Chinese national buys 20 units at CanningHill Piers for over $85 mil
When CanningHill Piers was released last November, a total of 538 units (77%) were undertaken over one weekend, with entire sales valuation of $1.18 billion. Ordinary fee of units sold off was close to $3,000 psf. Even the single penthouse of 8,955 sq ft on the 48th ground was easily sold, for $48 million ($5,583 psf).
The units are from numerous levels varying from the 6th to 23rd grounds, as well as they are primarily 3- as well as four-bedroom units in a number of stacks. Six 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 continuing to be units are large four-bedroom units of 1,959 sq ft.
A redevelopment of the previous Liang Court, CanningHill Piers becomes part of an upcoming integrated progression that includes CanningHill Square, with F&B as well as market outlets; the 475-room property by Moxy under Marriott International; and also 192 serviced apartments under the Somerset brand name of Ascott, the serviced apartment arm of CapitaLand.
Talk on the street is that a Chinese purchaser just recently bought 20 units in a mass bargain at luxury condominium CanningHill Piers. The total acquisition price is thought to be over $85 million for the units. The deal was brokered by agents from ERA Realty Network.
Situated at Clarke Quay and fronting the Singapore River, CanningHill Piers is a mutual project by City Developments and CapitaLand Development. The venture consists of a 24-storey and also a 48-storey domestic high rise connected by a sky bridge.
All the single- as well as two-bedroom units at CanningHill Piers are mentioned to be entirely marketed. This recent mass transaction brings overall units sold at CanningHill Piers to 639 units. Thus, the 696-unit residence venture is near to 92% distributed. The venture was launched last November.