History of Liang Court Located at River Valley Road
Liang Court which has been a favourite shopping centre among residents around the River Valley has been enbloc and will be revitalized into a brand new development Canninghill Square. Surrounded by both towering buildings and a greenery park, Liang Court consists of service apartments, Hotel Otani, and a space intended for Liang Court Shopping Centre. Developed in the early 1980s by Wuthelam Group, spearheaded by Goh Cheng Liang, this property is at 177 River Valley Road, Singapore.
Liang Court has a long history of ownership that proves its potential and competitiveness among other properties in the area. In 1999, Pidemco acquired 58.9% of its stake, which gives them the full right of its mall and apartments, thus changing the property’s name to Somerset Holdings. After a year, Somerset Holdings and Ascott Group came into an agreement to merge. After long full ownership of those mergers, the Liang Court Mall was sold to Asian Retail Mall Fund II in 2006. Liang Court is currently co-owned by three big developers in the industry, PGIM Real Estate, City Developments (CDL), and CapitaLand.
The residential property and Novotel part of Liang Court are being managed by Ascott Residence Trust, a CapitaLand subsidiary, and CDL Hospitality Trust (CDLHT), a CDL subsidiary.
Being located along the busy pavement of River Valley Road, it’s no surprise that many establishments surround this property. Shopping is not a problem in this area since you can choose from different shopping centers residing within a short walking distance from Liang Court. Some of those centers are Excelsior Shopping Centre, Funan Mall, Robertson Walk, and UE Shopping Mall.
Satisfying your hungry stomach is also not an issue if you’re residing at Liang Court since it is surrounded by countless food and beverage outlets such as Dragon Phoenix Restaurant, Violet Oon Satay Bar & Grill, Bayang, Winestone, and the well known Jalan Kukoh Market and Hawker Centre.
Liang Court is also close to schools and learning facilities such as Nanyang Institute of Management, EF International Language Schools, River Valley Primary School, Asia Pacific International Academy.
Though it is an active community, there are still advisable places in this area to hang-out with your friends and families. You can check on the eco-friendly environment of Fort Canning Park and Esplanade Park for nature and relaxation. If you’re into outdoor fun and recreational activities, visit the Singapore Cricket Club. This place also offers a time of joy in Victoria Theatre and Theatres on the Bay at Esplanade.
Liang Court is very accessible to many transportation means such as stations in Clarke Quay MRT, City Hall MRT, and Fort Canning MRT. You can also use the Central expressway if you plan to go to other places in the country.
With the property’s potential dominance, the management is expected to start the first phase of Project Development in 2024. The project consists of a Hotel, Service Residences, and Commercial Complex. The venture also agreed that CDL and CapitaLand would handle the commercial and residential part of the project, while Ascott Reit will manage the 192-unit service with a hotel license.
Aside from developing the building, they will also improve the pedestrian lanes and footfall near the Singapore River for a better means of accessibility to the property.