Chinese national buys 20 units at CanningHill Piers for over $85 mil


The units are all over several floors ranging from the sixth to 23rd floors, as well as they are mostly three- as well as four-bedroom units in many stacks. Six of the units are three-bedroom units of 1,259 sq ft, while another 5 units are three-bedroom units of 1,130 sq ft. The continuing to be units are large four-bedroom units of 1,959 sq ft.

When CanningHill Piers was launched last November, a total amount of 538 units (77%) were picked up over one weekend, with total sales worth of $1.18 billion. Average value of units marketed was close to $3,000 psf. Even the sole penthouse of 8,955 sq ft on the 48th floor was easily sold, for $48 million ($5,583 psf).

Situated at Clarke Quay and fronting the Singapore River, CanningHill Piers is a joined development by City Developments as well as CapitaLand Development. The project consists of a 24-storey and a 48-storey household tower attached by a sky link.

A redevelopment of the first Liang Court, CanningHill Piers becomes part of an upcoming consolidated enhancement that features CanningHill Square, with F&B and also retail shops; the 475-room property by Moxy under Marriott International; and also 192 serviced apartments under the Somerset brand name of Ascott, the serviced condo arm of CapitaLand.

Word on the street is that a Chinese investor lately got 20 units in a mass deal at deluxe flat CanningHill Piers. The whole purchase rate is assumed to be over $85 million for the units. The agreement was agented by representatives from ERA Realty Network.

All the one- and two-bedroom units at CanningHill Piers are stated to be fully sold. This latest bulk purchase gives complete units sold at CanningHill Piers to 639 units. Thus, the 696-unit apartment project is near to 92% marketed. The property was opened last November.

Avenir Condo Singapore


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