CanningHill Piers Property Details

Launch Date: 19 Nov 2021

Project Name: CanningHill Piers 

Property Developer: City Developments Limited (CDL), CapitaLand Limited (CapitaLand), and Ascott Residence Trust (Ascott Reit)

Address: 177 River Valley Road Singapore 179030

District/Planning Area: D06/Clarke Quay/City Hall

Units/mix: 696/1-5-bedroom premium apartments, sky suites and a super penthouse (410-8,950 sq ft)

Residential Towers: 2

Storeys: 24 to 48

Tenure: 99-year leasehold

Pricing: $1,160,000 to $8,100,000

Completion Date: Phased completion from 2024 onwards 

Contents:

Right off the bat, the best thing about the high-end CanningHill Piers is its prime location: along River Valley Road, in prestigious District 6. 

Built over the former Liang Court site, the two residential towers of CanningHill Piers will boast stunning Singapore River and skyline panoramic views. It will be launched on 19 November 2021.

CanningHill Piers will offer connectivity to the Central Business District, world-class retail therapy in Orchard Road, thriving nightlife at Clarke Quay/Robertson Quay, and the green tranquillity of Fort Canning Park, among others. 

Many expatriates love the River Valley area too for its proximity to childcare services, good schools and choices of children-friendly places. 

From an investor’s perspective, this is looking up to be one hot property to add to the portfolio.

And from the indicative pricing of units, the low quantum should be attractive to investors seeking higher rental yields in a location which typically attracts upwardly mobile tenants.

About CanningHill Piers

The redevelopment of Liang Court

In 2019, the former Liang Court site was purchased by consortium partners CapitaLand, City Developments Limited (CDL), and Ascott Residence Trust at $400 million. Redevelopment is a 99-year leasehold, mixed-use development comprising both residential and commercial spaces, a hotel operated under the Moxy brand by Marriott International and the Somerset-brand serviced residences. 

CanningHill Piers and the Somerset serviced apartments are expected to be completed by the second half of 2024, followed by Moxy in 2025.

CanningHill Piers comprises two residential towers: At 180 metres, the 48-storey tower will be the tallest development along the Singapore River, while the 24-storey block stands at 100 metres overlooking Fort Canning Hill.

They are connected by a sky bridge on Level 24, which features a wide range of facilities such as a gym, infinity lap pool, dining hall and lounge cum function room. More amenities can be found on Level 3, where an outdoor jogging track, a bouldering wall and an adventure-themed children’s play area can be found among lush greenery.

There’s also a luxurious clubhouse spanning over 1,900 square feet (sq ft) on Level 45, offering an unobstructed view of Marina Bay.

The new launch condo houses a total of 696 units, with a mix of 1-5-bedroom premium apartments, including suites and penthouses with sky views that range from 410 to 8,950 sq ft in size.

Top points for CanningHill Piers’ investment potential 

• Premium real estate purchase for both own-stay buyers and investors 
• Located at the heart of Clarke Quay 
• Minutes away from Singapore’s Central Business District (CBD)
• City-fringe living with a dual frontage of both Singapore River and Fort Canning Hill
• Adjoins River Valley, a high-end enclave for families and expats
• Excellent transport and roadway connectivity 
• Underground link to Fort Canning MRT Station

Why CanningHill Piers is a hot development to watch 

1. New launch condo units in River Valley have a high take-up rate

Martin Modern and RV Altitude are two developments located in the same area as CanningHill Piers which have successfully sold all units since its launch, based on Ohmyhome research and the Urban Redevelopment Authority’s (URA) developer sales.

According to URA Realis, there have also been more new private residential units sold than resale units in River Valley. There are about 595 new launch condo units sold so far, 137 of which are priced from $1.5 million to $2 million.

2. There’s significant price appreciation for condos in River Valley

Private developments in the River Valley planning area also see a significant appreciation in price: about 10-40%.

Irwell Hill Residences, a 99-year luxury development by CDL, was launched earlier this year at an average selling price of $2,700 per square feet (psf).

As of last month, the average unit price for the condo that’s off River Valley Road continues to be at an upward trend.

3. 2-min walk away from nearest MRT station

Another star feature of CanningHill Piers is its access to transportation choices, with an underground link to Fort Canning MRT station on the Downtown Line that’s only two minutes away. Clarke Quay MRT station on the North-East Line is a short seven-minute walk. 

