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

All the single- and also two-bedroom units at CanningHill Piers are claimed to be completely been sold. This recent mass transaction carries complete units sold at CanningHill Piers to 639 units. Hence, the 696-unit condo venture is close to 92% distributed. The project was launched last November.

Found at Clarke Quay and facing the Singapore River, CanningHill Piers is a joint formation by City Developments and CapitaLand Development. The assignment constitutes a 24-storey and a 48-storey domestic high rise connected by a sky bridge.

As Soon As CanningHill Piers was launched last November, a total amount of 538 units (77%) were taken up over one weekend, with full sales market value of $1.18 billion. Common value of units sold was almost $3,000 psf. Even the single penthouse of 8,955 sq ft on the 48th level was reselled, for $48 million ($5,583 psf).

A redevelopment of the past Liang Court, CanningHill Piers belongs to an upcoming consolidated innovation that includes CanningHill Square, with F&B and retail sites; the 475-room accommodation by Moxy under Marriott International; and 192 serviced flats under the Somerset label of Ascott, the serviced condominium arm of CapitaLand.

Talk on the street is that a Chinese purchaser lately got 20 units in a mass bargain at upscale condo unit CanningHill Piers. The total investment price is assumed to be over $85 million for the units. The agreement was agented by representatives from ERA Realty Network.

The units are throughout several floors varying from the sixth to 23rd grounds, and also they are primarily 3- as well as four-bedroom units in several stacks. 6 of the units are three-bedroom units of 1,259 sq ft, while one more 5 units are three-bedroom units of 1,130 sq ft. The staying units are huge four-bedroom units of 1,959 sq ft.

Mori Condo Roxy Pacific Holding Limited

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