Chinese national buys 20 units at CanningHill Piers for over $85 mil
All the one- as well as two-bedroom units at CanningHill Piers are mentioned to be entirely been sold. This current bulk acquisition brings overall units sold at CanningHill Piers to 639 units. Therefore, the 696-unit apartment venture is close to 92% sold. The project was released last November.
Located at Clarke Quay and facing the Singapore River, CanningHill Piers is a shared formation by City Developments as well as CapitaLand Development. The property consists of a 24-storey and a 48-storey housing high rise attached by a sky extension.
Talk on the street is that a Chinese client recently got 20 units in a bulk deal at deluxe condominium CanningHill Piers. The complete investment cost is believed to be over $85 million for the units. The agreement was agented by agents from ERA Realty Network.
As Soon As CanningHill Piers was introduced last November, a total amount of 538 units (77%) were undertaken over one weekend, with full sales worth of $1.18 billion. Standard price of units offered was close to $3,000 psf. Also the sole penthouse of 8,955 sq ft on the 48th floor was sold off, for $48 million ($5,583 psf).
A redevelopment of the past Liang Court, CanningHill Piers becomes part of an upcoming incorporated innovation that involves CanningHill Square, with F&B as well as market shops; the 475-room hotel by Moxy under Marriott International; and 192 serviced houses under the Somerset brand of Ascott, the serviced flat arm of CapitaLand.
The units are all over various levels varying from the 6th to 23rd grounds, and also 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 another five units are three-bedroom units of 1,130 sq ft. The continuing to be units are huge four-bedroom units of 1,959 sq ft.
