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


Talk on the street is that a Chinese client lately purchased 20 units in a mass offer at deluxe apartment CanningHill Piers. The full transaction price is assumed to be over $85 million for the units. The offer was brokered by agents from ERA Realty Network.

Royal Green condo

The units are across different levels varying from the sixth to 23rd grounds, as well as they are primarily three- as well as four-bedroom units in a number of stacks. Six of the units are three-bedroom units of 1,259 sq ft, while an additional 5 units are three-bedroom units of 1,130 sq ft. The staying units are huge four-bedroom units of 1,959 sq ft.

A redevelopment of the first Liang Court, CanningHill Piers is part of an upcoming integrated progression that includes CanningHill Square, with F&B and also retail shops; the 475-room property by Moxy under Marriott International; as well as 192 serviced residences under the Somerset brand name of Ascott, the serviced residence arm of CapitaLand.

When CanningHill Piers was released last November, a total of 538 units (77%) were occupied over a single weekend break, with complete sales value of $1.18 billion. Typical price of units reselled was close to $3,000 psf. Also the sole penthouse of 8,955 sq ft on the 48th level was sold off, for $48 million ($5,583 psf).

All the single- and two-bedroom units at CanningHill Piers are stated to be entirely marketed. This current mass investment gives entire units cost CanningHill Piers to 639 units. Hence, the 696-unit residence project is near to 92% distributed. The undertaking was released last November.

Found at Clarke Quay and also facing the Singapore River, CanningHill Piers is a joined formation by City Developments as well as CapitaLand Development. The assignment includes a 24-storey and also a 48-storey property tower connected by a sky bridge.


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