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


When CanningHill Piers was launched last November, a total of 538 units (77%) were taken up over one weekend, with total sales market value of $1.18 billion. Common fee of units sold off was close to $3,000 psf. Also the sole penthouse of 8,955 sq ft on the 48th floor was reselled, for $48 million ($5,583 psf).

Talk on the street is that a Chinese client lately invested in 20 units in a bulk deal at high-end condo CanningHill Piers. The total purchase rate is assumed to be over $85 million for the units. The special offer was agented by agents from ERA Realty Network.

A redevelopment of the past Liang Court, CanningHill Piers belongs to an upcoming incorporated innovation that includes CanningHill Square, with F&B and retail outlets; the 475-room accommodation by Moxy under Marriott International; as well as 192 serviced homes under the Somerset brand of Ascott, the serviced flat arm of CapitaLand.

Found at Clarke Quay and facing the Singapore River, CanningHill Piers is a common project by City Developments and CapitaLand Development. The venture comprises a 24-storey and also a 48-storey household high rise connected by a sky overpass.

Clavon Condo price

The units are from various floors ranging from the 6th to 23rd grounds, and they are mainly 3- and also four-bedroom units in several stacks. Six of the units are three-bedroom units of 1,259 sq ft, while one more 5 units are three-bedroom units of 1,130 sq ft. The staying units are big four-bedroom units of 1,959 sq ft.

All the one- and two-bedroom units at CanningHill Piers are stated to be completely marketed. This latest bulk transaction provides entire units cost CanningHill Piers to 639 units. For this reason, the 696-unit apartment venture is close to 92% offered. The undertaking was introduced last November.


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