CanningHill Piers sells 77% of its units over launch weekend
CanningHill Piers along River Valley Road sold off Five hundred Thirty Eight out of its 696 units, with a typical market rate of almost $3thousand psf at its debut within the weekend.
The number includes its single penthouse unit, that extends 8thousand 9hundred 56 sq ft plus features scenic sights of the metropolitan area as well as the S’pore River. The penthouse apartment was snapped for $Forty Eight mil or $Five thousand Three hundred Sixty psf.
Through this, the property attained a total sales of over $1.18 bil as of 6 in the evening on Sunday 21Nov.
SGPreans accounted for Eighty One percent of the purchasers, while the remaining 19 percentage happen to be PR including immigrants from primarily CN, Indonesia, Malaysia, AUS, KR, the UK as well as the United States, stated CanningHill Piers’ conjoint real estate investors CDL with CapitaLand Development.
Units at the project fluctuated in sizing starting with 409 sq ft to get an one-bedder, 1thousand 3hundred 13 sq ft for a 3 room excellent unit to 2,788 sq ft for a five-bedder.
All of the apartment varieties were popular, with selected range completely distributed, mentioned the developers.
” We are truly strengthened by the huge action also the incredible victory in the course of this launch weekend break. The affirmative response is a testament to the shared strength of both CDL and also our joint venture companion, CapitaLand,” mentioned CDL Group CEO Sherman Kwek.
” Encouraged over the entrustment also assurance that shoppers have put in us, our team are motivated to lead our perspective of this particular building image to actualization,” Sherman shared.
” Being the tallest housing project by the SGP River, the building is situated on a scarce and iconic spot that will certainly fix a fresh gauge for consolidated urban lifestyle at the center of S’pore’s premier amusement and life style vicinity.”
Concurrently, CapitaLand Dvlpmt Chief Executive Officer Jason Leow is self-assured that “the property’s iconic standing, well-appointed residences and even superb connection will certainly persist to attract effective attraction from potential buyers”.
Schedule to get finalized in 2K25, CanningHill Piers materializes section of a consolidated development that contains a 475-room hotel, a 192-unit serviced residency including CanningHill Square that comes with F&B as well as retail outlets.
The CanningHill Piers sales showroom is located on Merchant Road and is permitted day-to-day from 10 in the morning to 1900hrs, by scheduled visit strictly.