CanningHill Piers is an upcoming 99-year leasehold-integrated development developed by a joint venture of Capitaland Limited and City Developments Limited. It is situated in River Valley Road between the historic Fort Canning Hill and iconic Singapore River at District 6. The development will comprise two residential towers, each with 48 and 24 stories, made up of 696 units spread over the 139,128 square feet of land. It will be the highest luxury residential development on the Singapore River and will be created by the world-renowned Danish architect firm, Bjarke Ingels Group. The mixed development will include 20 storeys of Somerset Serviced Residence to be run through Ascott Ltd with 192 guest rooms as well as a 21-storey Moxy Hotel to be run through Marriott International with 477 guest rooms. There will be a 2 storey commercial podium CanningHill Square, for retail shops as well as Food & Beverage outlets and an upscale supermarket at the basement that is operated by Capitaland.
The location is in the heart in the heart of Clarke Quay, CanningHill Piers has excellent connectivity to public transportation and a vast variety of amenities, accessibility to conveniences and a lively life that offers a wide range of activities. This makes it an ideal spot and an ideal home for couples, singles and families, as well as investors foreign and local.
CanningHill Piers preview will be between 23rd October 2021 and 3rd November 2021, and will launch on the 6th of November in 2021. The goal is to complete the project 2025. It is being developed jointly with Capitaland Limited and City Developments Limited through Legend Quay Pte Ltd. CapitaLand Limited (CapitaLand) is one of Asia’s biggest real estate companies that is diversified. It is headquartered in Singapore CapitaLand’s portfolio extends across various real estate categories which include retail, commercial and industrial; business parks, and logistics integrated urban development, development as in addition to residential and lodging. City Developments Limited (CDL) is a world-class real estate business with a global network of 112 locations across the 29 regions and countries. The company is listed in the Singapore Exchange, the Group is among the biggest companies in terms of market capitalisation, with an extensive portfolio that spans across the globe, including hotels, residences, offices and serviced apartments, along with integrated development and shopping malls.
What makes CANNINGHILL PIERERS A PERFECT HOME?
The property is located in the District 10 area, which is prime located in the District 10, CanningHill Piers is in the Core Central Region (CCR) one of the most sought-after regions within Singapore. The only property located in Singapore that offers a unique location that has two nature elements: the hill and the river that is in its immediate surrounding. It is a short drive from the most iconic spots of Singapore and the city, it’s only a five minute drive to Central Business District. Central Business District, 7 minutes’ drive from Orchard Road and 10 minutes to Marina Bay Sands.
The CanningHill Piers is the perfect permanent residence and investment opportunity because its location is awash with facilities and conveniences within its immediate area. All levels of education are located within 2 kilometers of CanningHill Piers. This includes well-known ones. Numerous shopping centres offer convenience entertainment, banking requirements, as well as a range of restaurants. To treat medical needs there are several medical centers within 2km including Singapore General Hospital, Raffles Hospital, Mount Elizabeth Hospital and Medical Centre to name a few.
It’s situated in an area with the old world, but it is also a perfect blend of modern technology and smart home technology. With the planning of development for CanningHill’s Piers being an integrated development , and the upcoming plans to redefine Clarke Quay as a wellness and lifestyle spot home owners will see some upsides to this new development.
CANNINGHILL PIERRS IS NOT INCLUDED IN CONNECTIVITY
MRT passengers will be connected directly via an underpass to Fort Canning MRT station on the Downtown Line or take only 8 minutes to stroll towards Clarke Quay MRT station on the North East Line.
If residents prefer to drive, they have access to the CBD by the Central Expressway (CTE) which is just a five-minute drive from the property. Other easily accessible major roads near CanningHill Piers are New Bridge Road and the Marina Coastal Expressway (MCE).
A waterfront development comes with many advantages like an alternative route to the land via river taxis, which connect Marina Bay and Robertson Quay.
CANNINGHILL PIERS has EXCELLENT options for EDUCATIONAL INSTITUTIONSRiver Valley Primary School.
It is located in CanningHill Piers has a wide range of educational institutions that cater to all levels of education and gives residents an array of options to research schools. Parents can be assured that the selection of a school will be easy for all levels. There are as many as 10 preschools within 1km and about 6 kindergartens within 2 kilometers that make it convenient to drop-offs and pickups.
Here are a few of the high schools and primary schools that are within about 2km, to name the following:
- River Valley Elementary School (approx. 1 km)
- St Margaret’s Primary School (approx. 1.5 km)
- Cantonment Elementary School (approx. 1.7 km)
- Stamford Elementary School (approx. 2 km)
- Anglo Chinese Junior School (approx. 2.2 km)
- Outram Secondary School (approx. 0.9 km)
For educational institutions that are not listed Here are some in the vicinity:
- Raffles College of Higher Education (approx. 0.2 km)
- Nanyang Institute of Management (approx. 0.2 km)
- BAC College (Singapore) (approx. 0.3 km)
- Singapore Management University (approx. 1.1 km)
- Nanyang Academy of Fine Arts (approx. 1.3 km)
- Practice Performing Arts School (approx. 1.4 km)
- City College School of Design and Entrepreneurship (approx. 1.5 km)
- Lasalle College of Arts (approx. 1.6 km)
- Melior International College (approx. 1.8 km)
CANNINGHILL has a plethora of SHOPPING MALLS Clarke Quay Central.
