Liang Court will be jointly redeveloped by CDL, Capitaland and Ascott Residence Trust into an integrated development. The development will feature two residential towers offering around 700 apartment units, a commercial component, a hotel and a serviced residence with a hotel licence.
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. CDLHT will own the hotel, which will have about 460 to 475 rooms, under a forward purchase agreement with CDL.
The hotel will be operated under the Moxy brand by Marriott International while the serviced residence will retain its Somerset branding. The proposed integrated development is targeted to open in phases from 2024.
The new development is known as CanningHill Square and CanningHill Piers. Check back here for more updated information from the developers.