CanningHill Piers with a total gross floor area (GFA)3 of 100,263 square metres (sq m) will comprise two residential towers offering around 700 apartment units, a commercial component, a hotel and a serviced residence with a hotel licence. CanningHill Piers sits on a prime site with a coveted dual-frontage facing Singapore River and Fort Canning Hill.
Upon completion, the 50:50 CDL-CapitaLand joint venture entities will own the residential and commercial components while Ascott Reit will own the 192-unit serviced residence with a hotel licence. CDL will own the hotel, which will have about 460 to 475 rooms4, under a forward purchase agreement with CDL5. The hotel will be operated under the Moxy brand by Marriott International while the serviced residence will retain its Somerset branding. The proposed integrated development is targeted to open in phases from 2024.
Highlights of CanningHill Piers
✔ Only 1 minute to access Fort Canning MRT station
✔ It take 3min to Clarke Quay MRT station
✔ CanningHill Piers site marks another collaboration between CDL and CapitaLand
✔ Sits on a prime site with a coveted dual-frontage facing Singapore River and Fort Canning Hill
✔ High-rise riverfront residential development that comes with stunning views of Singapore River and the city centre.
✔ Offering residents the convenience of top-notch F&B and retail offerings right on their doorstep.