CanningHill Piers to start sales preview on Nov 5; prices start from $1.16 mil for one-bedroom unit

By Felicia Tan / EdgeProp Singapore | November 3, 2021 4:06 PM SGT
Day view of CanningHill Piers. (Credit: CapitaLand, CDL)
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SINGAPORE (EDGEPROP) - CanningHill Piers, the new luxury residence located between Fort Canning Hill and the Singapore River, will commence its sales gallery preview on Nov 5.
The 99-year leasehold development is developed jointly by CapitaLand Development (CLD) and City Developments Ltd (CDL).
The site has a total of 696 units spanning across a 48-storey tower and 24-storey tower. The towers are linked by a sky bridge on level 24.
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The units comprise one-bedroom apartments to five-bedroom apartments of 409 sq ft to 2,788 sq ft, as well as Sky Suites that measure from 2,874 sq ft and a single super penthouse sized at 8,956 sq ft.
Indicative prices for the apartments start from $1.16 million for a one-bedder.
Prices for four-bedders will start from $5.22 million, while a five-bedroom premium unit on the 25th floor will be priced from $8.1 million.
The development’s super penthouse, on level 48, has an indicative price of $50 million, which translates to $5,582.84 psf.
According to Chia Ngiang Hong, group general manager at CDL, the penthouse is a unique one, being the only one in the development.
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Hence, “[we are] not shy to look at $50 million. However, the final price is not fixed yet,” he said at a media briefing.
CanningHill Piers is part of an integrated development that includes CanningHill Square with food & beverage (F&B) and retail outlets, a 475-room hotel operated by Moxy under Marriott International, as well as a 192-unit serviced residence under the Somerset brand, managed by The Ascott Ltd.
The site formerly housed Liang Court, Novotel Singapore Clarke Quay and Somerset Liang Court, and has a gross floor area (GFA) of 1.1 million sq ft.
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Its size makes the upcoming integrated development one of the largest in Singapore’s central area.
The development is scheduled for completion in 2025.
The project is set to become the next icon in the Clarke Quay area, simply being “by the river, by the hill, by the city and by itself,” says Lee Mei Ling, CDL’s executive vice president and head of property development.
The development is located at the fringe of the CBD, and has direct access to Fort Canning MRT Station on the Downtown Line. It is also within walking distance to Clarke Quay MRT Station on the North-East Line.
“The transformation of the former Liang Court site into a new riverside landmark at the heart of a vibrant lifestyle hub augments the planned rejuvenation of the Singapore River precinct. Beyond creating a new architectural icon for Singapore’s city centre, we have reimagined this sizeable, rare site and unlocked its potential as an anchor of the Fort Canning and Clarke Quay area,” says Sherman Kwek, CDL Group CEO.
“The residential component, CanningHill Piers, marks a new paradigm for integrated urban living at a much sought-after waterfront location. This transformative project — one of the largest redevelopment initiatives in the Central Area — is part of CDL’s strategy to unlock latent value,” Kwek adds.
“From Funan in the Civic District to CapitaSpring at Raffles Place, CapitaLand has played a key role in rejuvenating Singapore’s city centre to enhance its attractiveness and keep up with evolving lifestyle trends. We are pleased to partner with CDL to create an integrated development on the former Liang Court site that is in line with the Urban Redevelopment Authority’s Master Plan 2019 to create vibrant live-in communities in Singapore’s Central Area and further enliven the spaces along the Singapore River,” says Jason Leow, CEO at CLD.
“The redevelopment is one of CapitaLand’s precinct-level projects, whereby we inject holistic work-live-play elements to activate a precinct and maximise the synergy among the group’s properties within it. Thoughtfully designed to cater to city dwellers’ aspirations for style, wellness and connectivity, CanningHill Piers offers residents direct access to three levels of F&B and retail amenities in CanningHill Square as well as more options in Clarke Quay along Singapore River. With many winning attributes, we are confident that CanningHill Piers will be well-received by discerning homeowners,” Leow adds.
Bookings will commence on Nov 20.

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