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Living in the city centre of Singapore is a dream of many but attainable only by a select few. For the affluent buyers of Canninghill Piers, this dream will soon become reality.
Located at a prestigious address in District 6 at Clarke Quay on the site of the former Liang Court, Canninghill Piers is a 99-year leasehold integrated development which will include 696 residential units. It was the best-selling launch in the central area in 202l, with 538 units being snapped up during its launch weekend.
Launched by City Developments and CapitaLand Development on 20 November 2021, Canninghill Piers is expected to receive its Temporary Occupation Permit (TOP) on 31 December 2026.
The development made the news in 2022 when a Chinese national snapped up 20 units for over $85 million, including ten 3-room units priced at $3.1 million to $3.3 million and ten 4-room units costing $5.3 million to $5.6 million. In total, the buyer’s purchases at Canninghill Piers totalled over $85 million.
However, at its launch, 81% of the purchasers were Singapore citizens, indicating that local buyers and investors still make up the bulk of owners.
Canninghill Piers Condo Review (Summary Table)
| Canninghill Piers Singapore | Condo Details |
|---|---|
| TOP Date | 31 December 2026 |
| Location | 1 & 5 Clarke Quay |
| Showflat | Merchant Loop |
| Balance Units | 15 |
| Launch Price | $3,000 psf on average |
| Current Price | $1,399,000 to $12,800,000 ($2,808 to $4,454 psf) |
| Total units | 696 |
| Freehold/ Lease | 99-year leasehold |
| Amenities | Sky deck, swimming pools including infinity pool, gym, steam room, dining room, barbecue pits, lounge with co-working space, bouldering wall |
| MRT | Fort Canning MRT Station |
| Bus service | 32, 54, 64, 123, 139, 143, 195, 195A |
*Information from 99.co, Propertyguru, and other property listing websites is accurate as of time of writing.
Canninghill Piers Price
At Canninghill Piers’ launch on 20 November 2021, 538 units were snapped up by buyers. The biggest and most expensive unit, a 8,956 sqft penthouse, was priced at $5,360 psf.
According to PropertyGuru.sg, Canninghill Piers units are currently being sold for $1,399,000 to $12,800,000, which works out to a psf price of $2,808 to $4,454. This indicates that in the space of two years, the units have already enjoyed capital gains.
Another condo in the River Valley area, The Pier at Robertson, located about 5 minutes’ walk from Fort Canning MRT, is being sold for $2,128 to $2,800 psf. This condo is freehold and received its TOP in 2006.
Canninghill Piers, despite being a leasehold development, is currently being sold for much higher psf prices, indicating that it currently commands high prices compared to other condos in the area. This might not necessarily be a good thing in terms of future capital gains. That said, city centre properties in general are currently promising from an investment points of view.
Canninghill Piers Brochure
The Canninghill Piers Brochure is accessible here. You’ll be able to find out more about the condo’s facilities and check the features and floor plans of the various units.
The Canninghill Piers balance units chart can be found here and indicates which units are currently still available for purchase from the developer.
The new Canninghill Piers condo is just a short 220m walk from the nearest Fort Canning MRT Station. Image from Google Maps
Canninghill Piers Location
Located at the site of the former Liang Court, Canninghill Piers occupies a stellar location at 1 and 5 Clarke Quay, right next door to Fort Canning MRT, which is about 1 minutes’ walk away.
Next to Fort Canning MRT Station
The development’s highly central location in the city core is an obvious draw. If, like me, you love the convenience of being close to all your favourite city centre hotspots, Canninghill Piers’ location is unbeatable.
Near Clarke Quay
With the Singapore River just a stone’s throw away, residents will be able to walk easily to entertainment destinations such as Clarke Quay and Robertson Quay, or even walk to work in the Central Business District (CBD) in about 20 minutes.
Key museums and cultural institutions like the National Gallery Singapore, Victoria Concert Hall and Asian Civilisations Museum are also located within walking distance. Meanwhile, the Orchard Road shopping belt is located about 15 minutes’ walk away, offering access to a wealth of shops, eateries, entertainment options and amenities such as the Orchard Library.
