CDL lays out plans for Union Square; condo launch preview slated for Nov 1

CITY Developments Limited (CDL) unveiled plans for its large-scale mixed-use development Union Square on Friday (Oct 11), with the Havelock Road project having gained 67 per cent more gross floor area (GFA) under a government incentive scheme.

Approval for the increase in GFA to about 735,500 square feet (sq ft) was obtained in March, CDL said. The redevelopment of the former Central Mall and Central Square properties will be “one of the largest for the precinct” under the Strategic Development Incentive (SDI) scheme of the Urban Redevelopment Authority (URA), CDL said.

Located in District 1 and near the Singapore River area, Union Square – spanning 148,800 sq ft – will include a 20-storey Grade A office tower called Union Square Central, and a three-storey block with retail and food and beverage (F&B) space, as well as a co-living component with a hotel licence.

The project’s residential component, called Union Square Residences, is a 40-storey block with 366 apartments, ranging from 463 sq ft, one-bedder units to 1,518 sq ft, four-bedroom premium units. There are also two Sky Suites and a penthouse, and commercial space on the first and second levels.

A preview for Union Square Residences is slated for Nov 1, with sales details and pricing to be announced later, said CDL. The entire mixed development is expected to be completed in 2029.

Sherman Kwek, group chief executive officer of CDL, said: “Due to the URA’s incentive schemes that encourage the rejuvenation of older precincts, we can leverage our property development and asset-management expertise to transform existing assets into large-scale mixed-use landmarks, revitalising the neighbourhood and creating significant value”.