DEVELOPER
By reputable property developer
Developed By City Developments Limited (CDL).
Union Square Residences: Developer Overview
Union Square Residences is being developed by City Developments Limited (CDL), a leading real estate company based in Singapore. Established in 1963, CDL has over 50 years of experience in property development and is recognized for its innovative approach and commitment to sustainability.
Key Details About CDL and the Project
Acquisition: In Q1 2022, CDL acquired the Central Square site for S$313.2 million from Far East Hospitality Trust. This acquisition set the stage for an exciting redevelopment project.
Project Scope: The development will transform the former Central Square and Central Mall sites into a new mixed-use development known as Union Square. It is being developed under the URA’s Strategic Development Incentive Scheme, which allows for an increased gross floor area.
Components of Union Square:
- Union Square Residences: A stunning tower featuring 366 residential units across 34 to 40 stories.
- Union Square Central: A dedicated 20-storey office tower.
- Commercial Spaces: Designed to cater to various business needs.
- Co-living Spaces: Providing flexible living arrangements for diverse residents.
- Heritage Conservation: The project will also focus on preserving existing heritage buildings, integrating history with modernity.
Track Record: CDL has a strong reputation for developing iconic projects in Singapore, including South Beach and The Sail @ Marina Bay. This experience highlights their capability to handle large-scale developments with finesse.
Commitment to Quality: Known for its dedication to innovation, sustainability, and quality, CDL continuously strives to create integrated urban developments that seamlessly blend residential, commercial, and lifestyle elements.
Union Square Residences is a significant new mixed-use project being developed by City Developments Limited. Leveraging their extensive experience, CDL aims to revitalize the area around Havelock Road and the Singapore River, creating a vibrant community that meets the needs of modern urban living.