Overview Rating
Canninghill Piers is an attractive condo development with excellent connectivity and proximity to amenities, making it an ideal choice for both homeowners and investors. The project has strong potential for resale and future development in the area ensures that it remains desirable for years to come. However, being sold under a 99-year leasehold tenure might be a concern for some buyers. Overall, Canninghill Piers scores highly in most aspects and is worth considering as an investment or place to call home.
Tenure
Canninghill Piers is sold under a 99-year leasehold tenure.
Amenities
Nearest MRT Station: Fort Canning MRT (1 min walk, 75m) and Clarke Quay MRT (6 min walk, 363m).
Schools: Several schools are within close proximity, including Singapore Management University, Tao Nan School, and the School of the Arts.
Shopping and dining: The integrated commercial development at Canninghill Piers, Clarke Quay Central Mall, Orchard Road shopping district, and Robertson Quay are all nearby.
Future Development
According to the Masterplan 2019, the area surrounding Canninghill Piers will see enhancements to its riverfront spaces, including a pedestrian promenade and a hill-to-hill connecting path. These developments may positively impact property appreciation over time.
Sale PSF Price
Average sale PSF for Canninghill Piers over the past year is $3,136.
Comparing to other regions:
OCR average: $1,971
RCR average: $2,294
CCR average (where Canninghill Piers is located): $2,585
Resale Potential
Factors influencing resale potential include its strategic location near public transportation hubs and amenities; rich history and vibrant lifestyle in the area; and being part of an integrated development which may attract buyers looking for convenience.
Rental Yield
The potential rental yield for Canninghill Piers can be considered moderate to high due to its prime location with nearby amenities such as MRT stations and shopping malls. The average rental yield in Singapore is around 3-4%.
Canninghill Piers: A Comprehensive Review
Introduction:
Nestled in the prime District 6 of Singapore, Canninghill Piers is a luxurious integrated development that offers upscale living along the iconic Singapore River. It comprises two residential towers with a total of 696 units, ranging from one to five-bedroom options, as well as various commercial components such as retail shops and dining spaces. Boasting top-notch facilities and unparalleled connectivity, this 99-year leasehold condominium is set to redefine urban living in the Core Central Region.
Location:
Canninghill Piers enjoys an enviable location along River Valley Road in Clarke Quay. The development’s strategic positioning provides residents easy access to public transportation options like Fort Canning MRT station on the Downtown Line and Clarke Quay MRT station on the North-East Line. Additionally, bus stops at its doorstep offer multiple services connecting to Orchard shopping district.
The condo’s location also caters to families with children, thanks to its proximity to reputable schools including Alexandra Primary School, ISS International School, and Singapore Management University. For those who love shopping and dining out, Clarke Quay Central mall is just around the corner while Robertson Walk offers a range of bars and restaurants for leisurely evenings.
However, the vibrant nightlife surrounding Canninghill Piers might not be ideal for those seeking peace and tranquility. Noise from nearby entertainment venues may be a concern for some residents.
Units:
Designed by renowned architecture firm Bjarke Ingels Group (BIG), Canninghill Piers offers diverse unit types catering to various lifestyle needs. Ranging from compact one-bedrooms up to spacious five-bedroom units, each residence features practical layouts that maximize space utilization without compromising aesthetics.
High-quality fittings and finishes are evident throughout all units, exemplifying modern luxury living. Some unique design elements include sky terraces that provide stunning views of Fort Canning Hill and Marina Bay city skyline.
Price:
Canninghill Piers’ price range is indicative of the premium quality and central location it offers. With an average sale PSF of S$3,136 (as of April 2023), the condo’s value may seem steep in comparison to other properties in the area. However, considering its integrated nature, top-tier facilities, outstanding connectivity, and proximity to both Fort Canning Park and Singapore River, potential buyers may find justification in its pricing.
It is essential to evaluate current market conditions and compare similar properties before making an informed decision on whether Canninghill Piers offers competitive value for money.
Conclusion:
In summary, Canninghill Piers presents an enticing option for those seeking a luxurious lifestyle in a prime urban location. Its strategic positioning near key amenities and transportation options is undoubtedly a strong selling point. However, potential buyers should carefully consider factors such as noise levels from nearby nightlife establishments and whether the premium pricing reflects the condo’s overall value proposition.
For individuals who prioritize convenience and upscale living with access to world-class shopping, dining, entertainment venues, reputable schools, and public transit options right at their doorstep – Canninghill Piers could be a worthy investment opportunity.
