The Reserve Residences will be adjacent to Bukit Timah Fire Station and the Beauty World Integrated Transport Hub

Chinese nationwide buys 20 systems at CanningHill Piers for over $85 mil

Word on the street is that a Chinese purchaser just recently bought 20 systems in a mass deal at luxury condominium CanningHill Piers. The complete acquisition rate is believed to be over $85 million for the devices. The deal was brokered by agents from ERA Realty Network.

The 696-unit CanningHill Piers consists of a 24-storey and also 48-storey tower linked by a sky bridge

The Reserve Residences will be adjacent to Bukit Timah Fire Station and the Beauty World Integrated Transport Hub

The Reserve Residences will be adjacent to Bukit Timah Fire Station and the Beauty World Integrated Transport Hub. Its master plan stresses a seamless approach between these two areas. A new bus interchange will be built to connect residents to the station. Additionally, the Reserve Residences Far East will include a community center and a school. The Reserve Residences Far East is expected to be completed by 2018.

The Reserve Residences are a new integrated development in Singapore, offering 1, 2, and 4-bedroom residential units with sweeping views of the Bukit Timah Nature Park. Located near the city center and connected to the city via public rail, this development is expected to provide residents with a full range of lifestyle amenities. The Reserve Residences are connected to the nearby Beauty World MRT station. Residents of this new development will enjoy the convenience of having access to public transportation, parks, and schools.

The Reserve Residences project will span 3.22 acres and will include 845 residential units with a variety of amenities and public spaces. It will also include a business zone and civic spaces. The project is expected to be finished in 2022. The project is part of a wider plan to revitalize the area. As an integrated development, the Reserve Residences will feature great living spaces for entrepreneurs, and be accessible via public transportation.

The devices are throughout various floors ranging from the 6th to 23rd floorings, as well as they are primarily three- as well as four-bedroom devices in a number of stacks. Six of the devices are three-bedroom devices of 1,259 sq ft, while an additional five devices are three-bedroom systems of 1,130 sq ft. The staying units are huge four-bedroom devices of 1,959 sq ft.

Showflat of a four-bedroom unit at CanningHill Piers (Photo: Samuel Isaac Chua/EdgeProp Singapore).
All the one- as well as two-bedroom systems at CanningHill Piers are stated to be totally sold. This recent mass purchase brings complete devices offered at CanningHill Piers to 639 systems.

Located at Clarke Quay and also fronting the Singapore River, CanningHill Piers is a joint development by City Developments and CapitaLand Development. The task consists of a 24-storey and a 48-storey household tower connected by a skies bridge.

Showflat of a three-bedroom device at CanningHill Piers (Photo: Samuel Isaac Chua/EdgeProp Singapore).
A redevelopment of the previous Liang Court, CanningHill Piers belongs to an upcoming integrated advancement that includes CanningHill Square, with F&B and also retail electrical outlets; the 475-room resort by Moxy under Marriott International; and also 192 serviced homes under the Somerset brand name of Ascott, the serviced apartment or condo arm of CapitaLand.

When CanningHill Piers was released last November, an overall of 538 systems (77%) were occupied over one weekend, with overall sales value of $1.18 billion. Typical price of units sold was around $3,000 psf. Even the single penthouse of 8,955 sq ft on the 48th flooring was offered, for $48 million ($ 5,583 psf).

Word on the road is that a Chinese purchaser just recently bought 20 devices in a mass deal at deluxe condo CanningHill Piers. All the one- and two-bedroom systems at CanningHill Piers are said to be completely offered. When CanningHill Piers was launched last November, a total amount of 538 units (77%) were taken up over one weekend break, with total sales worth of $1.18 billion.

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