Other MRT stations nearby:

• Dhoby Ghaut Station: 3-min train ride
• Chinatown Station: 3-min train ride 
• City Hall Station: 10-min bus ride 
• Bras Basah Station: 12-min bus ride 

Roadway connectivity is superb too, given its central location, allowing motorists to travel quickly from one urban area to another with ease. And as with the rest of Singapore, public buses, which form a significant part of local transport, are aplenty from different bus stops nearby.

Water transport to Marina Bay and Robertson Quay is also available via river taxi.

4. Within walking distance to top schools 

CanningHill Piers is also near to schools, ranging from primary to tertiary institutions. Depending on the age of your children, various options are available from local to international schools. 

Pre-schools: 

• Eton House Pre-School (Robertson Walk) 
• Cambridge @ Robertson       

Primary Schools: 

• River Valley Primary School
• Anglo-Chinese School (Junior)  
• SOTA (School of the Arts Singapore)

Secondary Schools: 

• Outram Secondary School 
• SOTA (School of the Arts Singapore)

Tertiary Educational Institutions: 

• Nanyang Institute of Management     
• SMU (Singapore Management University)    
• Lasalle College of the Arts     

International Schools: 

• Eton House International School (Outram) 
• ISS International School 

5. Exciting amenities nearby for entertainment and recreation

Nightlife 

Perfectly situated along the Singapore River, CanningHill Piers sits in a vibrant area of cultural, heritage, and lifestyle offerings. 

The development is smack dab in the Clarke Quay area — Singapore’s most popular riverfront lifestyle and entertainment precinct. This means a myriad of entertainment and recreational choices are always at your doorstep.

Here are some nightclubs and bars in the vicinity: 

• F.Club 
• Phuture 
• Fleek
• ZOUK Singapore 
• Canvas Nightclub
• Attica
• Yin Bar 
• Crazy Elephant 
• Harry’s 
• Cuba Libre Cafe & Bar

Malls 

With the development right in town, world-class shopping is also just a stone’s throw away.  Some of the shopping malls nearby to excite the heart of any shopping lover are: 

• Riverside Point 
• UE Shopping Mall 
• UE Square 
• Clarke Quay Central 
• Robertson Walk 
• The Cathay 
• Plaza Singapura 
• Orchard Gateway 
• Great World City 

Parks  

Just across the road from CanningHill Piers is the famous Fort Canning Park, one of Singapore’s most historic landmarks that once served as the headquarters of the Far East Command Centre and British Army Barracks back in 1926. Today, it is a famous hiking spot with several walking trails and routes suitable for different ages. 

If you are a nature enthusiast looking to explore more green spaces, here is a list of other parks surrounding the area to get you excited: 

List of parks: 

• Istana Park (900m) 
• Mt. Emily Park (2.3km) 
• Pearl’s Hill City Park (1.4km) 
• Hong Lim Park (750 m) 
• Dhoby Ghaut Green (1.1km) 

Museums 

With some of the most prestigious educational institutions dedicated to the arts, such as LASALLE College of the Arts and Nanyang Academy of Fine Arts (NAFA), and various museums located nearby, those who wish to explore their creative side can easily find inspiration at any of these museums:

• National Museum of Singapore (1.2km) 
• Peranakan Museum (1.0km) 
• Singapore Art Museum (1.4km) 
• Singapore Philatelic Museum (850m) 
• The Substation (1.0km) 
• The Arts House (950m) 
• National Gallery of Singapore (850m) 
• Asian Civilisation Museum (1.0km)

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Frequently Asked Questions About CanningHill Piers

Who is the developer of CanningHill Piers?

CanningHill Piers is a joint venture between City Developments Limited (CDL), CapitaLand Limited (CapitaLand), and Ascott Residence Trust (Ascott Reit).

When is the TOP for CanningHill Piers?

CanningHill Piers and the Somerset serviced apartments are expected to be completed by the second half of 2024, followed by the Moxy hotel in 2025. 

Where is CanningHill Piers located?

CanningHill Piers is located along River Valley Road, close to the Central Business District, Orchard Road, Clarke Quay and Fort Canning Park. It will have an underground link to Fort Canning MRT Station

Is Liang Court closing?

Liang Court closed down at the end of March 2020. The site is currently being redeveloped and will feature a 99-year leasehold mixed-use development comprising both residential and commercial spaces, a hotel called Moxy that will be run by Marriott International and the Somerset-brand serviced residences.