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Canninghill Piers Condo
Canninghill Piers is an upcoming integrated development that is going to be located in the vicinity of Clarke Quay – at River Valley Road, to be more precise. The property is expected to yield about 700 units in two residential towers. Through a joint release, CapitaLand and City Development have announced that the entry of Ascott Residence Trust into the consortium should be finished in the year 2024.
Canninghill Piers Overview
|Project Name||Canninghill Piers (Former Liang Court)|
|Developer & Registered Address||City Developments Limited (CDL), CapitaLand Limited (CapitaLand) and Ascott Residence Trust (Ascott Reit)|
|Address||177 River Valley Road Singapore 179030|
|Showflat Location||River Valley Road|
|Developer Sales Hotline||+65 6100 0910|
|Est Indicative Selling Price Range||Above S$ psf|
|Tenure||99 years leasehold|
|Description||Canninghill Piers, new integrated development developed by CDL, CapitaLand and Ascott Reit. Target to launch in 2024.
An integrated development comprising:
|No of Units||Integrated development with 700 residential apartments|
|Land Area||12,925.4 sqm (click here for Site Plan)|
|Gross Floor Area||
|Expected TOP||Est. 2024|
Canninghill Piers has a landmass of an astonishing 100,263 square meters and the proposed development is expected to be equipped with a serviced residence, a hotel, and some commercial units. It is also expected to be directly connected to Fort Canning MRT.
The redevelopment of the site took place after CDL Hospitality Trusts sold the property to CapitaLand and CDL, just so it could eventually be redeveloped on a 50:50 ratio. Ascott Reit has sold some of his property on the site – one good example of this is when Ascott Reit sold the Somerset Liang Court to CDL.
Once the property project has finally been completed, CapitaLand and CDL will own both the residential and the commercial properties. It is also important to note that 192 serviced residential units that have a hotel license will belong to Ascott Reit.
CDLHT is expected to wind up owning the hotel – which will be equipped with anywhere between 460 and 470 rooms – under a forward purchase agreement with CDL. This hotel will operate as Moxy and it will wind up being run by Marriot International. The serviced residences will wind up operating as Somerset.
To add new life to Canninghill Piers, the top three developers in Singapore are also planning on recreating the river promenade. Currently, their plans are going hand-in-hand with URA’s 2019 Master Plan of increasing vibrancy in the area. Due to its strategic location with easy-to-access amenities, the upcoming development project is expected to be a huge success.
CapitaLand, CDL, and Scott Reit are the top three developers that are currently working on the CanningHill project. CapitaLand and CDL share both the residential and the commercial units on a 50:50 basis. Although the hotel is under the ownership of CDL, the serviced apartments that have a hotel license are under the ownership of Ascott Reit.
The thing about all three of these Singapore-based developers is that they are not new when it comes to the real estate scene – they have worked on some really important projects that were designed to surpass the industry’s standards.
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Canninghill Piers: Enhanced Convenient at a Well Connected Location
Some condominium properties that can be found in River Valley – including some neighboring areas like Orchard and Cairnhill – are known for being highly demanded by wealthy Singaporeans and wealthy foreigners alike. There are many different reasons why so many people are in love with the properties that can be found in the District 09 area of Singapore, with the location being one of the most important ones. These properties sit on a really nice piece of land that is located in the central region of Singapore and they offer easy access to some of the best shopping options, lifestyle amenities, parks, and reputable schools that Singapore has to offer. Due to their luxurious lifestyle, these are the most popular neighborhoods that anyone could find in Singapore these days.
Since River Valley is one of the most family-centric neighborhoods that District 09 has to offer, there is no doubt that all the future residents of Canninghill Piers expect a lot of good stuff from this project. When it comes to living in this part of Singapore, everything is pretty much right next to your doorstep, including the highly acclaimed Orchard Road shopping belt.
Canninghill Piers presents one of the best opportunities for you to live in River Valley. So, if you are wondering what some of the benefits of living in such a beautiful neighborhood are, here is a quick rundown that should be able to give you a clear picture of what you should expect from this place! Contact us for a showflat viewing.