Without taking into consideration the commercial and retail levels that will be handled in the hands of Capitaland inside CanningHill Piers itself, there is an array of shopping malls to satisfy residents’ shopping needs Some are one hop away.
1. UE Shopping Mall (400 m 5 minutes walk)
It is a bright and lively with 4 levels of mall that offers a variety of entertainment, enrichment, and lifestyle amenities that include food stores, cafes, retail and restaurants.
2. Peninsula Shopping Centre Singapore (800 meters – 11 minutes walk)
Also called Peninsula Shopping Complex, it is among the longest-running malls. It that was opened in 1974. It has a variety of products available for purchase in its shops for retail. It is renowned for its music and sports shops as well as tailors, photography and photo shops. The shops offer a varied and exclusive range of goods that cannot be found in a typical retail store.
3. Clarke Quay Central (400 m 5 minutes walk)
It’s a stunning place for dining, shopping and living with a panoramic view of Singapore’s riverfront which makes it a place not just for tourists. There are five levels of delicious culinary delights and an extensive range of retail stores that make it a place that you must visit.
4. Paragon Shopping Centre (2.4 km – 7 minute drive)
Paragon is a prestigious mall that is located at Orchard Road housing luxury consumer items and sought-after trend-setting brands that make it the preferred place for shoppers who want to be trendy.
5. Orchard Central (1.5 km – 5 minute drive)
In the middle in the heart of Orchard Road, this mall is distinguished by a chic design that consists of art installations, as well as featuring high-end brands. It offers a range of lifestyle services, including food, shopping, and health.
6. Raffles City (1.8 km – 6 minutes drive)
Raffles City is a contemporary and trendy mall that was designed by the internationally acclaimed designer, I.M.Pei to be “the city within a city” and, like a city, it is vibrant with a variety of offerings from fashion-forward tenants, superior meals and beverages (F&B) selections, and beauty-on the-go choices, with variety of options for everyone, which makes it a must.
CANNINGHILL The PIERS OFFICE HAS AN A RANGE of LEISURE options
CanningHill Piers’ location will give residents easy access to Singapore’s top places of interest. Residents will have a wide choices of leisurely activities with their family and friends. Here are the activities close to CanningHill.
1. Fort Canning Park
As for parks there are many interesting park with significant historical significance. Fort Canning Park, an iconic hilltop attraction has been the site of many historic milestones in Singapore. It has nine historic gardens, including that includes the Pancur Larangan, Artisan’s Garden, Sang Nila Utama Garden, Jubilee Park (Phase 1), Raffles Garden, First Botanic Garden, Farquhar Garden, Spice Garden and Armenian Street Park. The gardens come with trails and wayfinding guides that let visitors plan their own path and take the hill on their individual pace.
2. Singapore River Cruise
Singapore River Cruise conducts tours with traditional bumboats that depart from vibrant Clarke Quay. Bumboats on this waterway bring back memories of its old-fashioned charm, where visitors can learn about Singapore’s past and present in a single, classic journey to learn about the rich history that is Raffles Landing Site, The Merlion and Singapore’s Esplanade, Marina Bay Sands and many more.
3. National Museum of Singapore
The National Museum of Singapore is the most renowned museum in Singapore which is dedicated to the story of Singapore which dates from 1849. It’s a wonderful place to discover about our roots through the museum’s vast collection of information about our nation’s heritage and culture, and also how Singapore has flourished.
4. Merlion Park
Merlion Park is Singapore’s famous landmark and is a popular tourist attraction that is located close to Singapore’s Central Business District. Merlion Park is Singapore’s most famous landmark. Merlion is a mythological creature that has a head of a lion along with the form of fish. The Merlion is frequently used as a mascot as well as the symbol of national identity for Singapore. In addition to the significance of it, Merlion Park is a great spot for an evening stroll and soak up the city.
5. Gardens by the Bay
The park is situated near situated along the Marina Bay Waterfront in the center in Singapore, Gardens by the Bay is a haven for nature lovers as well as a premier nursery for budding horticulturists. It covers 101 acres (250 acres) within Singapore’s Central Region of Singapore, located near Marina Reservoir. Marina Reservoir and makes the ideal outdoor experience for families and acquaintances.
