by City Development (CDL), CapitaLand and Ascott Reit
Located in District 6 along River Valley Road and close to Clarke Quay estate, Canninghill Piers is a new upcoming development spearheaded by City Development and CapitaLand.
The property is configured to accommodate around 700 units in two residential towers. The former site development includes the Novotel Hotel, Liang Court Mall and Somerset. Liang Court serviced residences.
In a joint statement, City Development (CDL) and CapitaLand announced that the Ascott Residence Trust (Ascott Reit) would join the consortium that will develop Canninghill Piers, which is expected to be completed in 2024. 100,263 square meters.
The planned development will include a hotel, commercial units and a residence with services after approval by the respective authorities. You enjoy the direct connection to the MRT Fort Canning. ) sold the property to CLD and CapitaLand for 50:50 development. Ascott Reit also sold a portion of its on-site assets, including Somerset Liang C.
Upon completion of the Canninghill Piers construction, CDL-CapitaLand will own the commercial and residential components, while Ascott Reit will have 192 serviced residential units and hotel licenses.CDLHT will own the 460-470 room hotel under a pre-sale agreement with CDL.
The hotel is managed by Marriott International as Moxy and the serviced residences are operated as Somerset. To renovate the Riverwalk and bring new life to the Canninghill Piers. The plans correspond to the URA master plan for 2019 to increase vitality in the region. Demand for Canninghill Piers is expected to be high due to its strategic location with easy access to amenities.
|Project name:||CANINGHILL PIERS|
|Address:||River Valley Road|
|Developer:||City Development (CDL), CapitaLand and Ascott Reit.|
|Description:||Proposed Mixed-Use Development Comprising 1 Block 48- Storey and 1 Block 24-Storey Residential Flats (Total 696 units) with clubhouse, swimming pool & communal facilities, 1 Block 21-Storey Hotel (477 guestrooms) and 1 Block 20-Storey Hotel (192 guestrooms), 2-Storey Commercial Podium and 4 levels basement car park with commercial at basement 1|
|Total Units:||696 units|
|Land Size:||12,925.4 sqm|
|Total Number Of Storeys:||1 Block 48-storeys and 1 Block 24-storeys|
|Expected Date of Completion:||2nd Quarter 2024|
Three main developers behind Canninghill Piers are CDL, CapitaLand and Ascott Reit. Residential and commercial units are shared 50:50 between CapitaLand and CDL, the hotel is under CDL, while Ascott Reit is taking over the serviced apartments with a hotel license.
These Singapore developers based on real estate are not new to the real estate scene and have already completed previous high-profiled projects designed to exceed industry standards. View more at our blog.
Centrally Located at River Valley estate
- Located in matured neighbourhood offering abundance of retail malls and recreational amenities.
- Short 2-mins walk with sheltered walkway to Fort Canning MRT and Clark Quey bus interchange.
- Good connectivity to other parts of Singapore via major expressways such as The Central Expressway (CTE), Kallang Paya-Lebar Expressway (KPE), and Ayer Rajah Expressway (AYE).
Surrounded by Malls and Grade-A Offices
- Next to Fort Canning MRT Station on the Downtown Line and a walk away from Clarke Quay MRT Station on the North East Line.
- Abundance of retails malls - FairPrice Chinatown Point, Cold Storage UE Square, and I-Tec Supermart Pte Ltd.
- Recreational amenities and parks with the vicinity such as Fort Canning Park.
- Excellent high potential for Resale and Rental & Great Potential for good Capital Appreciation
Indicative Price (TBC):
Frequently Asked Questions
The Canninghill Piers is located along River Valley Road in District 6. Situated in the matured neighbourhood of Clarke Quey estate with abundance of amenities, The Canninghill Piers condo also provide covered walkways to Fort Canning MRT and Bus Interchange so that residents are sheltered from sudden weather change!
There are major shopping malls such as FairPrice Chinatown Point, Cold Storage UE Square, and I-Tec Supermart Pte Ltd for all daily shopping needs.
Yes, amenities can be easily accesible from Canninghill Piers at the heart of Ophir-Rochor Corridor.
Malls & Amenities - FairPrice Chinatown Point, Cold Storage UE Square, and I-Tec Supermart Pte Ltd.
Canninghill Piers Square is 5 minutes away from prestigious schools like Cambridge @ Robertson, River Valley Primary School and Outram Secondary School.
Canninghill Piers is 100m away from Fort Canning MRT Station (Downtown Line).
Canninghill Piers condo is 100m away from Fort Canning Interchange.
Canninghill Piers Condominium, jointly developed by City Development (CDL), CapitaLand and Ascott Reit is expected to be completed by November 2027.
Canninghill Piers is a brand-new mixed commercial cum residential development. This development sits next to Fort Canning MRT station showcasing a total of 480 private homes integrated with Clark Quey bus interchange, polyclinic, and town plaza.