Chinese national buys 20 units at CanningHill Piers for over $85 mil
The units are across several levels ranging from the 6th to 23rd floors, and also they are predominantly 3- as well as four-bedroom units in a number of stacks. 6 of the units are three-bedroom units of 1,259 sq ft, while an additional 5 units are three-bedroom units of 1,130 sq ft. The continuing to be units are huge four-bedroom units of 1,959 sq ft.
All the single- and also two-bedroom units at CanningHill Piers are stated to be totally marketed. This more recent bulk buy carries entire units sold at CanningHill Piers to 639 units. Thus, the 696-unit condo venture is near to 92% offered. The property was introduced last November.
Talk on the street is that a Chinese buyer lately acquired 20 units in a mass offer at upscale condo CanningHill Piers. The full transaction price is assumed to be over $85 million for the units. The special offer was agented by representatives from ERA Realty Network.
A redevelopment of the past Liang Court, CanningHill Piers becomes part of an upcoming integrated progression that includes CanningHill Square, with F&B and also retail shops; the 475-room property by Moxy under Marriott International; as well as 192 serviced homes under the Somerset label of Ascott, the serviced residence arm of CapitaLand.
The Moment CanningHill Piers was introduced last November, a total amount of 538 units (77%) were gotten off over one weekend, with entire sales worth of $1.18 billion. Average cost of units sold was close to $3,000 psf. Even the single penthouse of 8,955 sq ft on the 48th floor was easily sold, for $48 million ($5,583 psf).
Found at Clarke Quay and overlooking the Singapore River, CanningHill Piers is a common project by City Developments and also CapitaLand Development. The property includes a 24-storey as well as a 48-storey household high rise connected by a sky bridge.