Canninghill Piers is an upcoming integrated development situated at River Valley Road and in the vicinity of Clarke Quay. The property is set to house about 700 units in two residential towers. The former development on the site comprises Novotel hotel, Liang Court Mall, and Somerset Liang Court’s serviced residences.
Through a joint release, City Development (CDL) and CapitaLand announced the entry of Ascott Residence Trust (Ascott Reit) into the consortium that will develop Canninghill Piers expected to be completed in 2024.
Canninghill Piers site enjoys a GFA of 100,263 sq m. The proposed development, once approved by the respective authorities, will feature a hotel, commercial units, and a serviced residence. It will enjoy direct connectivity to Fort Canning MRT.
The redevelopment of the site comes after CDL Hospitality Trusts (CDLHT) sold the property to CLD and CapitaLand to be developed on a 50:50 ratio. Ascott Reit has also sold some of its assets on the site including Somerset Liang Court to CDL.
Upon completion of Canninghill Piers, CDL-CapitaLand will own the commercial and residential components while 192 units of serviced residence with a hotel license will be under Ascott Reit. CDLHT is set to own the hotel featuring between 460 and 470 rooms on a forward purchase agreement with CDL. The hotel will be run by Marriott International operating as Moxy, and the serviced residences will operate as Somerset.
The three leading developers in Singapore also plan to revamp the river promenade to add new life to Canninghill Piers. The plans agree with URA’s 2019 Master Plan of increasing vibrancy in the area. The demand for Canninghill Piers is expected to be high because of its strategic location with easy access to amenities.
The three heavy weight developers behind Canninghill Piers are CDL, CapitaLand and Ascott Reit. The residential and commercial units are shared between CapitaLand and CDL on a 50:50 basis, the hotel is under CDL, while Ascott Reit takes the serviced apartments with a hotel license. These Singapore-based developers are not new in the real estate scene and completed high performing past projects designed to surpass the industry’s standards.
Location is key in real estate. The choice of location has a huge impact on property value. The prestigious district 9 is an incredible location equipped with everything at hand. Living at Canninghill Piers or owning a property here means staying close to a host of amenities. Canninghill Piers sits close to the city, MRT stations, restaurants, shopping destinations, schools, parks and places of worship. With such an excellent location, its residents will enjoy unmatched convenience.
Many expats prefer living in River Valley because of the quick access to amenities and closeness to the Central Business District. Canninghill Piers sits in the central region of Singapore within a short 11-minute drive to the CBD. Dhoby Ghaut MRT station is also a stone’s throw away. The enhanced connectivity, coupled with its central location in the heart of canninghill piers singapore, will allow Canninghill Piers residents to connect to different parts of the island seamlessly.
There are plenty of shopping and dining options for River Valley residents. Apart from the upcoming hotel within Canninghill Piers, they can easily access the nearby restaurants close by. When it comes to shopping, the residents are mere minutes away from Great World City and the popular Orchard Road shopping belt featuring various malls and shopping centres for unlimited retail therapy. Furthermore, the nearby town of Robertson Quay provides more relaxed places for Canninghill Piers residents. You can expect perfect spots to relax and unwind the week’s stress from the restaurants, bistros, bars, and art houses.
River Valley is a family-friendly residential area due to its proximity to many schools. There are local schools within sight, such as River Valley Primary School. The area is popular with expatriates, and it features many international schools from kindergartens like the Overseas Family School to the Singapore International Schools, all within an easy commute.
District 9 also boasts of a host of places of worship. The neighbourhood is home to Sri Thendayuthapani Temple found at Tank Road within a 7-minute stroll from Canninghill Piers. Also on your doorstep is Ngee Ann Kongsi which is within a 9-minute walk. St Bernadette situated at Zion Road and Chesed-El Synagogue on Oxley Rise are also mere minutes away from Canninghill Piers.
River Valley also features reputable private medical centres and hospitals such as Camden Medical Centre found within an 11-minute ride, Gleneagles only 12 mins drive away, and Mount Elizabeth at a short 9-minute ride away from Canninghill Piers. With these top healthcare centres positioned close to Canninghill Piers, the future residents will enjoy quick access to quality medical care.
The neighbourhood is also a great place to enjoy the serene environment as you take a gentle stroll along the river. Families living in Canninghill Piers will appreciate what the area has to offer thanks to a host of outdoor destinations available within minutes walk. Apart from the nearby Fort Canning Park, there are many kid-friendly places in the neighbourhood. Cultural and heritage sites are also within reach from Canninghill Piers, giving residents more outdoor options.