Chinese national buys 20 units at CanningHill Piers for over $85 mil
Situated at Clarke Quay as well as fronting the Singapore River, CanningHill Piers is a joint development by City Developments and CapitaLand Development. The assignment consists of a 24-storey and also a 48-storey home tower connected by a sky extension.
All the one- and also two-bedroom units at CanningHill Piers are claimed to be fully offered. This current mass purchase brings total units sold at CanningHill Piers to 639 units. Hence, the 696-unit condominium venture is close to 92% distributed. The undertaking was opened last November.
A redevelopment of the previous Liang Court, CanningHill Piers becomes part of an upcoming incorporated progression that consists of CanningHill Square, with F&B and retail shops; the 475-room hotel by Moxy under Marriott International; as well as 192 serviced houses under the Somerset company of Ascott, the serviced house arm of CapitaLand.
The units are all over numerous levels varying from the 6th to 23rd floors, as well as they are mainly three- and four-bedroom units in several 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 staying units are big four-bedroom units of 1,959 sq ft.
Talk on the street is that a Chinese buyer lately purchased 20 units in a bulk offer at deluxe condominium CanningHill Piers. The whole transaction price is assumed to be over $85 million for the units. The special offer was agented by agents from ERA Realty Network.
When CanningHill Piers was introduced last November, a total of 538 units (77%) were gotten off over a single weekend break, with total sales worth of $1.18 billion. Normal rate of units sold off was close to $3,000 psf. Even the single penthouse of 8,955 sq ft on the 48th level was reselled, for $48 million ($5,583 psf).
