Canninghill Piers
by Capitaland & CDL
Soon to be launched in Singapore’s prime district 09, in the hip & well loved Clarke Quay precinct, will be Capitaland & City Development Ltd’s latest enbloc acquisition of the former Liang Court on River Valley Road.
Canninghil Square and Canninghill Piers are within walking distance to the Fort Canning MRT Station.
* seeking indication of interest






brief specifications
canninghill piers
Project : | Canninghill Piers |
Developers : | Capitaland & CDL |
Address : | 1 & 5 Clarke Quay |
Tenure : | Leasehold 99 yrs |
No of Units : | 696 units |
Site Area : | approx 139,128 sqft |
Est T.O.P : | To Be Advised |
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canninghill piers in the news
19 Aug 2021
CapitaLand and CDL introduce CanningHill Piers, a new landmark residence nestled between Fort Canning Hill and Singapore River
CapitaLand Limited (CapitaLand) and City Developments Limited (CDL) today unveiled the design of their latest joint residential development, CanningHill Piers, located between the historic Fort Canning Hill and the iconic Singapore River in District 6. Named to reflect its rare hill and river dual-frontage, CanningHill Piers is the only residential development in Singapore complemented by these two nature elements in its immediate surroundings. Boasting excellent connectivity that defines the best of urban living, the development is directly linked to Fort Canning MRT station on the Downtown Line, and right beside F&B and lifestyle destination Clarke Quay.
The landmark residence is part of an integrated development that also includes a commercial component with F&B and retail outlets named CanningHill Square, a hotel operated under the Moxy brand by Marriott International and a serviced residence with a hotel licence operated under the Somerset brand. The design scheme comprises four towers of different heights – a pair of diagonally-facing residential towers and one each for the hotel and serviced residence – set atop a double-storey commercial podium. All four towers are distinctly spaced apart from each other to maximise views and allow the courtyard at the heart of the commercial podium to open to the sky. A single continuous drape adorning the façade ties the various components together into an iconic and sculptural whole. Strategic parts of the façade drape are lifted to unveil building entrances, communal areas and green spaces at various heights, creating a strong and unified architectural identity for the integrated development.
At 180 metres, the 48-storey residential tower facing the riverside will be the tallest residential development along the Singapore River, while the 24-storey residential tower overlooking Fort Canning Hill stands at 100 metres. Housing a total of 696 units, the two residential towers are connected by an iconic sky bridge on Level 24, filled with a wide range of lifestyle facilities such as the Sky Gym, Infinity Lap Pool, Sky Gourmet, Flexi Lounge and Function Room offering unobstructed views of Fort Canning Hill, Singapore River, the Central Business District (CBD), Marina Bay and beyond. More amenities and vantage points await residents on Level 3, where an outdoor jogging track, a bouldering wall and an adventure-themed children’s play area can be found amidst verdant landscaping. The Sky Club, a luxurious clubhouse spanning over 1,900 square feet (sq ft), with breath-taking views of Marina Bay, together with the Sky Garden, are located on Level 45. A wide selection of unit types from one- to five-bedroom premium apartments, Sky Suites and a Super Penthouse, ranging in size from approximately 410 to 8,950 sq ft, will be available.
CanningHill Piers is designed by Danish architecture firm Bjarke Ingels Group (BIG) led by Bjarke Ingels, one of the world’s most well-known contemporary architects who is behind award-winning residential developments such as 8 House in Copenhagen and Via 57 West in New York. BIG is also the design architect for CapitaSpring, a soon-to-be-completed 51-storey integrated development by CapitaLand Group in Singapore’s Raffles Place CBD. CanningHill Piers is expected to be BIG’s first residential project to be completed in Asia.
Mr Jason Leow, President, Singapore & International, CapitaLand Group, said: “CanningHill Piers presents the best of both worlds – effortless access to Singapore’s city centre with top-notch F&B and lifestyle amenities at its doorsteps; and within itself a thoughtfully designed serene sanctuary with coveted amenities that offer excellent vantage points of the historical Fort Canning Park, the Singapore River, as well as the Marina Bay city skyline. Coupled with its unique location embraced by nature and historical landmarks, we are confident that CanningHill Piers will set a new benchmark in refined urban living and meet the aspirations of city dwellers for style, wellness and connectivity. With upcoming plans to reposition Clarke Quay as a wellness, lifestyle and F&B destination that is vibrant both in the day and at night, residents of CanningHill Piers can look forward to raising their families in a lively and modern neighbourhood.”
