Chinese national buys 20 units at CanningHill Piers for over $85 mil
Situated at Clarke Quay and fronting the Singapore River, CanningHill Piers is a shared development by City Developments and CapitaLand Development. The project makes up a 24-storey and a 48-storey home high rise attached by a sky extension.
Talk on the street is that a Chinese purchaser just recently bought 20 units in a bulk bargain at upscale condominium CanningHill Piers. The overall transaction rate is believed to be over $85 million for the units. The deal was brokered by representatives from ERA Realty Network.
The units are across numerous floors varying from the 6th to 23rd grounds, and they are primarily three- and four-bedroom units in many 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 continuing to be units are big four-bedroom units of 1,959 sq ft.
As Soon As CanningHill Piers was launched last November, an overall of 538 units (77%) were gotten off over a single weekend break, with complete sales value of $1.18 billion. Common cost of units marketed was just about $3,000 psf. Also the sole penthouse of 8,955 sq ft on the 48th ground was showcased, for $48 million ($5,583 psf).
A redevelopment of the first Liang Court, CanningHill Piers becomes part of an upcoming consolidated project that involves CanningHill Square, with F&B as well as retail outlets; the 475-room hotel by Moxy under Marriott International; as well as 192 serviced residences under the Somerset company of Ascott, the serviced condo arm of CapitaLand.
All the one- and two-bedroom units at CanningHill Piers are claimed to be entirely sold. This more recent mass transaction gives entire units sold at CanningHill Piers to 639 units. Therefore, the 696-unit apartment project is near to 92% sold. The project was launched last November.