The former shopping mall, Liang Court was built around the 1980s. And is located at 177 River Valley Road. It was built by Wuthelam Group. And was owned by a businessman named Goh Cheng Liang. This property consists of a list of service apartments and a tower block shared by Hotel New Otani. In 1999, 58.9% stake of the Liang Court was bought by the Pidemco Land, then upon their take over, they renamed it to Somerset Holdings. After a year, Ascott Group appeared and merged with Somerset Holdings. By the year 2006, the Liang Court Mall was sold to Asian Retail Mall Fund II.
The different ownership history of Liang Court only shows the high potentials of it. The current owner of this property is the PGIM Real Estate. Which has an agreement with CDL (City Developments) and CapitaLand for a sale of $400 million.
The service residence and the Novotel are already taken over by the Ascott Residence Trust and CDL Hospitality Trust (CDLHT) which are subsidiaries of CDL and CapitaLand. There are rumors that three developers will make a joint development project on the site.
Liang Court Location
The Liang Court is situated in a prime location which is surrounded by tall buildings as well as greenery. This includes Fort Canning Park and other outdoor recreational amenities such as the Singapore Cricket Club. Also, the Esplanade Park is close within the area. Aside from its magnificent ambiance, Liang Court’s location is also highly accessible. It sits 600 meters away from the Clarke Quay which is surrounded by a different list of businesses and establishments. Which gives the residents and exceptional opportunities and loads of choices for recreation and enjoyment. Within its vicinity you can find businesses like the Amped Trampoline Park which is located at River Valley. If you are looking for more, you can also find within the area the Excelsior Shopping Centre, Victoria Theatre, Robertson Walk and other fun and exciting amenities.
Aside from this, Liang Court’s location is also enclosed by renowned schools. So, choosing the perfect school for your family will never be a problem. In fact, you can reach the Nanyang Institute of Management easily. This is because it is just a few meters away from the Liang Court’s location. If you are looking for an international school, that would never be a problem at all because the Asia Pacific International Academy is also around the area.
Visitors and residents can easily reach neighboring districts and amenities using different transports such as Clarke Quay MRT, City hall MRT, Fort Canning MRT, and more.
WAY OF TRANSPORT
- Central Expressway (CTE)
- Clarke Quay MRT
- Raffles Place MRT
- Dhoby Ghaut MRT
- Bras Basah MRT
- Fort Canning MRT
- City Hall MRT
- Jalan Besar MRT
- Chinatown MRT
PROSPECTS OF THE SITE
Now that the Liang Court has been taken over by two companies, a huge possibility of redevelopment is expected. Liang Court property is proposed to be rebuilt into a mixed-use property building. It is expected to have a gross floor area of 100, 263 square meters, which is currently subject for approval. The proposed project will comprise a commercial complex, service residences and even a hotel. Its first phase is expected to start by the year of 2024.