Canninghill Piers is a forthcoming integrated development near River Valley Road and Clarke Quay. The property is intended to accommodate approximately 700 homes in two residential towers. Initial developments on the site will include serviced housing at the Liang Court Mall, Novotel Hotel, and Somerset Liang Court.
In a joint press release, City Development (CDL) and CapitaLand announced the entry of the Ascott Residence Trust (Ascott Reit) into a consortium that develops Canninghill Piers Showflat, which is expected to be completed in 2024.
The Canninghill Piers site enjoys 100,263 square meters of GFA. Proposed developments include hotels, commercial facilities, and well-equipped housing if approved by their respective authorities. Enjoy a direct connection to Fort Canning MRT.
The site will be redeveloped after the CDL Hospitality Trust (CDLHT) has sold the property to CLD and CapitaLand and developed it in a 50:50 ratio. Ascott Reit also sold some of its assets on the site, including Somerset Liang Court, to CDL.
When the Canninghill Piers Condo are completed, CDL-CapitaLand will own commercial and residential components, and 192 residential units will be placed under Ascott Reit to provide hotel licensing services. CDLHT owns a hotel with 460-470 rooms under a futures purchase agreement with CDL. Marriott International will manage the hotel, Marriott International will operate as Moxy, and the housing offered will operate as Somerset.
Three of Singapore’s leading developers are also planning to refurbish the Riverwalk to bring new life to Canninghill Piers Showflat. This plan is in line with URA’s 2019 Master Plan to boost the vitality of the region. It is expected to be in high demand due to its strategic location with easy access to services.
The three heavyweight developers behind Canninghill Piers are Ascott Reit, CDL, and CapitaLand. Residential and commercial units will be shared between CapitaLand and CDL on a 50:50 basis; the hotel will be under the CDL, and Ascott Reit will use the serviced apartment with a hotel license. These Singapore-based developers are not strangers to the real estate industry and have completed high-performance past projects designed to exceed industry standards.
BENEFITS OF LIVING IN CANNINGHILL PIERS SHOWFLAT
River Valley properties and neighboring areas such as Canninghill and Orchard are in high demand from wealthy foreigners and Singaporeans. There are many reasons everyone is looking for a property in District 9. Still, the one that stands out is the location—located in a prime location in central Singapore, with easy access to world-class lifestyle shops and services, reputable schools, and parks. It is the most famous district in the country, famous for its luxurious lifestyle.
Given that River Valley in District 9’s most family-friendly district, future residents of Canninghill Piers are looking forward to it. Living here, even the world-famous Orchard Road shopping belt is all at hand.
Canninghill Piers is a rare opportunity to live in the luxurious River Valley. So if you’re wondering what the perks to enjoy living in this neighborhood are, here’s a summary of what it offers:
Excellent strategic location
Location is the key to real estate. The choice of location has a significant impact on the value of the property. The famous District 9 is in a great location with everything at your fingertips. Living at Canninghill Piers Showflat or owning a property here means that you are close to various facilities. It is close to the city, MRT train station, shopping destinations, restaurants, schools, parks, and places of worship. In such a great location, its inhabitants will enjoy unparalleled convenience.
Many expatriates prefer to live in River Valley because of their quick access to amenities and proximity to the Central Business District. Canninghill Piers is located in the heart of Singapore, just 11 minutes drive from CBD. MRT Dhoby Ghaut Station is also within walking distance. High connectivity and a central location in central Singapore allow residents of Canninghill Piers to connect to different parts of the island seamlessly.
There are many shops and restaurants for River Valley residents. In addition to the following hotels in Canninghill, they have easy access to nearby restaurants. When it comes to shopping, residents are minutes from Great World City and the famous Orchard Road shopping belt, with various shopping centers and malls offering unlimited retail therapy. In addition, the nearby town of Robertson Quay offers residents of Canninghill Piers Showflat a more relaxing place. You can expect the perfect place to relax and unwind from the stress of the week from bistros, restaurants, art houses, and bars.
