Canninghill Piers launched its sales preview on Saturday - 20 November 2021 to an overwhelming response from excited homebuyers and investors snatching up more than 75% of its total number of units in the whole development within just a few hours with prices averaging around $3,000 per sq ft (psf), with the 8,956 sq ft penthouse going for $5,360 psf.
Unit types at CanningHill Piers range from one- to five-bedders, Sky Suites, and a penthouse unit, of sizes from 410 to 8,950 sqft. Prices for the apartments start from $1.16 million for a one-bedder while four-bedders start from $5.22 million and five-bedroom premium unit on the 25th floor priced from $8.1 million. The development's super penthouse on level 48 was sold the next day after Saturday's review at $48 mil. All available prices subject to change without notice from developer.
Beyond its unmatched position overlooking two of Singapore’s historic sites - Singapore River and Fort Canning Hill, this new twin tower luxury residence is set to be a landmark in its own right. The two residential towers will be connected by a sky bridge on level 24 hosting a wide range of lifestyle facilities such as the Sky Gym, Infinity Lap Pool, Sky Gourmet, Flexi Lounge and Function Room, offering unobstructed views of Fort Canning Hill, Singapore River, the CBD, Marina Bay and beyond. Residents will also enjoy three levels of F&B and lifestyle amenities at CanningHill Square mall below.
The hotel will operate under the Moxy brand by Marriott International, while the serviced residence with a hotel licence will be managed by Somerset. Moxy is a fun, vibrant and stylish hotel designed for “always-on guests” who are turned on by new experiences amidst Moxy's lively communal spaces and energetic crew.
Kiwi Lim from Huttons Asia expected this integrated development to sell above 70% on its first day of launch as CanningHill Piers is the only hill and river dual-frontage residential development in the Central Area, offering views of Fort Canning Hill, Singapore River, the Central Business District and Marina Bay. Buyers were also attracted by the reasonable pricing for this iconic rare integrated development by two very reputable local listed developers. Kiwi Lim believe this project will continue to attract interest from prospective homebuyers and investors.
Sengkang Grand Residences also comes with a retail mall, a community club, a hawker centre, a community plaza, a childcare centre and a bus interchange. The three-storey retail mall spans over 160,000 sq ft of gross floor area. Residents can enjoy convenience to a myriad of amenities and multiple recreational options at their doorsteps as well as unmatched transport connectivity.
Sengkang Grand Residences is currently more than 91% sold and still have avail spacious 764 sqft two bedroom premium units from below $1.5 mil, three bedroom units from below $1.6 mil and large four bedroom 1,313 sqft units from $2.2x mil onwards.
Slated for completion in 2025, Canninghill Piers is designed by Danish architecture firm Bjarke Ingels Group (BIG) led by Bjarke Ingels, which is behind developments such as 8 House in Copenhagen and Via 57 West in New York. BIG is also the design architect for CapitaSpring, a soon-to-be-completed 51-storey integrated development by CapitaLand Group in Singapore’s Raffles Place CBD.