SINGAPORE (Nov 21): The iconic Liang Court site along River Valley Road has seen better days. But now, the 35-year-old property could get a facelift in a massive deal involving City Developments (CDL), CapitaLand, Ascott Residence Trust (Ascott REIT) and CDL Hospitality Trusts (CDLHT).

Opened in 1984, the Liang Court development comprises a shopping mall once home to the Daimaru department store in Singapore, the Novotel Singapore Clarke Quay (NCQ) hotel, and Somerset Liang Court Singapore serviced residence.

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