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CDL to acquire Central Square for S$315m as part of Central area facelift

A mixed-use lifestyle hub is being planned. This will be CDL's third enhancement initiative in the area

Published Fri, Dec 3, 2021 · 05:50 AM

Singapore

PROPERTY developer City Developments Limited (CDL) will acquire Central Square for S$315 million as part of its plans to redevelop its Central Mall properties and the surrounding area into a mixed-use lifestyle hub.

Located at 20 Havelock Road, Central Square is a 99-year leasehold commercial and residential development in the Singapore River precinct, with a remaining lease tenure of 72 years, currently held by Far East Hospitality Trust (FEHT).

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