Location is the key to success when it comes to the real estate industry. That being said, the location of a condominium project has a great impact on its property value. The prestigious District 09 has pretty much everything that you can possibly wish for these days. Owning a property at Canninghill Piers or living here means staying close to some of the most interesting amenities that Singapore has to offer. MRT stations, restaurants, shopping destinations, parks, schools, places of worship, and the city itself – all of these things sit close to Canninghill Piers. Buying a residential unit at this beautiful location will allow its residents to enjoy the level of convenience that cannot be found anywhere else.
One of the main reasons why there are many ex-pats out there who prefer living in River Valley condos lies in the fact that this area offers quick access to some really interesting amenities – it is also located near the Central Business District, so that helps, too. Canninghill Piers is located in the central region of Singapore and the only thing that separates it from the CBD is a short, 11-minute drive. Dhoby Ghaut MRT station is also a stone’s throw away from the residential units. When you combine Canninghill Piers’s central location in the heart of Singapore with its enhanced connectivity, you get a place that offers its residents seamless connectivity to other parts of the island.
When it comes to shopping and dining in Singapore, there is a whole lot of different options available for the residents of River Valley. Apart from the upcoming hotel that is going to be a part of Canninghill Piers, the residents of River Valley can easily access the restaurants that are located nearby. As far as shopping, the River Valley residents are just a few minutes away from Great World City, as well as the popular Orchard Road shopping belt that is equipped with a wide variety of malls and shopping centers. On top of that, the nearby town of Robertson Quay is a place that is equipped with some really nice places where you can relax and get rid of all that stress that may have built up inside of your head.
One of the main reasons why River Valley is considered to be a family-friendly area lies in the fact that it is close to a wide variety of schools (such as River Valley Elementary School). The area is really popular among expatriates and it is packed with all sorts of schools – from the Overseas Family School to the Singaporean International Schools.
District 09 is also known for being packed with places of worship. The Sri Thendayuthapani Temple can be found at Tank Road, which is only a short, 7-minute stroll away from Canninghill Piers. Some other nearby places of worship include Ngee Ann Kongsi (a 9-minute walk away), Chesed-El Synagogue (a few-minute walk away), and St. Bernadette (also a few minute-walk away).
River Valley is also packed with some really good private medical centers and hospitals such as Gleneagles (a 12-minute drive away), Camden Medical Center (an 11-minute drive away), and Mount Elizabeth (a 9-minute drive away). Since all of these medical centers are positioned close to Canninghill Piers, it is safe to say that future residents will have quick access to quality medical care.
If you decide to go for a nice stroll along the river, you will soon realize that River Valley is an ideal place to enjoy some beautiful greenery. Thanks to the many different outdoor destinations that are available nearby, the Canninghill Piers residents will appreciate every little thing that the area has to offer. Apart from the beautiful Fort Canning Park, there is a wide variety of kid-friendly places in the neighborhood. Due to all the cultural and heritage sites that are available nearby, there are many different outdoor options available for the residents of Canninghill Piers condominium.
Showflat viewing for Canninghill Piers condo will be availabe in mid-2021.
Canninghill Piers: The Surrounding Facility
River Valley is known for offering seamless connectivity to its condo residents. Canninghill Piers features several different bus services that have bus stops scattered throughout the district. It would only take you about 15 minutes to get from Canninghill Piers to the Dhoby Ghaut MRT station by walking. Also, transportation to some other nearby MRT stations such as Orchard, Newton, Somerset, and Bras Basah is a breeze.
The upcoming Great World MRT station will be one of the best MRT stations that Canninghill Piers has to offer. Once this station has been completely built, the residents will be able to access it without breaking pretty much any sweat – it should serve as a connection between them and the Thomson-East-Coast MRT Line.
When it comes to car owners, they should have absolutely no problems when it comes to getting around the neighborhood, as well as getting to some other parts of Singapore. Thanks to its proximity to CBD, River Valley is well-served by major roads and expressways.
