Chinese national buys 20 units at CanningHill Piers for over $85 mil
The units are all over numerous levels varying from the sixth to 23rd grounds, and also they are primarily 3- and four-bedroom units in multiple stacks. 6 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 staying units are big four-bedroom units of 1,959 sq ft.
When CanningHill Piers was introduced last November, a total of 538 units (77%) were gotten off over one weekend break, with total sales valuation of $1.18 billion. Standard value of units sold was around $3,000 psf. Even the sole penthouse of 8,955 sq ft on the 48th level was showcased, for $48 million ($5,583 psf).
Word on the street is that a Chinese buyer just recently bought 20 units in a bulk deal at luxury condo unit CanningHill Piers. The complete purchase rate is assumed to be over $85 million for the units. The agreement was agented by representatives from ERA Realty Network.
All the one- as well as two-bedroom units at CanningHill Piers are stated to be fully been sold. This latest mass transaction provides overall units cost CanningHill Piers to 639 units. Hence, the 696-unit residence venture is near to 92% distributed. The project was introduced last November.
Found at Clarke Quay and fronting the Singapore River, CanningHill Piers is a common project by City Developments and also CapitaLand Development. The project constitutes a 24-storey and a 48-storey domestic high rise connected by a sky overpass.
A redevelopment of the first Liang Court, CanningHill Piers becomes part of an upcoming incorporated enhancement that consists of CanningHill Square, with F&B and also retail sites; the 475-room property by Moxy under Marriott International; as well as 192 serviced residences under the Somerset label of Ascott, the serviced flat arm of CapitaLand.
