Source: CapitaLand

Clarke Quay to become a day-and-night destination

This is thanks to a S$62m asset enhancement initiative.

CapitaLand’s iconic lifestyle hub Clarke Quay will get an uplift with plans to turn it into a day-and-night destination through a S$62m asset enhancement initiative. 

The hub, popularly known as “CQ @ Clarke Quay, is located along the Singapore River in the Central Business District. 

After the initiative, CQ @ Clarke Quay will feature a mix of day-to-night offerings in three main zones: The Riverfront (Blocks A and D), The Warehouses (Block B),  and The Circuit (Blocks C and E). 

The Riverfront will offer alfresco dining or heritage shophouse setting. A fusion of retail lifestyle and F&B concepts in a conserved godown can be seen in The Warehouses, whilst The Circuit will show “high-energy” concepts, entertainment as well as F&B establishments. 

READ MORE: CapitaLand Development buys prime mixed-use site in Vietnam

“The repositioning of CQ @ Clarke Quay is a timely move that will broaden its appeal to families in tandem with the urban renewal of the Singapore River precinct to incorporate more leisure amenities and residential developments,” Tony Tan, CEO of the manager of the CapitaLand Integrated Commercial Trust (CICT). Clarke Quay is owned by CICT and managed by CapitaLand Investment Limited (CLI).

“The property income is expected to be sustainable on a stabilised basis post pandemic and after the AEI. We are also pleased to take this opportunity to upgrade the green rating of CQ @ Clarke Quay, upon which all 21 properties in our Singapore portfolio would have achieved a minimum rating of BCA Green Mark Gold.”

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