-Chinatown district of Singapore, offering panoramic views that extend from the central business district to Sentosa. It is scheduled for completion in 2023.

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Designed by Serie+Multiply, a joint venture between London-based Serie Architects and Singapore-based Multiply Architects, One Pearl Bank will feature 39-storey towers linked at the roof by sky bridges, with a total of 774 apartments. It will also have a series of sky allotment gardens arrayed vertically at one edge of each tower.

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With each tower featuring an allotment garden every four storeys, and each garden housing 11 plots, One Pearl Bank will have a total of 18 sky allotment gardens with close to 200 plots where residents can grow their own herbs, fruits and vegetables. These allotment gardens are intended not only to support urban farming, but also provide spaces to promote community bonding.

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The allotment gardens are further complemented by two sky terraces and two roof gardens across the two towers and a sunken planter in every balcony, to maximise the greenery on the development’s facade.

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Taking full advantage of Pearl’s Hill’s sloped typography, the two towers are lifted 21 m off the ground to allow a visual continuity flowing from the greenery of Pearl’s Hill City Park to the upcoming green connector to Fort Canning Park.

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According to CapitaLand, over 500 trees across 35 species and more than 135,000 shrubs, plants and flowers will be planted throughout One Pearl Bank, occupying over 60,000 sq ft of space – equivalent to 75% of the total site area.

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