Chinese national buys 20 units at CanningHill Piers for over $85 mil
Word on the street is that a Chinese client lately bought 20 units in a mass deal at deluxe condo CanningHill Piers. The overall acquisition rate is believed to be over $85 million for the units. The special offer was brokered by agents from ERA Realty Network.
The units are throughout different floors varying from the 6th to 23rd grounds, and they are mainly three- as well as four-bedroom units in numerous stacks. 6 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 remaining units are big four-bedroom units of 1,959 sq ft.
The Moment CanningHill Piers was launched last November, a total amount of 538 units (77%) were undertaken over one weekend break, with entire sales market value of $1.18 billion. Standard cost of units offered was almost $3,000 psf. Even the single penthouse of 8,955 sq ft on the 48th level was marketed, for $48 million ($5,583 psf).
Found at Clarke Quay as well as facing the Singapore River, CanningHill Piers is a mutual project by City Developments as well as CapitaLand Development. The venture comprises a 24-storey and a 48-storey household tower attached by a sky overpass.
All the single- and two-bedroom units at CanningHill Piers are mentioned to be entirely been sold. This current mass purchase provides total units cost CanningHill Piers to 639 units. Thus, the 696-unit apartment project is close to 92% offered. The venture was opened last November.
A redevelopment of the former Liang Court, CanningHill Piers is part of an upcoming incorporated progression that features CanningHill Square, with F&B and market sites; the 475-room property by Moxy under Marriott International; and 192 serviced homes under the Somerset brand of Ascott, the serviced condo arm of CapitaLand.