CanningHill Piers sells 77% of its units over launch weekend
CanningHill Piers on River Valley Rd transacted 5hundred 38 based on its Six hundred Ninety Six apartments, over a fair selling rate of almost $3thousand psf at its launch within the weekend break.
This consists of its exclusive penthouse unit, and that covers Eight thousand Nine hundred Fifty Six square feet furthermore presents breathtaking visions of the metropolitan area including the S’pore River. The penthouse apartment was undoubtedly taken for $48 mil or $5thousand 3hundred 60 psf.
Having this, the project acquired an overall sales of beyond $One point One Eight billion as of 6pm on Sunday 21 November.
SGPreans accounted for Eighty One % of the shoppers, whereas the balance Nineteen percent were actually PR as well as immigrants from primarily CN, Indonesia, MY, Australia, KOR, the United Kingdom also the United States, claimed CanningHill Piers’ joint real estate investors City Developments Ltd plus CapitaLand Development.
Apartments in the project varied between in dimension starting with Four hundred Nine square foot for an one bed room, 1,313 square feet to get a 3 bed room superior unit to 2,788 square foot for a five-bedder.
All of the unit options were popular, by having selected stacks totally sold off, shared the real estate investors.
” We are really encouraged with the great response and the sensational results at the time of this release weekend break. The affirmative response is definitely an evidence to the combined advantage of both CDL and also our collaboration partner, CapitaLand,” claimed City Developments Ltd Group chief executive officer Sherman Kwek.
” Supported by the reliance plus dependence in which purchasers have actually positioned in us, our team are really energized to bring our perspective regarding this building symbol to accomplishment,” he reveal.
” As the tallest residence dvlpmt by the SGP River, the property is placed on a scarce and iconic site that will determine a new bench mark for consolidated metropolitan living at the soul of Singapore’s premier enjoyment and life-style area.”
On The Other Hand, CapitaLand Development Chief Executive Officer Jason Leow is confident that “the project’s legendary reputation, well-appointed residences and even superb connection will persist to captivate strong interest from potential buyers”.
Schedule to get completed in 2025, CanningHill Piers creates part of a combined project that includes a 475-room accommodation, a 192-unit serviced residence additionally CanningHill Square that possesses F&B and also retail outlets.
The CanningHill Piers business showroom stands along Merchant Rd and is available day-to-day from 10.00 am to 7pm, by appointment only.