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

Located at Clarke Quay as well as fronting the Singapore River, CanningHill Piers is a joint formation by City Developments and also CapitaLand Development. The project comprises a 24-storey and also a 48-storey property tower attached by a sky bridge.

All the single- and two-bedroom units at CanningHill Piers are claimed to be entirely offered. This more recent mass investment gives overall units cost CanningHill Piers to 639 units. Thus, the 696-unit condominium project is close to 92% offered. The property was launched last November.

As Soon As CanningHill Piers was released last November, an overall of 538 units (77%) were gotten off over one weekend break, with total sales worth of $1.18 billion. Normal value of units sold off was around $3,000 psf. Also the sole penthouse of 8,955 sq ft on the 48th floor was offered, for $48 million ($5,583 psf).

The units are from different floors varying from the sixth to 23rd floors, as well as they are primarily three- as well as four-bedroom units in multiple stacks. 6 of the units are three-bedroom units of 1,259 sq ft, while an additional five units are three-bedroom units of 1,130 sq ft. The remaining units are huge four-bedroom units of 1,959 sq ft.

A redevelopment of the former Liang Court, CanningHill Piers belongs to an upcoming integrated progression that consists of CanningHill Square, with F&B and market shops; the 475-room hotel by Moxy under Marriott International; as well as 192 serviced homes under the Somerset label of Ascott, the serviced apartment arm of CapitaLand.

Normanton Park Kingsford Development Pte Ltd

Word on the street is that a Chinese purchaser lately purchased 20 units in a bulk deal at upscale condominium CanningHill Piers. The overall purchase rate is assumed to be over $85 million for the units. The special offer was brokered by agents from ERA Realty Network.

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