Despite its location in the city centre, Canninghill Piers also enjoys easy access nature thanks to the sprawling Fort Canning Park being right across the road.
Far from schools and universities
The only inconvenience is the paucity of mainstream primary and secondary schools within easy walking distance. However, School of the Arts is located nearby, in addition to a wide selection of tertiary institutions, including Nanyang Academy of Fine Arts and Singapore Management University.
Canninghill Piers Floor Plan
Canninghill Piers consists of 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom and 5-bedroom units.
The 1-bedroom and 2-bedroom apartments come with and without studies, while there are premium versions of the 3-bedroom apartments that are more spacious than the regular units.
Canninghill Piers condo floor plan for 1-bedroom (Type A1) unit that spans 409 sq ft. Image from Canninghill Piers brochure
1-Bedroom Condo Floor Plan
The 1-bedroom apartments range from 409 sqft (38 sqm) for the smallest units to 560 sqft (52 sqm) for the largest units with a study. There are 15 different layouts available for 1-bedroom units, but in my opinion most are quite similar, with the kitchen and bedroom both opening up into the living room.
Canninghill Piers 2-bedroom with ensuite study condo unit (Type B1S) floor plan spanning 829 sq ft.
2-Bedroom Condo Floor Plan
2-bedroom units range from 732 sqft (68 sqm) to 883 sqft (82 sqm) in size, with the biggest units being equipped with a study. One of the permutations includes an ensuite study connected to the master bedroom. A key thing to note is that 2-bedroom units can come with no balcony at all, one small or large balcony or two small balconies. If like me, you want to have seating or dining furniture on your balcony, it’s important to ensure your unit allows for this.
Canninghill Piers e-bedroom (Type C1a) condo unit floor plan spanning 947 sqft. Image from Canninghill Piers brochure
3-Bedroom Condo Floor Plan
3-bedroom units measure 893 sqft (83 sqm) to 1,313 sqft (122 sqm) for the biggest premium units. The premium units come with a private lift. Note that one of the unit types has no balcony. The other 3-room units have two small balconies, with the exception of the 3-bedroom premium units, which have one large balcony, a private lift lobby and a more spacious living/dining area. It is clear the 3-bedroom premium units are designed to enjoy an additional level of luxury.
Canninghill Piers 4-bedroom premium condo unit floor plan (Type DP1) spanning 1,755 sq ft. Image from Canninghill Piers brochure
4-Bedroom Condo Floor Plan
4-bedroom units measure 1,755 sqft (163 sqm) to 1,948 sqft (181 sqm), while 5-bedroom units measure 1,959 sqft (182 sqm). These flat types all come with a private lift lobby and are targeted at buyers who can afford an ultra luxe property.
Canninghill Piers Rent
As Canninghill Piers is still under construction, there are currently no units being put up for rent.
However, units at nearby The Pier at Robertson are currently being rented out for $4,100 to $6,900. 1-bedroom units measuring 657 to 743 sqft to are currently being rented out at $4,100 to $4,800 a month, offering an indication of what similar units at Canninghill Piers could fetch.
While this indicates healthy rents in the surrounding areas, don’t forget that units at Canninghill Piers at priced at a premium, even compared to other condos in the area. As such, investors might want to avoid banking on rental yield as their main goal.
Canninghill Piers Condo Review
Canninghill Piers enjoys an unbeatable location that is the Holy Grail for anybody who wants to live in the city centre. It is close to lots of highly desirable entertainment, cultural and dining amenities, and is also within walking distance of the CBD.
Unsurprisingly, buyers will have to pay a steep premium for the privilege of living at the site of the former Liang Court. While the core central region does seem to have good investment potential moving forward, due to the steep purchase price, rental yield might prove lacklustre. It remains to be seen what price tenants are willing to pay.
Pros of Canninghill Piers Condo:
- Highly central location in city core
- Fort Canning MRT right next door
- Walking distance to CBD
- Stone’s throw from Fort Canning Park
- Walking distance to Orchard Road shopping belt
- SOTA and many tertiary institutions nearby
- Excellent selection of dining, shopping and entertainment options
- City core property can have good investment potential
Cons of Canninghill Piers Condo:
- High price
- Rental yield uncertain