A plus if Golden Shoe project includes serviced residences

SIX weeks ago, CapitaLand Commercial Trust (CCT) made the highly anticipated announcement that it is seeking approval from the government to redevelop its Golden Shoe Car Park in Raffles Place.

The real estate investment trust said the redevelopment could potentially create commercial gross floor area of about one million square feet and have an office tower of up to 280 metres above ground, on par with the tallest buildings in the CBD.

CCT targets to commence the redevelopment by the second half of 2017 and the new project is slated for completion in 2021.