For married couples with kids, Canninghill Piers is an ideal place for them to live and one of the main reasons for this lies in the fact that there are many different reputable schools nearby. The schools cut across a wide variety of educational levels of Singapore and on top of that, the area is packed with some really good international schools as well. Since there are many different education options available in Canninghill Piers, you should have an easy time choosing the best curriculum for your kids and the best thing about all of this is that your kids would be able to learn new things without going too far away from their home. The following are some of the best schools that you can find in Canninghill Piers:
- River Valley Primary School – a 6-minute drive away
- School of the Arts Singapore – a 6-minute drive away
- Singapore Management University – a 6-minute drive away
- ISS International School – an 8-minute drive away
- Lasalle College of the Arts – a 9-minute drive away
- Gan Eng Seng Secondary School – a 10-minute drive away
- Anglo-Chinese School (Junior) – a 10-minute drive away
- Alexandra Primary School – an 11-minute drive away
Married couples with young kids will also appreciate the fact that there are some good children care centers and preschools nearby.
A good shopping mall is one of the most important amenities that you should look for before buying a new home. Whether or not you consider yourself a shopping enthusiast, it is safe to say that living just a few minutes away from a good shopping center can make your life so much easier. River Valley is known for being packed with all sorts of malls and it also offers easy access to more retail and grocery shopping options that can be found in the area. The malls also offer some really nice places where both you and your loved ones could hang out when you are not shopping. This includes things like cafes and restaurants that serve some tasty drinks and delicious foods regularly.
Being known as the shopping paradise that it is, there is no doubt that River Valley has something for everyone when it comes to the world of shopping. The neighborhood is packed with some really good malls that would allow you to buy just about anything that you may ever need while staying here – and if that is not enough, you can easily go to neighboring areas to find more shopping options. Orchard Road is one of the best areas that Singapore has to offer when it comes to shopping. From trendy fashion products, big brands, convenient supermarkets, and cosmetic stores to hundreds of different food options – these shopping malls have it all! The following are some of the best malls that you can find right next to Canninghill Piers:
- UE Square – a 6-minute walk away
- Robertson Walk – an 8-minute walk away
- Clarke Quay – a 4-minute drive away
- Great World City – a 6-minute drive away
- Plaza Singapura – a 5-minute drive away
- Orchard Building – an 8-minute drive away
- Tripleone Somerset – a 5-minute drive away
- Orchard Point – a 6-minute drive away
- Orchard Central – a 9-minute drive away
- Orchard Gateway – a 7-minute drive away
- The Cathay – a 6-minute drive away
- 313 Somerset – a 6-minute drive away
- Heerens – a 9-minute drive away\
- SCAPE – an 8-minute drive away
- The Centrepoint – a 9-minute drive away
- ION Orchard – a 10-minute drive away
- Paragon – a 9-minute drive away
- Wisma Atria – an 8-minute drive away
- Lucky Plaza – a 10-minute drive away
- Park Mall – a 7-minute drive away
- Wheelock Place – an 8-minute drive away
- Tang Plaza – a 10-minute drive away
- Cuppage Plaza – a 7-minute drive away
- Valley Point – an 8-minute drive away
Since there are so many different shopping options available pretty much next to Canninghill Piers, there is no doubt that the future residents of this place will be surprised by such a big amount of available options when it comes to the world of shopping. It should also be noted that apart from shopping, some of these malls are equipped with things like gyms, restaurants, and many different entertainment amenities, and they also offer some important services such as health clinics, laundromats, and banking services.
When it comes to globally inspired food options, River Valley is pretty much the ultimate destination for just about any food enthusiast out there. The food scene keeps improving at this place and deploying only the best foods from its restaurants, food courts, eateries, food kiosks, bakeries, fast food restaurants, and just about any other food-serving place that you can think of. With this in mind, when it comes to living at Canninghill Piers, chances are that your favorite dish is just a few minutes away from you. The many different food options that are available in River Valley include pretty much anything and everything from international delicacies to traditional and cultural Chinese food. The following are three of the best places that just about any food enthusiast out there should visit at least once:
- Feng Ji Chicken Rice
- Bistecca Tuscan Steakhouse
- Japanese BBQ Yakiniku Yazawa
Feng Ji Chicken Rice is only about six minutes away from Canninghill Piers if you go on foot. The quality of chicken rice that is offered in this place is rarely found anywhere else. Feng Ji Chicken Rice offers you pretty much the best version of this classic local dish. So, whenever you feel like you want to eat a portion of chicken rice, this is the place to be.
