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Existing Liang Court Site will be Redeveloped Right at the Heart of Ophir-Rochor Corridor

Sep 1

Canninghill Piers proudly brought to your attention by CDL, CapitaLand and Ascott Residence Trust. They will be renovating the Liang Court site at Clarke Quay, which was home to Novotel Clarke Quay Singapore and Liang Court Mall. It will be transformed into an integrated development of 100,263sqm GFA.

Canninghill Square unit mix consists of two residential towers, 700 residential units, and a hotel with 470 bedrooms. There is also a 190-room hotel serviced residence. The mixed-use development will be open in phases starting in 2024.

City Developments Limited CDL, a global real estate company with strong presence in more than 100 countries and 30 locations, is City Developments Limited CDL. It is the largest listed company on the Singapore Exchange. It has a variety of business portfolios including offices, shops, malls, residential developments, serviced apartments, and hotels.

CapitaLand Limited (CapitaLand), is Asia's most prominent and renowned real estate firm. They are listed in Singapore, and their assets portfolio is worth more than S$133 million as of right now. They are involved in urban development, residential, commercial, retail and integrated development. They are primarily based in China and Singapore, but they also have expansion plans to Vietnam, Australia and the USA.

Ascott Residence Trust (ART), the largest trust in hospitality, is valued at S$7.6 Billion in Asia Pacific. The core portfolio of ART is comprised of both income-producing realty such as serviced residences, hotel rooms, and rental housing properties.

Pricing for Canninghill Piers condominiums is still to be determined.

Canninghill Piers can be found at Clarke Quay, City Hall prime district 6 and City Hall. This estate is rich in both historic and cultural elements. The district is home to a variety of hotels, historic monuments, shopping hotspots and bars, as well as clubs and bars.

Canninghill Piers can be found at River Valley Road, next to Fort Canning's MRT station. This prime mixed development is located next to the water promenade that runs along the Singapore River. This development is located in the heart of Central business district. Both bus and MRT can be used to get to work. It is also close to the Central Expressway (CTE), a major expressway. There are many iconic shopping centers and amenities in the area, including UE shopping mall and Riverside point. Merchant Square is also nearby. Canning Hill Square is the latest mixed-hotel concept development that you should be looking out for in 2021.

Right in the Heart of Ophir Rochor Corridor

The Liang Court site will now be developed by the renowned consortium CDL and CapitaLand. Ascott Residence Trust will also develop a mixed development Canninghill Piers measuring 100,263sqm. It includes the Somerset Liang Court Serviced Residence, Liang Court Mall, and Novotel Clarke Quay.

The development will include 710 residential units, a retail element, and a hotel with 475 bedrooms. There will also be a licensed 192-unit serviced apartment hotel. Moxy brand Marriott International will manage the brand-new hotel. It is expected to be completed in 2025. Ascott Reit will manage and own the licensed serviced residence with 192 units. The consortium is also planning to redevelop the Canninghill Piers. They are also looking to revitalize and improve the river promenade, which is in accordance with the URA Masterplan 2019. The programme will increase pedestrian access and human traffic along the Singapore River.

Canninghill Piers will be part of a renowned waterfront integrated hotel project in central Singapore's Clarke Quay. This is Singapore's most popular entertainment precinct, riverfront, and fringe of the city’s Central Business District.