River Valley is a family-friendly living area due to its proximity to many schools. You can see local schools such as River Valley Elementary School. The area is popular with foreigners, and there are many international schools, from kindergartens like Overseas Family School to Singapore International School, all easily accessible.
There are also many places of worship in District 9. Nearby is the Sri Thendayuthapani Temple on Tank Road, a 7-minute walk from Canninghill Piers. Ngee Ann Kongsi, a 9-minute walk away, is also nearby. St. Bernadette and Oxley Rise Chessed El Synagogues on Oxley Rise are also just minutes from Canninghill Piers.
River Valley is also home to famous private medical centers and hospitals such as the Camden Medical Center, which is an 11-minute drive, Gleneagles, which is only a 12-minute drive, and Mount Elizabeth, which is just a 9-minute drive from Canninghill Piers. These primary health centers are located near Canninghill Piers Showflat, providing immediate access to quality medical care for future residents.
It is also a great place to enjoy a calm environment while taking a stroll along the river. Families living at Canninghill Piers will appreciate what the area offers, with many outdoor destinations available within a few minutes walk. In addition to the nearby Fort Canning Park, there are plenty of places for children in the neighborhood. Cultural heritage is also very close to Canninghill Piers Showflat, giving residents more outdoor options.
Enhanced Connectivity
River Valley provided residents with an uninterrupted connection. Residents of Canninghill Piers use several bus services with stops scattered throughout the district. The MRT Dhoby Ghaut Station is a 15-minute walk from Canninghill Piers and is easily accessible to nearby MRT stations such as Somerset, Orchard, Newton, and Bras Basah.
The future MRT Great World station will be one of the closest MRTs within a 5-minute walk from the upcoming Fort Canning Park MRT and a 15-minute walk from Canninghill Square and Canninghill Piers. Upon completion, Canninghill Piers residents will have easy access to a stroll to connect to the Thomson-East-Coast MRT line.
Car owners will enjoy traveling around Singapore’s neighborhood and elsewhere. Due to its proximity to the CBD, River Valley is easily accessible from major roads and highways.
Nearby Schools
For families with children, Canninghill Piers is the perfect place to build their home. There are many reputable schools nearby. Schools span all levels of education in Singapore, and there are many international schools in the area. With many options, you can choose the best curriculum for your child and allow them to learn near the home. Here are some of the famous schools in the area:
- Alexandra Primary School – 11 minutes drive
- Anglo-Chinese School (Junior) – 10 minutes drive
- Gan Eng Seng Secondary School – 10 minutes drive
- ISS International School – 8 minutes drive
- Lasalle College of the Arts – 9 minutes drive
- River Valley Primary School – 6 minutes drive
- Singapore Management University – 6 minutes drive
- SOTA (School of the Arts Singapore) – 6 minutes drive
Families with young children also appreciate the convenience of easy access to nearby daycare centers and kindergartens.
Nearby Shopping Centers
Shopping malls are one of the essential services to look for before buying a home. Even if you don’t like shopping, living just minutes from them makes it easier for you to access your daily needs. There are many shopping malls in River Valley with easy access to nearby grocery stores and retail stores. Plus, when you’re not shopping, you can enjoy a great hangout with friends and family at the mall. They have several restaurants and cafes that serve delicious drinks and delicious food.
River Valley is a shopper’s paradise, so you’ll find everything you need in a short drive. There are countless shopping malls in the neighborhood, and you’ll find everything you need during your stay here.
For more shopping options, residents can easily access neighborhoods. The Orchard Road is one of the best areas with many shopping centers. Here you’ll find everything from fashion, notable brands, cosmetics stores, affordable supermarkets, and several food options. Here is the list of the malls right next to the Canninghill Pier at River Valley.
