Chinese national buys 20 units at CanningHill Piers for over $85 mil
All the one- and two-bedroom units at CanningHill Piers are mentioned to be entirely offered. This recent mass buy brings entire units sold at CanningHill Piers to 639 units. Thus, the 696-unit residence project is close to 92% distributed. The venture was introduced last November.
A redevelopment of the past Liang Court, CanningHill Piers belongs to an upcoming integrated development that involves CanningHill Square, with F&B and market shops; the 475-room property by Moxy under Marriott International; and also 192 serviced residences under the Somerset brand of Ascott, the serviced apartment arm of CapitaLand.
The units are throughout numerous levels varying from the sixth to 23rd floors, and they are primarily 3- as well as four-bedroom units in several stacks. Six of the units are three-bedroom units of 1,259 sq ft, while one more five units are three-bedroom units of 1,130 sq ft. The staying units are huge four-bedroom units of 1,959 sq ft.
When CanningHill Piers was launched last November, a total of 538 units (77%) were picked up over a single weekend break, with overall sales worth of $1.18 billion. Typical fee of units sold off was around $3,000 psf. Even the single penthouse of 8,955 sq ft on the 48th level was easily sold, for $48 million ($5,583 psf).
Talk on the street is that a Chinese buyer just recently invested in 20 units in a bulk bargain at high-end condo unit CanningHill Piers. The overall investment value is believed to be over $85 million for the units. The agreement was agented by representatives from ERA Realty Network.
Located at Clarke Quay and also fronting the Singapore River, CanningHill Piers is a shared property by City Developments as well as CapitaLand Development. The property consists of a 24-storey and also a 48-storey residential tower attached by a sky link.