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

Word on the street is that a Chinese purchaser recently acquired 20 units in a bulk deal at high-end flat CanningHill Piers. The overall investment rate is assumed to be over $85 million for the units. The offer was brokered by agents from ERA Realty Network.

As Soon As CanningHill Piers was launched last November, an overall of 538 units (77%) were gotten off over a single weekend, with entire sales worth of $1.18 billion. Common value of units sold off was almost $3,000 psf. Also the sole penthouse of 8,955 sq ft on the 48th ground was traded, for $48 million ($5,583 psf).

Found at Clarke Quay and also overlooking the Singapore River, CanningHill Piers is a shared project by City Developments as well as CapitaLand Development. The assignment includes a 24-storey as well as a 48-storey household high rise connected by a sky link.

The units are throughout numerous levels varying from the 6th to 23rd floors, as well as they are mainly three- as well as four-bedroom units in many stacks. Six of the units are three-bedroom units of 1,259 sq ft, while one more five 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.

All the one- as well as two-bedroom units at CanningHill Piers are stated to be fully sold. This recent bulk acquisition gives entire units cost CanningHill Piers to 639 units. For this reason, the 696-unit condo venture is close to 92% marketed. The property was opened last November.

The Arden Singapore

A redevelopment of the first Liang Court, CanningHill Piers becomes part of an upcoming integrated project that involves CanningHill Square, with F&B and also retail shops; the 475-room property by Moxy under Marriott International; and also 192 serviced apartments under the Somerset company of Ascott, the serviced condominium arm of CapitaLand.

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