- 313 Somerset – 6 min drive
- Cineleisure Orchard -9 min drive
- Clarke Quay – 4 min drive
- Cuppage Plaza – 7 min drive
- Great World City- 6 min drive
- Heerens – 9 min drive
- ION Orchard – 10 min drive
- Lucky Plaza – 10 min drive
- Orchard Building – 8 min drive
- Orchard Central – 9 min drive
- Orchard Gateway – 7 min drive
- Orchard Point – 6 min drive
- Paragon – 9 min drive
- Park Mall – 7 min drive
- Plaza Singapura – 5 min drive
- Robertson Walk – 8 min walk
- SCAPE – 8 min drive
- Tang Plaza – 10 min drive
- The Cathay – 6 min drive
- The Centrepoint – 9 min drive
- Tripleone Somerset – 5 min drive
- UE Square – 6 min walk
- Valley Point – 8 min drive
- Wheelock Place – 8 min drive
- Wisma Atria – 8 min drive
Within walking distance or a short 10-minute drive from the short shopping mall, future residents of Canninghill will be greeted with some exciting shopping options. In addition to shopping, the mall has a gym, restaurants, and entertainment venues, offering important services such as clinics, banks, and laundromats.
Nearby Restaurant
River Valley is a world-inspired culinary crucible. The food scene here continues to improve and use the best of bakeries, restaurants, eateries, fast food stores, food kiosks, and more. When you live at Canninghill Piers, your favorite food is probably within walking distance. There is something in River Valley for everyone. The extensive menu options here offer everything from traditional and cultural Chinese to continental.
The following places offer fine dining and delicious food, with easy access to Canninghill Piers.
Bistecca Tuscan Steakhouse
This Italian steakhouse is just a short walk from Canninghill Piers Singapore. A 9-minute walk to Bistecca Tuscan Steakhouse, you can enjoy juicy steaks. Apart from their fascinating interests, you will love the decoration that blends seamlessly with its intimate setting. It’s a great place to go out at night with your lover.
Feng Ji Chicken Rice
Easy access to Canninghill Piers is Feng Ji Chicken Rice, just a 6-minute walk away. Chicken rice can be purchased at Singapore’s street malls, coffee shops, and food courts, but you rarely find the delicious chicken rice offered here. The Feng Ji Chicken Rice offers a well-prepared version of this classic regional dish. So, if you want chicken rice, you can easily walk around this place and enjoy tender chicken and fragrant rice.
Japanese bbq Yakiniku Yazawa
If you like Japanese food, you can get to the nearby Japanese barbecue Yakiniku Yazawa in 7 minutes on foot. The restaurant offers authentic barbecue at an affordable price. It’s one of the best places to go for lunch and dinner throughout the neighborhood.
Other nearby eateries include FOC Restaurant, Okinawa Dining UE Square Chikuyotei, Tavern Pub, and Restaurant. Overall, the choices of dining in River Valley are endless. Also, you can find other great destinations in the nearby Great World City and Valley Point.
Enjoy the day in the parks and recreational spaces around Canninghill Piers.
From a recreational point of view, the canninghill pier is not disappointing at all. It is in a quiet environment and has plenty of outdoor space for residents to enjoy. Canninghill piers is a great place to grow a family, with various recreational options right next to the door. Not only is it easy to access the park, but for singles, the tranquility and relaxing nature of the area is valuable. Calm down from the hustle and bustle of your living space.
Fort Canning Park
Just a 5-minute walk away, the park is an excellent place for residents of Canninghill Piers Showflat to spend time outdoors in nature. The park is a historic landmark on a hill. The place where the park is located was once the hometown of the kings of the 14th century. It also served as the headquarters for the British Army’s barracks and the Far Eastern Army’s headquarters.
Today, the ruins can be seen next to a well-maintained underground tunnel. These features give you a glimpse into Singapore’s past life. There are also many exotic plants and hiking trails. The park may host various special events such as festivals, plays, concerts, and celebrations.
