CANNINGHILL PIERS PRICE
Canninghill Piers Price
CanningHill Piers is a one of its kind development in Singapore. Firstly, it is strategically located at Clarke Quay which is in the Core Central Region (CCR) and in the city center. Though the area is predominantly commercial, however, this project will be the first integrated development with a residential component in Clarke Quay. Renown for its vibrant lifestyle offering, Clarke Quay is a popular location for property buyers as the site offers tremendous growth potential. As land in Singapore is scarce, land in the city is even more limited. Furthermore, Clarke Quay is dominated by F&B and entertainment establishments today, there is a shortage of residential units in this location.
Continous Price Increase In Core Central Region
Despite being close to the Central Business District, Clarke Quay offers a good mix of establishments that includes F&B, entertainment, and retail and it is well located along the Singapore River. Prices in CCR have been growing steadily by 4.4% over 15 years. Even during the Covid-19 pandemic, URA has reported that prices for the region have increased by 0.5% and 1.1% in Q1 and Q2 2021 respectively. This is a testimony of the resilience of the property market in CCR in the midst of the global economic crisis. For home buyers and investors, the good news is that as the price of property increases in CCR, CanningHill Piers Price will naturally ride on the uptrend.
First Integrated Development In Clarke Quay
The CanningHill Piers Price is determined by a few factors and one of them is the type of development. There is much residential development in Singapore however residential development within an integrated development is limited. And furthermore, there is no existing integrated development at Clarke Quay or along the Singapore River. There are a total of 13 completed integrated developments in Singapore and 6 in CCR. 3 of these are within the Central Business District, 1 in Orchard Road and 2 in the Bugis-Beach Road area. However, there are none along the Singapore River or Clarke Quay.
The definition of integrated development is different from mixed-use development which includes residences with a commercial component. Integrated development involves significant integration with shopping malls, transport nodes, and other components such as hotels, serviced residences, or even civic elements such as community centers and parks. Compared to regular private residences in the city, the value of integrated developments is derived from the various components within the project. For instance, a successful operation of the retail mall would increase the appeal of the residential units and thus have a positive effect on the CanningHill Piers Price.
The Evolution Of Real Estate In The City
Based on the URA Masterplan released in 2019, there are major plans to rejuvenate the Central Area of Singapore such as the Singapore River and the Central Business District. With the proliferation of the digital economy during the pandemic, the real estate landscape has changed in the city. With the trend of working from home, there is a need to transform the present land use in the city to be a place where people can live, work, and play. As such, URA has already implemented incentive schemes to encourage developers to transform existing commercial buildings into mixed-use developments so that residents can live and work in the same area.
Moving forward, we can expect growing residential communities in the city while infrastructures and amenities will also evolve to support the needs of residents and families. Coupled with the Greater Southern Waterfront transformation in the Marina area and beyond, it is foreseeable that these changes will contribute positively to the CanningHill Piers Price in the future.
Check Canninghill Piers Unit Mix to get more related information.
BOOK APPOINTMENT AND GET DIRECT DEVELOPER PRICE
CanningHill Piers is part of a new integrated development that includes includes a commercial podium CanningHill Square with F&B and retail outlets, a 475-room hotel operated under the Moxy brand by Marriott International and a 192-unit serviced residence managed by The Ascott Limited.
CanningHill Piers is located at Singapore’s favourite lifestyle hub Clarke Quay. This new development is seated along River Valley road, between the historical Fort Canning Hill and the iconic Singapore River in prime District 6.
CanningHill Square which is located within the integrated development offers a wide variety of F&B and retail shops for the convenience of the residents. In addition, residents can also access many quality shopping malls close to the development such as The Central at Clarke Quay MRT, Chinatown Point at Chinatown MRT, Marina Bay Sands Shoppes at Bayfront MRT, Raffles City Shopping Centre at City Hall MRT, Bugis Junction at Bugis MRT and Suntec City at Promenade MRT.
In addition to shopping malls, CanningHill Piers is located at one of Singapore’s famous is close to many exciting recreational venues such Fort Canning Park, Gardens by the Bay, Marina Barrage, Marina Bay Sands and Chinatown.
CanningHill Piers offer many choice schools close to the development which includes River Valley Primary at River Valley Close, Stamford Primary at Victoria Lane, Cantonment Primary at Cantonment Close and Outram Secondary at York Hill. In addition, with the convenience of Fort Canning MRT and the Downtown line, students can commute directly to many prestigious schools such as Anglo Chinese School at Newton MRT, Singapore Chinese Girls School at Stevens MRT, Hwa Chong Institution and Nanyang Girls at Tan Kah Kee MRT.
CanningHill Piers is directly linked to Fort Canning MRT on the Downtown line and it is an estimated 8-minute walk to Clarke Quay MRT on the North East line. In addition, there are major bus services right in front of the development and for drivers, major expressways such as MCE, ECP and AYE are within close proximity.
The expected TOP date for CanningHill Piers is 30 June 2027.