6. Clarke Quay
Clarke Quay is a historical riverside quay located in Singapore which is located in Singapore’s Singapore River Planning Area. The quay lies just upstream of the entrance to the Singapore River and Boat Quay. One of the most popular attractions is the thrilling host of CQ’s signature events , which take place each quarter. Clarke Quay has become known as a hub for Singaporean nightclubs, including Zirca and, up to 2008 until 2008, it was also home to the Ministry of Sound.
CANNINGHILL The PIERS’ is a DINER’S DELIGHT
People who live in CanningHill Piers are not required to travel far to enjoy numerous restaurants. Apart from the typical beverages and food options you will find in the shopping mall which is situated around CanningHill Piers, there is many international cuisines as well as F&B chains that are that are available on the Singapore River, from sophisticated Robertson Quay to the vibrant bustling Clarke Quay where CanningHill Piers is situated. For those who want a more local tastes, residents can go to one-stop food court like People’s Park Food Centre, Hong Lim Market & Food Centre or Maxwell Food Centre.
For those seeking premium, high-end eating and gourmet experiences Look no further than Orchard Road. There are plenty of cafes, restaurants, and bars that offer exquisite dining experiences, visitors are sure to leave their taste buds happy.
CANNINGHILL is a 99-year LEASEHOLD PROPERTY
99-year leasehold development projects provide appealing benefits to buyers looking to buy a home and investors looking to invest.
99 years Leasehold Properties are in High Demand
With freehold developments that are boutique comprising the majority of new developments in the present particularly in traditionally popular districts like District 9 11, 10, and 9 the 99-Year Leasehold development’s less expensive quantum of at least 15 percent of a freehold property located in the same region provides a desirable value and the high demand of interested buyers.
The 99-Year Leaseholds a fantastic option to stay clear of “freehold premium” and hefty cost of luxury furniture for developers. However, its reasonable prices allow buyers to afford a reasonable expense on their purchase. This is certainly a plus to buyers who want to upgrade their homes, thanks to the introduction the ABSD (Additional Buyer Stamp Duties) starting in 2018, where the 12% of the purchase price must be paid upfront , even if the purchaser intentions of selling their existing property.
99-Year Leasehold provides Great Value for Property Investment
Comparatively to its freehold neighbors, the 99-year Leasehold projects also offer a great potential for capital appreciation because a greater volume of transactions are expected in Leaseholds as opposed to Freeholds that are typically thought of as legacy structures and passed on to generations. Other elements, like initiatives by the URA Master Plan for that particular area, may impact the property’s value.
Investors who wish to let their home will also benefit from better rental yields with 99-year leaseholds in prime areas. This is due to the leasehold’s high-quality addresses in the district and superior facilities for property owners allow them to obtain higher rents than freehold properties and taking on a smaller initial capital commitment.
CANNINGHILL The PIERS DEVELOPERS BACK BACKGROUND
CanningHill Piers will be jointly constructed through Capitaland Limited and City Developments Limited in partnership through Legend Quay Pte Ltd.
CapitaLand Limited (CapitaLand) is one of Asia’s biggest real estate companies that is diversified. It is headquartered in Singapore the company has the world’s largest portfolio, which is estimated to be worth S$138.7 billion at the end of June 2021. CapitaLand’s portfolio covers a range of real estate categories, which include retail, commercial, industrial and business parks; logistics integrated urban development, development as in addition to residential and lodging. With its presence in over 250 cities across more than 30 countries The Group is focused upon Singapore as well as China as its main markets, but it is also continuing to expand into areas like India, Vietnam, Australia, Europe and the USA.
CapitaLand is one of the most significant Real Estate Investment Management companies worldwide. It is the manager of six listed REITs (REITs) along with business trusts, as well as more than twenty private fund. CapitaLand created its first Singapore-based REIT in the year 2002. today, its portfolio of business trusts and REITs includes CapitaLand Integrated Commercial Trust, Ascendas Real Estate Investment Trust, Ascott Residence Trust, CapitaLand China Trust, Ascendas India Trust and CapitaLand Malaysia Mall Trust.
CapitaLand puts sustainability at the heart of everything it does. As an responsible real estate firm, CapitaLand contributes to the wellbeing of the social and environmental aspects of the communities in which it operates and provides long-term value in its economics to its customers.
City Developments Limited (CDL) is a leading international real estate company that has 112 sites across the 29 regions and countries. It is listed in the Singapore Exchange, the Group is among the top firms by market capitalization. The Group’s stable and diverse income portfolio includes offices, residential as well as hotels, serviced apartments as well as integrated developments along with shopping centers.
With a track record of more than 55 years of real property development, investment and management The Group has constructed more than 47,000 residences and has 23 million sq ft of lettable floor space in commercial, residential and hospitality properties across the globe. The Group’s diverse global land bank provides three million square feet of land.
In addition to its hotel subsidiary wholly owned by the Group, Millennium & Copthorne Hotels Limited (M&C) The Group includes 152 hotels and 44,000 rooms around the world, including numerous of them in cities that are gateways to.