UNION SQUARE RESIDENCES

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Union Square Residences

Former Central Square and Central Mall

Redevelopment under Strategic Development Incentive Scheme

Developer : CDL

CALL 6100 8108REGISTER INTEREST
DISTRICT
D1 - SINGAPORE RIVER
UNITS
366
PROPERTY TYPE
MIXED DEVELOPMENT
TENURE
FREEHOLD

Register Interest For Union Square Residences Today!

CDL completed acquisition of Central Square in Q1 2022, from FEHT (Far East Hospitality Trust) for a total of S$313.2 million.

This is part of CDL's plans to redevelop Central Mall (which it currently owns) and Central Square into a mixed-use development with commercial, hospitality and serviced apartment components.

Together with Central Mall, the total area has a potential gross floor area uplift of 67 per cent to 735,500 sq ft, from the current 441,650 sq ft.

This redevelopment plan comes under the Urban Redevelopment Authority's Strategic Development Incentive Scheme.

The redeveloped Central Square and Central Mall will be named Union Square Residences.

Central, District 1 Location
Mixed-use development comprising residential and commercial
Public Launch : Est 2H 2024

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Registration: General Form

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CDL currently owns the 81,660 square feet Central Mall site comprising the freehold 7-storey Central Mall (office tower), and a cluster of conservation shop houses on a 99-year leasehold site with a remaining lease tenure of about 71 years.
With the acquisition of Central Square, CDL plans to redevelop all the sites into a mixed-use development with commercial, hospitality and serviced apartment components.
The enlarged area has a potential gross floor area uplift of 67 per cent to 735,500 sq ft, from the current 441,650 sq ft.

The redeveloped project is named Union Square Residences.

Union Square Residences (Former Central Square) Street View

UNION SQUARE RESIDENCES PRESS COVERAGE

CDL to acquire Central Square for S$315m as part of Central area facelift

2 DEC 2021

PROPERTY developer City Developments Limited CityDev : C09 -0.62% will acquire Central Square for S$315 million as part of 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 70.7 years currently held by Far East Hospitality Trust Q5T  : Q5T -1.6%.

It comprises a serviced residence and commercial spaces including offices and retail units, said CDL in a  statement on Thursday (Dec 2).

Through its subsidiary, CDL Constellation, the group has entered into a put and call option agreement to acquire Central Square from FEHT for S$313.2 million and the reversionary leasehold interest of about 1.5 years from OPH Riverside Pte Ltd, a subsidiary of Far East OrchardFar East Orchard : O10 0% , for S$1.8 million.

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