Bistecca Tuscan Steakhouse is only about nine minutes away from Canninghill Piers if you go on foot. Apart from their incredible steak, chances are that you will wind up loving the place’s decorations that blend so nicely with its intimate ambiance. If you are in love with someone, this is pretty much the perfect place to take that person to for a night out.
Japanese BBQ Yakiniku Yazawa is an ideal place for just about any person out there who is a fan of Japanese food. One of the best things about this place is that it is only about seven minutes away from Canninghill Piers if you go on foot. This restaurant offers some really good Japanese dishes at affordable prices. It is safe to say that this is one of the best places to head to for either lunch or dinner in the entire neighborhood.
Some other dining options that this area has to offer include Okinawa Dining, Chikuyotei, The Tavern Pub and Restaurant, FOC Restaurant, and more. Generally speaking, the dining options in River Valley are pretty much unlimited and you can also find some more nice destinations in Valley Point and Great World City.
Parks & Recreational Areas
From a recreational standpoint, Canninghill Piers is not a disappointment at all. It is equipped with several different outdoor recreational spaces that its residents can enjoy any time they want to. There is a wide variety of recreational options waiting for you at Canninghill Piers condominium. Even if you want to live alone, there is no doubt that you will appreciate all that extra convenience when it comes to accessing parks and the area’s tranquility and laid-back nature could help, too.
Fort Canning Park is just a short, 5-minute walk away from Canninghill Piers. If you ever feel like you want to spend some quality time in nature’s arms, Fort Canning Park is the place to be. Apart from being an iconic landmark, this park is also filled with history. The site that the park is located at was once the home to some of the kings from the 14th century. It also served as the headquarters for the Far East Command Center and British Army Barracks.
Today, both the ruins and the well-kept underground tunnels can be seen at the site. Both of these things can give you a pretty good idea of what Singapore’s past life was all about. This place is also equipped with a whole lot of exotic plants and walking trails. Several different special occasions like concerts, theater productions, and festivals are held in the park every once in a while.
There are nice really important gardens in this area that you can visit:
- Artisan’s Garden
- First Botanic Garden
- Raffles Garden
- Sang Nila Utama Garden
- Jubilee Park (Phase 1)
- Spice Garden
- Armenian Street Park
- Farquhar Garden
- Pancur Larangan.
The URA and the National Parks Board have teamed up to enhance the green spaces and open more public spaces in the city that the future residents of River Valley will benefit from. Turning Orchard Road into a lifestyle destination is a part of the plan. The plan also states that there will be a 6-km long green connector running all the way from the Singapore River to the Singapore Botanic Garden. The access point to the Singapore River from Fort Canning Park is also expected to be improved upon.
Canninghill Piers: Showflat Viewing
|Unit Type||Size||No. of Units|
|1 bedroom||463 sqft||TBA|
|2 bedrooms||581 – 678 sqft||TBA|
|3 bedrooms||840 – 1087 sqft||TBA|
|4 bedrooms||1238 – 1367 sqft||TBA|
|5 bedrooms||1690 – 1722 sqft||TBA|
Why Should I Invest in Canninghill Piers?
When it comes to the world of investments, Singapore is one of the best places in the world. It is up to you to decide where and how you want to invest your hard-earned money. The URA has divided Singapore into three different regions – CCR, OCR, and RCR.
The Core Central Region (CCR) covers some of the best parts of Singapore, including the Central Business District, Districts 09, 10, and 11, and Sentosa. This is a highly popular region of Singapore due to its great location and beautiful high-end properties, both for sale or rent. If you are all about good rental income, awesome location, capital appreciation, and luxurious lifestyle, there is absolutely no doubt that this is the place to be for you.
Great Location and Infrastructure
The properties that can be found in the CCR region of Singapore are highly-priced because of their great connectivity, quick access to amenities, and – of course – a strategic location. When compared to some other regions, living in this region of Singapore is so much more stress-free. Canninghill Piers is also included in the list as one of the upcoming new condo launches in the CCR region.
