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
Add BT as a preferred source
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).
TRENDING NOW
S-Reits ‘positioned for recovery’ as yield spreads widen: analysts
Think twice about rebuilding that old landed property into a super-big house to max out GFA
AI-linked layoffs in US spark new wave of one-person start-ups
SingPost unveils S$30 million sortation machines that treble its parcels processing capacity
