The most appealing aspect of Canninghill Piers condo, a luxury residence with a premium price is its ideal spot on River Valley Road, near the highly sought-after District 9.
Two towers designed for the centrally located Canning Hill Piers will soon be built over Liang Court (Liang Court site). They will provide stunning Singapore River views, city views and access with Central Business District. Central Business District.
Expats are awestruck by River Valley. River Valley for its accessibility to childcare services, great schools, and the variety of kid-friendly spots.
This is a great option from the perspective of capital gain.
Investors who are looking for greater rental yields will find the lower unit prices appealing, especially when they want to let in a location that draws renters who are constantly moving upwards.
Canninghill Piers Investment Potential
- Both homeowners and investors the best real estate properties are readily available to be purchased
- Clarke Quay is located in the center of the city.
- Only a few minutes to Singapore’s Central Business District, (CBD).
- City living, with riverfront views of Fort Canning Park and Singapore River
- Adjoins River Valley, an exclusive community designed for families with children and expats.
- Excellent road and transport connectivity
- The Underground connection connects to Fort Canning MRT Station
Liang Court’s Redevelopment
It was the former Liang Court site, which was owned by three consortium partners CapitaLand and City Developments Limited (CDL) The property was purchased at a cost of $400m. The site’s redevelopment is scheduled to be completed by 2024. It will be an mixed-use 99-year leasehold development which includes residential as well as commercial space. Moxy will be operated through Marriott International, and Somerset-branded residential serviced apartments.
The total surface area is 100,263 square meters. Residential occupies about 60,000 square meters.
Canninghill Piers, Somerset serviced apartments, and Moxy are scheduled to be completed in the second quarter of 2024.
Canninghill Piers can be found in the CCR. This region includes the country’s most popular districts District 9, 10 11, and the Downtown Core as well as Sentosa.
District 9, a neighboring region that is an area for shopping and is a top residential area, has an indicative price of 99-year leasehold houses which are not yet completed at $2,550 for a square foot.
For properties that are less than five years old the median per month rent will be S$5.30 per square foot.
The trend of prices for District 9 properties that are not landed has been growing since May. The highest number of units sold in April were sold at an average of $2,536 per square ft.
The decline in May resulted from a decrease of launches in the second quarter and Singapore was under the Heightened Alert in that time. This slowed shows a flat trend and could delay buyers making their decisions.