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


When CanningHill Piers was introduced last November, a total of 538 units (77%) were gotten off over a single weekend, with entire sales worth of $1.18 billion. Common fee of units reselled was just about $3,000 psf. Also the single penthouse of 8,955 sq ft on the 48th floor was marketed, for $48 million ($5,583 psf).

All the one- as well as two-bedroom units at CanningHill Piers are stated to be completely offered. This current mass acquisition provides entire units sold at CanningHill Piers to 639 units. For this reason, the 696-unit condominium project is close to 92% distributed. The property was released last November.

The units are across different levels varying from the sixth to 23rd floors, as well as they are mostly three- and also four-bedroom units in numerous stacks. Six of the units are three-bedroom units of 1,259 sq ft, while another 5 units are three-bedroom units of 1,130 sq ft. The staying units are large four-bedroom units of 1,959 sq ft.

A redevelopment of the former Liang Court, CanningHill Piers is part of an upcoming consolidated project that involves CanningHill Square, with F&B and market shops; the 475-room property by Moxy under Marriott International; and 192 serviced condos under the Somerset label of Ascott, the serviced condo arm of CapitaLand.

The Florence Residences Logan Property Singapore

Located at Clarke Quay and fronting the Singapore River, CanningHill Piers is a joint property by City Developments and CapitaLand Development. The property comprises a 24-storey and a 48-storey housing high rise attached by a sky extension.

Word on the street is that a Chinese investor recently got 20 units in a mass bargain at high-end condo unit CanningHill Piers. The complete acquisition rate is believed to be over $85 million for the units. The deal was brokered by agents from ERA Realty Network.


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