SOMERSET LIANG COURT PROPERTY SINGAPORE

SINGAPORE
SOMERSET LIANG COURT PROPERTY SINGAPORE

Address

177B, River Valley Road,
Singapore 179032,
Singapore

Description

Currently under redevelopment into a new Somerset serviced residence with a hotel licence and refreshed lease term of 99 years.

The new property will be part of an iconic waterfront integrated development in the heart of Clarke Quay, Singapore’s most popular riverfront lifestyle and entertainment precinct, and on the fringe of the city’s Central Business District. The proposed integrated development is expected to open in phases in 2025.


Key Information
Year of Completion Under redevelopment – Expected to open in 1H 2025
Title Leasehold estate of 99 years expiring in 2119
No. of Units -
Latest Property Valuation (S$ million) as at 31 December 2020 143.1
1 Somerset Liang Court Singapore is under development and the valuation of the property as at 31 December 2020 relates to the retained gross floor area (GFA), after the divestment of partial GFA in July 2020. The valuation as at 31 December 2019 is the sum of (i) the valuation of the divested GFA of S$163.3 million (conducted by Knight Frank Pte Ltd) and (ii) the valuation of the retained GFA of S$140.3 million (conducted by HVS).