Property Review: Canninghill Piers

Projet Name: Canninghill Piers

Property Developer: City Developments Limited (CDL), CapitaLand Limited (CapitaLand) along with Ascott Residence Trust (Ascott Reit)

Address: 177 River Valley Road Singapore 179030

No. of Units: A development integrated comprising 700 apartments for residents

Tenure: 99-year leasehold

Price: $956,450 to $2,448,250

Finalization Date Beginning in 2024 and onwards

From the beginning, the most appealing aspect of the luxurious Canninghill Piers is the ideal spot: right on River Valley Road, adjacent to the highly regarded District 9.

The towers are set to rise over that former Liang Court site, the two towers planned for the centrally-located CanningHill Piers will offer amazing Singapore River views, city panoramas and access with Singapore’s Central Business District, world-class shopping on Orchard Road, thriving nightlife at Clarke Quay and nearby Robertson Quay and the lush peace that is Fort Canning Park, among others.

Many expatriates enjoy their home in the River Valley area too for the proximity to childcare facilities as well as good schools, and a variety of places for children to play.

From a capital gain perspective It’s looking to be a hot investment option to think about.

From the indicative prices of the units, the lower quantity should appeal for investors looking for greater rents in an area that usually draws renters who are constantly moving upwards.

Canninghill Piers’ Investment Potential

  • A premium real estate investment for owners-stay buyers as well as investors
  • It is located in the heart of Clarke Quay
  • A few minutes to Singapore’s Central Business District (CBD)
  • Living in the city-fringe with an enviable riverfront view, looking out over Singapore River and Fort Canning Park
  • It is located adjacent to River Valley, a high-end area for expats and families
  • Excellent transportation and road connectivity
  • The Underground connection connects to Fort Canning MRT Station

From a capital gains perspective, Canninghill Piers is one hot investment to consider.

The Redevelopment of Liang Court

In the year 2019, the former Liang Court site was purchased by consortium members CapitaLand, City Developments Limited (CDL) and Ascott Residence Trust at $400 million. The redevelopment project is set to be completed in 2024. It will include the 99-year leasehold mixed-use project consisting of commercial and residential spaces, and a hotel called Moxy which will be operated through Marriott International and the Somerset-brand residential serviced apartments.

The Gross Floor Area of the property is 100,263 square meters and residential space of approximately 60,000 square metres.

Canninghill Piers along with Canninghill Piers and the Somerset Serviced Apartments are scheduled to complete by the 2nd quarter of 2024. Then, there will be Moxy in 2025.

The reason why Canninghill Piers is a popular development to keep an eye on

Locality: Core Central Region (CCR)

You will find Canninghill Piers in the CCR which is comprised of the main areas of the country of District 9, 10 11 and the Downtown Core, as well as Sentosa.

In the neighbouring District 9, which is called the shopping paradise of Singapore and is a top residential zone, the indicative prices for uncompleted 99-year leasehold homes are currently $2,550 per square foot.

The indicative monthly rent, however in properties that do not exceed five years, is at S$5.30 per sq. ft.Up to May of this year the price of District 9 non-landed properties been increasing. The month of April saw a record high of 416 units sold at an average of $2,536 per sq ft.

The decrease in May was attributed to the absence of new launches in the second quarter of the month. Also, Singapore being under Heightened Alert in the month that slowed activity and may delay decision-making for buyers.The month of March saw sixteen new houses in central Singapore were sold for more than 5 million each, including two which were sold for over $10 million.Canninghill Piers has an underground link to Fort Canning and Clarke Quay MRT stations.

Connectivity and Transportation

One of the most notable features at Canninghill Piers the accessibility to public transportation options, including underground connections that connects to Fort Canning MRT station a just two minutes away. the Clarke Quay station of MRT is just a only a short walk of seven minutes.

Other MRT stations in close proximity:

  • Dhoby Ghaut Station: 3-min train ride
  • Chinatown Station: 3-min train ride
  • City Hall Station: 10-min bus ride
  • Bras Basah Station: 12-min bus ride

The connectivity of the roads is also excellent due to the central location of Singapore, which allows motorists to move quickly between urban areas to another in a matter of minutes. Like the other parts of Singapore there are public buses that make up a large portion of the local transportation system is readily available from various bus stops within.

