CapitaLand and CDL poised to buy Liang Court mall at S$400m

Singapore

THE decades-old Liang Court mall - famous at its peak as a Japanese expat haunt and for the Daimaru department store and supermarket - is expected to be sold to new owners for S$400 million.

The Business Times understands that a put-and-call option agreement has been entered into between the owner, an entity linked to PGIM Real Estate, and CapitaLand and City Developments Ltd (CDL).