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

As soon as CanningHill Piers was released last November, an overall of 538 units (77%) were picked up over one weekend, with entire sales valuation of $1.18 billion. Typical price of units offered was just about $3,000 psf. Also the single penthouse of 8,955 sq ft on the 48th floor was sold, for $48 million ($5,583 psf).

Talk on the street is that a Chinese investor just recently got 20 units in a bulk deal at upscale flat CanningHill Piers. The whole transaction rate is thought to be over $85 million for the units. The agreement was brokered by agents from ERA Realty Network.

All the single- and two-bedroom units at CanningHill Piers are mentioned to be entirely been sold. This more recent mass purchase brings complete units sold at CanningHill Piers to 639 units. Hence, the 696-unit residence project is near to 92% sold. The property was introduced last November.

A redevelopment of the first Liang Court, CanningHill Piers belongs to an upcoming integrated project that consists of CanningHill Square, with F&B as well as market shops; the 475-room resort by Moxy under Marriott International; and 192 serviced condos under the Somerset brand name of Ascott, the serviced residence arm of CapitaLand.

Midtown Bay Beach Road price

Located at Clarke Quay and also overlooking the Singapore River, CanningHill Piers is a joined property by City Developments and CapitaLand Development. The project includes a 24-storey as well as a 48-storey household tower attached by a sky link.

The units are from different levels ranging from the sixth to 23rd floors, and they are mostly three- and four-bedroom units in multiple 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 big four-bedroom units of 1,959 sq ft.

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