Canninghill Piers Condo Showflat · Viewing
The Canninghill Piers showflat will be launching for sale soon.
Viewings slots will be available on a first-come-first-served appointment basis only, as there are limited slots due to the cap on numbers.
Please drop us a note in the Contact Form if you wish to book a viewing slot for the VIP Preview.
The Canninghill Piers Prices · Unit Types
UNIT TYPES . SIZES
||38 – 43
||409 – 463
|1 Bedroom + Study
||44 – 52
||474 – 560
|2BR + Ensuite Study
|2 Bedroom + Study
||68 – 82
||732 – 883
||83 – 117
||893 – 1,259
|3 Bedroom Premium
|4 Bedroom Premium
||163 – 182
||1,755 – 1,959
|5 Bedroom Premium
||267 – 369
||2,874 – 3,972
|Total Number of Units
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
The Canninghill Piers Prices
Canninghill Piers Pricing Background
Liang Court was owned by CapitaLand Limited (CapitaLand), City Developments Limited (CDL), Ascott Residence Trust (Ascott Reit), and CDL Hospitality Trusts (CDLHT). For the redevelopment, CDLHT sold its total interest in Novotel Singapore Clarke Quay to the CDL-Capitaland consortium partners, and Ascott Reit sold part of its interest in Somerset Liang Court Singapore to CDL.
Hence unlike Government Land Sales (GLS) or en bloc collective sales sites, where the purchase price of the land is used as a guide to the possible selling price of the new launch, there is no such data in this case.
The closest guides would therefore likely be the selling price of current launches in the vicinity. Of these, the nearest and most comparable is the 99-year leasehold Rivière, also part of an integrated development, up the Singapore River. Rivière has recently been selling at around $2,5xx to $2,8xx PSF.
Do note however, that property prices are currently rising. Partly fuelled by rising land costs, that reflects developers’ optimistic outlook on private home demand, and continuing hunger for land.
This was especially cast into the limelight by record-high bids for the GLS tender closings on 22 July 2021.
In the tender, a unit of GuocoLand topped the bidding for a Lentor mixed development site at $1,204 PSF. Assuming development costs add another $600 PSF, analysts expect selling price to be close to $2,000 PSF.
A month earlier in June, a UOL joint venture had clinched a residential site in Ang Mo Kio for a record high then too. At close to $1,118 PSF, analysts were predicting sale pricing of about $1,900 PSF.
From which it would appear that 99 year leasehold OCR (Outside Central Region) homes near MRT stations are climbing to close to $2,000 PSF.
If that is the case, we would expect pricing in the RCR (Rest of Central Region) zone to rise in tandem. And even more so for integrated developments in the Central Region.
Canninghill Piers is being developed by a joint venture of City Developments and CapitaLand, in equal shares.
Both are very experienced and strong industry players, not just in real estate, but the delivery & management of mixed developments as well.
About City Developments Limited (“CDL” or the “Group”)
City Developments Limited is a leading global real estate company, with a network spanning 103 locations in 29 regions and countries. It is listed on the Stock Exchange of Singapore, where it is one of the largest companies by market capitalisation. Its geographically diverse, income-stable portfolio comprises offices, homes, serviced apartments, hotels, shopping malls, and integrated developments.
CDL has over 55 years of experience in real estate investment, development, and management. In the course of that time, it has built over 43,000 residences. It also controls real estate assets worldwide, that span over 18 million square feet of lettable floor area.
The Group’s hotel subsidiary, London-based Millennium & Copthorne Hotels (M&C), is one of the largest hotel chains in the world. M&C operates over 145 hotels globally, many of them are in key gateway cities.
Among the many projects that CDL have developed in Singapore are ones like Boulevard 88, Nouvel 18, Residences @ Evelyn, St Regis Residences, Cliveden @ Grange, Gramercy Park, New Futura at Leonie Hill, The Glyndebourne, The Pier at Robertson, The Sail @ Marina Bay, The Oceanfront @ Sentosa Cove, Amber Park (both old and upcoming), MeyeRise, Golden Hill Villas, Goldenhill Park, and South Beach with South Beach Residences (a mixed development) at Beach Road.
South Beach Residences by CDL . Developer for Canninghill Piers
CDL Track Record . Developer for this Canninghill Piers Condo
CDL is also building Sengkang Grand Residences and Mall, another integrated development, in partnership with Capitaland as well.
About Capitaland Limited (“Capitaland” or the “Group”)
CapitaLand is one of Asia’s most diversified and largest real estate groups. It is listed and headquartered in Singapore, but manages and owns a worldwide portfolio totalling SGD$131.7 billion as at 30 September 2019.
The Group’s portfolio covers diverse real estate classes that include residential, commercial and retail space. Also integrated and urban developments, logistics & industrial space, and business parks.
While having a global presence across 200 cities in more than 30 countries, Capitaland focuses mainly on Singapore & China as its core markets. However it is continuing to expand in markets such as Europe, Australia, the USA, Vietnam, and India.
The Group also runs one of the biggest real estate investment management businesses globally. These comprise eight listed business trusts and real estate investment trusts (REITs), and more than 20 private funds.
The REITS include names like Ascendas Reit, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust, Ascendas India Trust, CapitaLand Malaysia Mall Trust and Ascendas Hospitality Trust.
Capitaland has developed numerous projects, including some high-profile ones. Among them are The Nassim, Interlace, D’Leedon, Orchard Residences, One Pearl Bank, Sky Habitat, and the mixed developments Marina One, and Bedok Residences & Mall.
Marina One . Mixed Development by Capitaland
For more info on Capitaland, see www.capitaland.com (opens in new window).