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

Talk on the street is that a Chinese investor just recently invested in 20 units in a mass offer at deluxe condominium CanningHill Piers. The overall purchase rate is believed to be over $85 million for the units. The offer was brokered by agents from ERA Realty Network.

All the one- and two-bedroom units at CanningHill Piers are stated to be completely been sold. This latest mass buy gives total units cost CanningHill Piers to 639 units. Thus, the 696-unit apartment venture is near to 92% marketed. The venture was released last November.

Liv @ MB floor plan

A redevelopment of the past Liang Court, CanningHill Piers becomes part of an upcoming incorporated project that includes CanningHill Square, with F&B and retail shops; the 475-room resort by Moxy under Marriott International; and 192 serviced condos under the Somerset company of Ascott, the serviced apartment arm of CapitaLand.

Found at Clarke Quay and overlooking the Singapore River, CanningHill Piers is a common formation by City Developments and also CapitaLand Development. The property includes a 24-storey and also a 48-storey household tower connected by a sky bridge.

The units are all over numerous floors ranging from the sixth to 23rd floors, as well as they are primarily 3- as well as four-bedroom units in many stacks. 6 of the units are three-bedroom units of 1,259 sq ft, while an additional 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.

As Soon As CanningHill Piers was released last November, a total of 538 units (77%) were picked up over a single weekend, with entire sales worth of $1.18 billion. Ordinary cost of units reselled was close to $3,000 psf. Also the single penthouse of 8,955 sq ft on the 48th floor was traded, for $48 million ($5,583 psf).

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