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

All the one- and two-bedroom units at CanningHill Piers are claimed to be totally been sold. This latest bulk buy provides total units cost CanningHill Piers to 639 units. Thus, the 696-unit condominium project is near to 92% marketed. The undertaking was launched last November.

The units are from various floors ranging from the 6th to 23rd floors, as well as they are mainly three- as well as four-bedroom units in multiple stacks. 6 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.

A redevelopment of the former Liang Court, CanningHill Piers is part of an upcoming integrated innovation that features CanningHill Square, with F&B as well as retail sites; the 475-room hotel by Moxy under Marriott International; and 192 serviced residences under the Somerset brand name of Ascott, the serviced condominium arm of CapitaLand.

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Word on the street is that a Chinese buyer lately bought 20 units in a bulk offer at high-class apartment CanningHill Piers. The full investment cost is assumed to be over $85 million for the units. The special offer was agented by representatives from ERA Realty Network.

When CanningHill Piers was introduced last November, an overall of 538 units (77%) were gotten off over a single weekend, with complete sales valuation of $1.18 billion. Average price of units offered was almost $3,000 psf. Also the sole penthouse of 8,955 sq ft on the 48th floor was reselled, for $48 million ($5,583 psf).

Located at Clarke Quay and also overlooking the Singapore River, CanningHill Piers is a shared development by City Developments and CapitaLand Development. The property consists of a 24-storey and also a 48-storey non commercial tower attached by a sky bridge.