CDL, CapitaLand to redevelop Liang Court

Submitted By:  Staff Reporter Case Study:  No Ascott Reit will rebuild 13,034 sqm out of the Liang property for a partial sale of $163.3m. City Developments Limited (CDL), CapitaLand Limited (CapitaLand), and Ascott Residence Trust (Ascott REIT) have teamed up to rebuild the Liang Court site into an integrated development of 700 residential apartments. At the same time, Ascott Reit is also set to sell part of its interest in Somerset Liang Court Singapore to CDL, the company announced.  read more