Nightlife

As Canninghill Piers is in the heart of the Clarke Quay area, opening you up to all the entertainment and recreational choices nearby .

Its location is on with the Singapore River, Canninghill Piers is situated in an exciting area that is rich in heritage, culture and leisure offerings.

The project is located within close proximity to the Clarke Quay area — Singapore’s most crowded riverfront entertainment and lifestyle precinct. It means that a variety of recreational and entertainment options are available close by.

Here are a few nightclubs and bars that are in the area:

  • F.Club
  • Phuture
  • Fleek
  • ZOUK Singapore
  • Canvas Nightclub
  • Attica
  • Yin Bar
  • Crazy Elephant
  • Harry’s
  • Cuba Libre Cafe & Bar

Malls

With the developments right in the city, world-class shopping is only one step away. The shopping centers close enough to entice the heart of all shoppers are:

  • Riverside Point
  • UE Shopping Mall
  • UE Square
  • Clarke Quay Central
  • Robertson Walk
  • Cathay Cathay Cathay
  • Plaza Singapura
  • Orchard Gateway
  • Great World City

Parks

If you are a nature enthusiast looking to explore more green spaces, here is a list of other parks near Canninghill Piers.

Just across the street from Canninghill Piers is the famous Fort Canning Park, one of Singapore’s oldest landmarks which once served as its headquarters, the Far East Command Centre and British Army Barracks back in 1926. It is now an enthralling hiking destination with numerous hiking trails and routes that are suitable for people of all ages.

If you’re a natural fan looking to get out and explore the greener areas of this area, this is an additional list of parks that surround the area to inspire you:

Parks on the list:

  • Istana Park (900m)
  • Mt. Emily Park (2.3km)
  • Pearl’s Hill City Park (1.4km)
  • Hong Lim Park (750 m)
  • Dhoby Ghaut green (1.1km)

Museums

Those who wish to explore their creative side can easily find inspiration at any of these museums near Canninghill Piers.

It is home to some of the top educational institutions devoted towards the art, including LASALLE College of the Arts and Nanyang Academy of Fine Arts (NAFA) as well as a variety of museums that are located close by people who want to explore their creativity are sure to find inspiration at any of these museums.

  • National Museum of Singapore (1.2km)
  • Peranakan Museum (1.0km)
  • Singapore Art Museum (1.4km)
  • Singapore Philatelic Museum (850m)
  • The Substation (1.0km)
  • The Arts House (950m)
  • National Gallery of Singapore (850m)
  • Asian Civilisation Museum (1.0km)

Schools

Canninghill Piers has also been located close the schools which ranges from the primary level to higher education schools. Depending on the child’s age there are a variety of options available including international and local schools.

Pre-schools:

  • Eton House Pre-School (Robertson Walk)
  • Cambridge @ Robertson

Primary Schools:

  • River Valley Primary School
  • English School (Junior)
  • SOTA (School of Arts and Sciences in Singapore)

Secondary Schools:

  • Outram Secondary School
  • SOTA (School of Arts and Sciences in Singapore)

Tertiary Education Institutions:

  • Nanyang Institute of Management
  • SMU (Singapore Management University)
  • Lasalle College of the Arts

International Schools:

  • Eton House International School (Outram)
  • ISS International School

Most Frequently Asked Questions Regarding Canninghill Piers

Who is the person who developed Canninghill Piers?

Canninghill Piers is a joint venture of City Developments Limited (CDL), CapitaLand Limited (CapitaLand) and Ascott Residence Trust (Ascott Reit).

What is the date for the TOP of Canninghill Piers?

Canninghill Piers as well as The Somerset services apartments are anticipated to complete by the 2nd quarter of 2024. Then, there will be the Moxy hotel in 2025.

Where is Canninghill Piers situated?

Canninghill Piers is situated on River Valley Road, close to the Central Business District, Orchard Road, Clarke Quay and Fort Canning Park. It is connected by underground with Fort Canning MRT Station

Fort Canning MRT Station

Is Liang Court closing?

Liang Court closed down at the closing date of March 31, 2020. The site is being renovated and will include the 99-year leasehold development of mixed-use that will include commercial and residential spaces, a hotel named Moxy which will be managed under the management of Marriott International and the Somerset-brand homes that are serviced.

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