High Capital Appreciation
It is natural for you as an investor to want to invest your money in a real estate area that has a good capital appreciation. The CCR region of Singapore is pretty much made for people like you. Some statistics have shown that 729 new launch residential property units were sold in the first quarter, 1,171 units in the second quarter, and 1,470 units in the third quarter of 2017. According to a 2018 market report, the sales of latest new condo launches had already gone over $5 million since the year 2014.
Great Rental Income
CCR properties are the least affected properties in Singapore when it comes to rental income drops. In the final quarter of 2018, the residential property vacancy rate stood at 6.8%. This is often attributed to the reduction of the foreign worker quota and oversupply. Perhaps the best thing about CCR is that it enjoys a much more stable rental income with only a slight reduction. The condominium rental income in this region was only reduced by 3.8% back in 2018, whereas both RCR and OCR experienced a rental income reduction of 5-5.6%.
Limited Land Supply
It is important to note that the land supply in Singapore is limited. New launch properties that can be found in CCR are not going to be available for sale for much longer, so if you really want to own a condo property in this region of Singapore, you have to be ready to act as soon as the opportunity presents itself to you. Since this region is the best place to invest in a condominium in Singapore, buying a property here can be compared to buying shares of an established brand. This is because CCR residences properties are much more stable with guaranteed returns on your investment.
The URA Master Plan
River Valley is the latest planning area that is located within the Central Area of Singapore. It is a popular place for wealthy locals, rich Westerners, and European settlers. This area offers easy and convenient access to malls, schools, parks, MRTs, Orchard, Marina Bay, Clarke Quay, and more interesting places. Although the situation in River Valley is already great, things are going to get even better once the URA’s Master Plan gets implemented into the new launching project.
Expanded Arts and Cultural Precinct
Some of the most important historic districts of Chinatown, Little India, and Kampong Glam will be enhanced through collaborative efforts with communities and local businesses. All these new public spaces and arts and cultural precincts will give the future River Valley residents an experience that they will not be able to find anywhere else.
Development of Livable and Inclusive Neighborhood
River Valley is a vibrant neighborhood that offers easy access to many different amenities. The URA’s Master Plan will make the area even more livable than it already is by injecting new amenities in places like Rochor, Marina East, and Downtown to allow the future residents to live and work near all the important amenities.
Orchard Road will be turned into a lifestyle destination that offers a great dining and shopping experience. According to the plan, this place will be transformed into a lush, green corridor. A brand-new, 6-km long corridor will be introduced to the area and its main purpose will be to link Orchard Road to the Singapore Botanic Gardens and Fort Canning Park.
New Green Spaces
The creation of new green spaces is one of the most important parts of the River Valley development plan. Although it is true that more new homes are expected to be developed in the future, the already existing mature trees and the overall green ambiance of the area will not be affected in any way, shape, or form.
A brand-new linear park will be added to the area and it will link the River Valley residents to both the Kim Seng Park and the Canal Linear Park. The people who live in this area are already witnessing the introduction of some new parks like Jubilee Park and Armenian Street Park. The River Valley residents can look forward to the introduction of some new corridors, parks, sports facilities, and green spaces to visit around the residential area.
According to the plan, the connectivity that is present within the central area will be improved upon with the introduction of both the Thomson East Coast Line (TEL) MRT station and the Circle Line (CCL) MRT station. Thanks to the new commercial spaces, housing residences units, and other mixed-uses, the whole place will get many more city living options.
If you consider yourself a cycling enthusiast, the city center is the place to be for you because a brand-new 5-km long cycling network will be incorporated into it in the future. Pretty much everyone will benefit from such good connectivity since the urban village will go from a car-centric place to a more relaxing neighborhood that is perfect for both walking and cycling.
More Housing Units
River Valley has gone from an area that is packed with things like mansions and skyscrapers to an area that is all about luxurious clubs, boutiques, and restaurants. Because of this, single-family homes are getting more and more scarce with every day that goes by. You can expect this trend to continue as more housing units are developed in River Valley.
Modern homes are designed in such a way that they offer the maximum level of convenience to their owners. Some of the homes that are being developed by the leading developers in Singapore will feature things like cafes, swimming pools, and fitness centers. Adding more homes to River Valley will provide its residents with a great opportunity to live right next to public transport nodes and the city. Marina South is one of the areas that will experience the addition of new housing units.
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