Two projects were launched by City Development Limited this year of which both are located in the Central region. The first was the Irwell Hill Residences offering 540 units and are located just off River Valley Road being minutes walk to Great World MRT station.
Over 50% of the project was sold within the weekend when it was launched in April, and this includes a four-bedroom Sky Penthouse which fetched over $9 million.
The second new condo to be launched this year was CanningHill Piers, which is jointly developed by both CapitaLand Development and CDL. The original site is the former Liang Court at Clarke Quay fronting the Singapore River. This is redevelopment of the old and transformed by the new. This 696-unit CanningHill Piers saw 538 units sold on the weekend with sales value of $1.18 billion and registered an average selling price of $3,000 psf.
With this robust sales, CanningHill Piers becomes the best-selling project launch in the Central area this year with even the 8,956 sq ft super penthouse at level 48 of CanningHill Piers which has an uninterrupted views of the city and riverfront being sold at a record price.
CanningHill Piers sales number aside, City Development had already sold 1,382 residential units in the first three quarters of 2021 alone having a total sales value of $2.5 billion registering a 30% y-o-y increase in terms of units sold and as such there is a 76% jump in terms of sales value compared to a year ago.
The Arden by Qingjin, The Arden location in D23, The Arden price – to sell
CDL to develop Piccadilly Grand, Piccadilly Grand location in cityfringe
Sceneca Residence in Tanah Merah by MCC, Sceneca Residence location mins to MRT