Nine historic gardens within the park, including Artisans Garden, Armenian Street Park, Jubilee Park (Phase 1), Pankcur Larangan, First Botanic Garden, Sang Nila Utama Garden, Raffles Garden, Spice Garden, and Falkher Garden.
Future River Valley residents will benefit from URA and the National Park Service collaboration to provide more public space and improve urban green spaces. Part of the plan is to refurbish Orchard Road into a lifestyle destination. The plan also includes developing a 6 km long green connector from the Singapore Botanic Gardens to the Singapore River. Access to the Singapore River from Fort Canning Park will also be improved.
Properties at the core central region are a better investment
Singapore is one of the best places to invest in the world. However, where to invest is left to the discretion of the investor. The Urban Redevelopment Authority (URA) has divided Singapore into three regions: RCR, OCR, and CCR.
The Core Central Region or CCR boasts of Singapore’s significant areas. It covers areas such as Central Business District, Districts 9, 10, 11, and Santosa. CCR is very popular for its excellent location and elegant high-end properties.
If you are looking for capital gains, good rental income, great places, and a luxurious lifestyle, investing in this area is a great idea.
Here are four reasons why it’s the best time to invest in the Singapore JRC region:
High capital appreciation
All investors want to invest in areas where their capital is well valued. The value of properties in the JRC area will increase over time. You can sell the property at a higher price in the future and benefit from desirable capital gains.
Statistics from URA on the CCR show that In the first quarter of 2017, 729 units of residential properties were sold, in the second quarter 1,171 units, and in the third quarter 1,470 units. From this, you can notice the increase in sales of property.
According to a market report, in 2018, the sale of homes had already passed $5 million. The high sales indicate the high demand for properties in CCR by both locals and foreigners. If the trend lingers, you can look forward to high capital appreciation from your investment.
Excellent location and infrastructure
Location is an essential factor to consider when investing in real estate. Properties in the JRC area are costly due to their strategic location, excellent connectivity, and quick access to services. The property in this area is conveniently located near good schools, shopping malls, restaurants, and large parks. Everything is in place, so it’s a short walk away. Living here is less stressful than in some areas.
Excellent Rental Income
The rental income for properties in other regions drops, CCR properties are the least affected. CCR properties enjoy good rental income due to low vacancy rates in private homes due to high demand and strong resistance to oversupply.
The vacancy rate for residential properties in the third quarter of 2018 was 6.8%. Part of the reduction in vacancies is due to a decrease in the share of foreign workers, which reduces the number of potential tenants. However, the leading cause of vacancies is oversupply.
Rental income from real estate in other regions is inconsistent due to oversupply. However, CCR enjoys a more stable rental income with a slight decline. According to URA, rental income in the region fell by only 3.8% in 2018, while RCR and OCR suffered a plunge of 5 to 5.6%.
The properties of CCR are more resistant to oversupply. Due to its good location, there is high demand even though more properties have been launched. In essence, the demand for properties launched in River Valley will not be impacted by the launch of about ten new condos in Sengkang or Sembawang.
Limited land supply
Land supply in Singapore is limited, except for high demand. Singapore RCC properties are not available for long periods, so if you want to own a property here, you need to act quickly if you have the opportunity. Due to the low supply of properties, home prices will rise, and as a result, high capital gains can be expected in the future.
Ultimately, CCR is a great place to invest in Singapore. Buying real estate here is like buying stocks of an established brand. The property here is more stable and has a guaranteed return on investment. OCR and RCR properties are attractive due to their low prices, but they also have high vacancy rates and low capital valuations. As a homeowner or owner, your investment is safer with CCR.
Master Plan of The River Valley (around Canninghill)
River Valley is a planning area within the central area of Singapore. The neighborhood is a popular spot for European settlers, wealthy Westerners, and locals. The residents enjoy easy and convenient access to shopping malls, MRTs, restaurants, schools, parks, and other locations such as Orchard, Marina Bay, and Clarke Quay.
