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5 District 9 Condo Alternate Options to CanningHill Piers

Haus on Handy is a a condo alternative to CanningHill Piers


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CanningHill Piers – Singapore’s hottest new launch in the last quarter of 2021 – is seeing strong interest from investors and homeowners, so much that showflat viewing appointments are tough to secure. All 1 and 2-bedrooms were snapped up over the launch weekend.

These smaller units are lucrative targets for investors or individuals who do not need or cannot afford the bigger and more expensive units. 

If you were unable to secure a unit at CanningHill Piers, consider these five condo alternatives in the neighbouring River Valley and Clarke Quay districts.

We compare their location and price point, as well as the investment opportunities they provide. 

Haus on Handy

A great alternative to CanningHill Piers is the soon-to-be completed Haus on Handy, a 188-unit condo that offers even greater accessibility, even if it doesn’t offer the perfect options for night parties. 

As it’s right next to the The Cathay and Plaza Singapura malls, there won’t be a shortage of family-friendly dining and entertainment outlets. If you don’t feel like driving, Dhoby Ghaut MRT station is a mere 200m away and serves as an interchange to three lines. 

One of the most unique features is the conserved colonial bungalow that will serve as a clubhouse in Haus on Handy. It is perched atop Mount Sophia Road and will provide impressive views overlooking Fort Canning Park and the Orchard Road shopping belt. 

Source: CDL

Another great draw for Haus on Handy is the wide range of art schools and tertiary institutions in its vicinity. School of the Arts, LASALLE College of the Arts, and Nanyang Academy of Fine Arts are all nearby. Students of Singapore Management University will also benefit from saving travel time to class. 

Soon after its launch in 2018, prices rose to the $2,800+ psf range for almost a year. When Covid-19 hit in early 2020, prices gradually eased into the $2,600 psf range and is only starting to show signs of recovery. 

We further broke down the data according to unit sizes and their corresponding psf. Some smaller units in the 600 sqft range were sold about $200 psf less than other unit sizes. Considering how you could save about $120,000 with that lower rate, Haus on Handy can be promising investment potential. 

Project details of Haus on Handy:

Developer: City Developments Limited

Tenure: 99-year leasehold

TOP: 2023

Total units: 188

MRT stations:

  • Dhoby Ghaut (North East line, North South line and Circle line)

UE Square 

The closest private estate by distance to CanningHill Piers would be UE Square, located on the opposite side of Clemenceau Avenue. It possesses the same proximity to Fort Canning Park and its namesake MRT station. Likewise, it’s a short stroll to get to Clarke Quay’s line of restaurants and pubs.

Source: worldorgs.com

UE Square was completed in 1997 and may be almost 25 years old, but the most impressive feature for UE Square is its rare 999-year lease, unlike the 99-year leasehold Canninghill Piers. 

Its modern architecture doesn’t look out of place. UE Square is part of a mixed development that includes a smaller shopping mall and an office tower.

Whether you’re single, a couple, or a family of 5, UE Square has a good range of sizes available ranging from 840 sqft upwards to even 1,900 sqft. Right within the development you’ll find a Starbucks, Cold Storage, eateries and dance studios. If that isn’t enough, head on to Mohamed Sultan road for some of the top ranked restaurants in the country. 

Based on transaction data this year, average psf is about $1,800, a big difference from the $2,800 psf launch prices at CanningHill Piers. In a very recent purchase, a 1,055 sqft unit was sold for close to $2 million. In comparison, a similar sized unit at CanningHill Piers cost 50% more at about $3 million. You could put the extra money into a bigger unit, or even to offset the purchase of another property that you could rent out. 

Project details of UE Square:

Developer: United Engineering

Tenure: 999-year leasehold

TOP: 1997

Total units: 345

MRT stations:

  • Fort Canning (Downtown line)

Irwell Hill Residences

Nestled in the affluent River Valley area, Irwell Hill Residences is a 540-unit luxury development consisting of units all the way from studios to 5-bedroom penthouses. With just a few minutes walk to Great World City mall and MRT station, Irwell Hill Residences provides unparalleled convenience and accessibility.

Source: CDL

As another new project by City Developments Limited, you can be assured that the glamour meter will be on the same level as CanningHill Piers. Irwell Hill Residences also sits on elevated land, and with 36-storey towers, stunning views will not be in short supply.

As 1-2 bedroom units make up the bulk of the development, Irwell Hill Residences would cater more to singles or couples without children as there’ll be more unit options in the market. Or if you’re looking for investment properties to rent out, these smaller units are also a good catch.

Not surprisingly, average prices are pretty much on par with CanningHill Piers, but with closer proximity to the Orchard Road belt than the office towers of the Central Business District, this might appeal to the shopaholics.

Developer: City Developments Limited

Tenure: 99-year leasehold

TOP: 2026

Total units: 556

MRT stations:

  • Great World City (Thomson-East Coast line)

Martin Modern

Located right in the heart of River Valley, Martin Modern is a new development by GuocoLand that was just completed this year. It is a 99-year leasehold project offering 450 units, from 2 to 4-bedroom configurations. 

Source: LuxuryCondo SG

As a newly-completed project, prospective tenants will be naturally drawn to Martin Modern, and will provide good rental opportunities for any investors. The condo also incorporates an open kitchen design that is not often seen and a great feature for weekend parties.

Because it is surrounded by other private residences, you also won’t get as much road noise at Martin Modern as you would at CanningHill Piers. 

As a very young project, Martin Modern will likewise command higher psf rates. It has seen ups and downs since the start of 2020, but has trended upwards, with an average psf of $2,948 for transacted units in June 2021. 

This shows that despite the relative lack of accessibility to public transport, investors and homeowners see Martin Modern as a good property that is worth the asking price. 

Developer: GuocoLand

Tenure: 99-year leasehold

TOP: 2021

Total units: 450

MRT stations: N/A

Aspen Heights

Built just a year after UE Square and sharing the same 999-year lease, Aspen Heights sits a little further up along River Valley Road. It is a sizeable estate with 606 units so there is a good amount of space for children to play. Units range from 2 to 4 bedrooms (85 to 149 sqm) and will be a good option for all family sizes. 

Source: CondosForRent

Because it’s nestled deep within River Valley, accessibility to an MRT station is hindered but there are still several bus routes serving the road right outside Aspen Heights. You’ll also have a wide range of sports facilities available as there are tennis and squash courts, plus a small golf range within the estate. While CanningHill Piers has the edge in dining and shopping, Aspen Heights beats it in the active living aspect. 

In the past quarter, Aspen Heights has seen its average price rise above $2,000 psf. Nevertheless, it’s still a significant price discount over newer launches, and don’t forget that this is a 999-year leasehold condo. The cheaper price can translate to better value over the long stretch, as the property can transferred down for multiple generations. If you’re willing to tradeoff some convenience for a lower price, Aspen Heights could be the right condo for you.

Project details of Aspen Heights:

Developer: DBS Realty

Tenure: 999-year leasehold

TOP: 1998

Total units: 606

MRT stations:

  • Fort Canning (Downtown line)

Need help looking for a condo to suit your needs?

If you need assistance with making a decision, let our Super Agents bring you through the whole process. 

Call us at 6886 9009 to secure an appointment today or message us on Intercom, which can be found at the bottom, right-hand corner of the screen. You can also WhatsApp us at 9727 5270!

Cover image: Haus on Handy by CDL

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