City Developments Limited and Capitaland Limited (Capitaland) announced in a joint announcement that Ascott Residences Trust (Ascott Reit) has joined a consortium to develop Canninghill Piers Showflat, which is scheduled to open in 2024.
Factsheet of condo
The proposed integrated development will span three floors and contain 700 residential units, a commercial component, and a hotel service residence with a hotel license.
The Canning Hill Piers site is collaborating with City Development Limited, CDL, Capital, and Ascott Residence Trust to develop the Canning Hill Piers site as an integrated development.
Canninghill Piers, located on the historic Fort Canning Hill in the iconic Singapore River District, will be part of an integrated development. It will include a commercial component with a retail R&B business called CanningHill Square, a Marriott International Moxy hotel, and a Somerset hotel service residence.
The site will be transformed to accommodate a 99-year lease for a mixed-use residential and commercial building, as well as a Moxy hotel operating under the Marriott International and Somerset brands, as well as a service residence.
Canning Hill Pier Residential and Canninghill Square Commercial are located on the former site of the Liang Court Shopping Center, Novotel Clarke Quay Hotel, Somerset Liang Court Service Residence, and Canninghill Square Commercial.
The new integrated development on the former Liang Court site is expected to generate significant interest from domestic and international buyers, bolstered by growing optimism about the vaccine’s introduction, strengthening Singapore’s economy, and growing investor confidence.
City Developments, Capitaland, and Ascott Residence Trust are developing Liang Court at Clarke Quay, including a commercial component, a hotel, and service residences. The new development consists of the former Liang Court Mall, the Novotel Singapore, the Clarke Quays Hotel Somerset, the Liang Court Singapore, and a service house.
The new integrated development on the former Liang Court site represents a once-in-a-generation opportunity to acquire a property with the same capital appreciation potential as the Singapore River development in the coming years.
Canninghill Piers is located in the historic Canning Hill Fort and the iconic Singapore River District 6, connected to the historic Fort via the Downtown Line MRT Station (F / B) and Lifestyle Destination Clarke Quay.
Its redevelopment provides capital and valuable opportunities for the development of an upscale riverfront residential community with breathtaking views of the river and downtown.
Canninghill Piers is a mixed-use development located on River Valley Road in Clarke Quay, close to the district’s highest return on investment. Canninghill Pier is a landmark integrated development along Orchard Road in Singapore’s Central Business District (CBD).
It is scheduled to open in October 2021. It encompasses 129,254 square feet and consists of two residential towers with 696 units, a commercial component with R&B and retail outlets, and the appropriately named CanningHill Square Hotel, which is operated by Marriott International Services under the Marriott brand and registered as Somerset Residence and Hotel.
Situated atop the former site of Liang Court, the elegant Canning Hill Piers location offers breathtaking views of the Singapore River, city panoramas, easy access to the central business district, world-class retail on Orchard Road, vibrant Clarke Quay nightlife near Robertson Quay, and the lush tranquility of Fort Canning Park, to name a few.
The most appealing feature of Canninghill Piers is its central business district location, which appeals to buyers looking for developments within a few minutes’ drive of their workplace.
River Valley is close to shopping malls, MRT stations, schools, parks, and other areas such as Orchard, Clarke Quay, and Marina Bay.
Additionally, investors seeking development opportunities will find numerous local grocery stores at Canning Hill Piers and Capital and a short drive from Newton Food Center.
Residents can anticipate more residential units being built in the river valley in the future. The revitalized riverfront property is expected to spur social activity, while the proposed integrated development will enhance pedestrian access along the Singapore River.
In the longer term, the Government announced in its 2019 Master Plan a plan to improve the district’s connectivity by connecting Fort Canning Park to the riverside settlements.
This route will also link to Pearls Hill City Park via a continuous hill-to-hill link, providing the public with a seamless belt for leisure and recreation.
The Singapore River Planning Area is well-connected by public transport, with direct access to the MRT station at Fort Canning Park