There are plenty of services and facilities in the area, but the implementation of the URA Master Plan is about to improve the situation. We will make significant additions in terms of services, facilities, and transportation to bring residents closer to their needs.
Here are some of the things that benefit River Valley residents in the Master Plan:
Development of livable and inclusive districts
River Valley is a vibrant district with easy access to amenities and proximity to major cities. Singapore’s major retail belts, Downtown, Orchard Road, and many lifestyle options such as clubs, restaurants, and cultural performance areas are in or around the neighborhood.
The Master Plan will make the area more livable by introducing new services in downtown, Rochor, and Marina South, allowing residents to live and work with essential services.
The nearby Orchard Road will be redesigned as a lifestyle destination for a better shopping and dining experience. Part of the plan to improve Orchard Road is to turn it into a lush corridor. The Master Plan will introduce a 6km urban corridor connecting Orchard Road with Fort Canning Park and the Singapore Botanic Gardens.
River Valley is a family-friendly district, but as the area develops, it becomes more attractive to retailers, outdoor activities, restaurants, schools, and more.
Improved connectivity
Connectivity within the central area will be improved with the Thomson East Coast Line (TEL) MRT stations and Circle Line (CCL) development. Future developments integrated at the Outram and Orchard MRT interchanges will add more urban living options, thanks to new residential units, commercial spaces, and various other uses.
Cycling in the city center is better for cycling enthusiasts by adding an extended 5km cycle network to improve accessibility. Everyone will benefit from connectivity as urban villages move from car-centric neighborhoods to cycling and walking neighborhoods.
Multiple housing units
Urban Development Guidelines focus on improving residential life in River Valley residential areas. Singapore’s River Valley landscape has shifted from the dominant area of buildings to skyscrapers with clubs, restaurants, and luxury boutiques. As the number of apartment and condominium towers increases, there is a shortage of single-family homes in the area.
Future residents can expect that the development of more residential units will continue in the River Valley. Modern homes are designed to provide convenience to residents who have everything nearby. Developed by Singapore’s leading developers, the homes include a cafe, swimming pool, fitness center, and other facilities.
Adding a home in the neighborhood allows River Valley residents to live near public transport hubs and near the city. The Marina South area, near the Bay South Gardens, is one of the places where new homes are added to provide urban life, high-speed connectivity, and access to many facilities.
Extended Cultural Precinct
The arts, culture, and heritage district will be expanded to strengthen and celebrate Singapore’s heritage. The heritage-rich central historic districts of Chinatown, Kampong Glam, and Little India are strengthened through collaboration with local businesses and communities. In addition to new public spaces leading to cultural arts and cultural districts, residents can expect other experiences within walking distance.
Creation of more green space
Providing more green space is central to the River Valley development program. The plan confirms the development of the home while preserving the existing mature trees and maintaining the overall green environment.
A linear park is injected into the area. It connects River Valley residents to Alexandra Canal, Kim Seng Park, and Linear Park. URA is also working with the National Park Board to create new green spaces and parks in the city. New parks such as Armenian Street Park and Jubilee Park have already been introduced in the area.
Residents of the River Valley can expect a more extensive network of sports facilities, parks, corridors, and green spaces. The area offers over 1000 hectares of private parking, connected to the parking lot and recreation corridor. Over 90% of the inhabitants will live within walking distance of the park.
Stamp Duties may be different for different purchasers. You may explore more from the Stamp Duty information here. Buyers may also Book an appointment to view the Canninghill Piers Showflat to find out more.
It is also important to identify the loan to value for your scenario as MAS has strict regulations on home loans. For more information regards to financing or stamp duties, please fill up the contact form and we will be glad to assist.
Interested parties of Canninghill Piers can find more project details in this site. The site plan and floor plans will be out soon and updated here. The elevation chart depicts the distribution of units in the development and the balance unit chart will updated regularly upon launch of the project. Please check back on this site to be kept posted.