Mr Sherman Kwek, CDL Group Chief Executive Officer, said: “Conceptualised as a vibrant integrated waterfront development, CanningHill Piers seamlessly melds the convenience of urban living with a holistic wellness lifestyle and this icon will dramatically redefine the Singapore skyline. Through this timely urban renewal initiative, the former Liang Court site will be transformed into a prominent landmark next to Fort Canning Hill, imbued with the serenity of the Singapore River and the entertainment buzz of Clarke Quay. Along with our JV partner CapitaLand, we look forward to rejuvenating the historic Singapore River area with this majestic architectural masterpiece that will truly anchor and enliven the precinct.”
Drawing inspiration from its surroundings, the landscaping of CanningHill Piers extends the lush greenery of Fort Canning Hill to its various sky terraces. Part of an existing road that currently separates the project site and the river will be transformed into an attractive riverfront promenade that connects seamlessly with the vibrant Clarke Quay lifestyle precinct along the same stretch. In the future, residents can look forward to hiking from Fort Canning Park to Pearl’s Hill City Park through the scenic Singapore River, as part of the Urban Redevelopment Authority’s Master Plan 2019. In addition, Clarke Quay’s revitalised retail services and F&B offerings will suit the needs of the enlarged population of residents in the River Valley vicinity.
Targeted for completion in 2025, CanningHill Piers enjoys convenient access to the CBD via the Central Expressway. It will be directly linked by an underpass to Fort Canning MRT station on the Downtown Line, and a mere eight-minute walk from Clarke Quay MRT station on the North East Line. Water transport to Marina Bay and Robertson Quay is also available via river taxi.
21 Nov 2019 11:58PM
Liang Court site to be turned into integrated development with 700 apartments
The Liang Court site at Clarke Quay is set to be turned into an integrated development with two residential towers consisting of 700 units.
In a joint news release on Thursday (Nov 21), City Developments (CDL) and CapitaLand announced that they will be joined by Ascott Residence Trust (Ascott Reit) in the project which is expected to be open in phases from 2024.
Currently, the site consists of Liang Court mall, Novotel Singapore Clarke Quay hotel and the Somerset Liang Court Singapore apartments.
With a total gross floor area of 100,263 sq m, the proposed development, which is subject to approval from authorities, will also include a commercial component, a hotel and a serviced residence, the release said.
The redeveloped site will be directly linked to the Fort Canning MRT, it added.
Plans for site follow the proposed sale by CDL Hospitality Trusts (CDLHT) of its total interest in Novotel Singapore Clarke Quay to 50:50 CDL-CapitaLand joint venture entities and CDL, the developers said.
Ascott Reit will also sell part of its interest in Somerset Liang Court Singapore to CDL, the release added.
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.
CDLHT will own the hotel, which will have about 460 to 475 rooms, under a forward purchase agreement with CDL. The hotel will be operated under the Moxy brand by Marriott International while the serviced residence will retain its Somerset branding, according to the joint release.
The consortium also added that it plans to rejuvenate the river promenade flanking the property. This is it said was “in line with the Urban Redevelopment Authority’s Draft Master Plan 2019 to enhance the area’s vibrancy”.
The plan is expected to increase footfall and improve pedestrian accessibility along the Singapore River.
Source:
CNA
04 June 2019
Liang Court deal shows quirk in CapLand strategy
LAST Friday’s completion of the acquisition of Liang Court mall along River Valley Road by CapitaLand and City Developments Ltd (CDL) brings together two property groups that have adopted somewhat different business strategies in the past.
With their S$400 million purchase of the mall from an entity linked to PGIM Real Estate, control of the overall Liang Court mixed-development complex has narrowed from three parties previously to just two.
The ageing complex has two other components. CapitaLand’s listed unit Ascott Residence Trust already owns the Somerset Liang Court Singapore serviced residence while CDL’s indirect subsidiary CDL Hospitality Trusts owns the Novotel Singapore Clarke Quay hotel.
With just two parties – CapitaLand and CDL groups – now controlling Liang Court complex, expectations are that this should facilitate planning for a redevelopment of the commercial and residential-zoned site. This would capitalise on the site’s strategic location along the Clarke Quay stretch of the Singapore River; the plot is also next to the Fort Canning Station on the Downtown Line and a stone’s throw from the Clarke Quay Station on the North-East Line.
Developed in the 1980s, the Liang Court complex is on a site with leasehold tenure of about 97 years from April 1980, leaving 58 years on its lease.
Some market watchers may recall that it was CapitaLand’s then-listed serviced residence arm The Ascott Group which had sold Liang Court mall back in 2006 to the Asian Retail Mall Fund (II), which now sits as part of the PGIM Real Estate AsiaRetail Fund, for S$175 million.
Based on previous reports, ARMF II pumped in a further S$40 million to spruce up the mall.
Under the recently concluded transaction, CapitaLand is effectively paying S$200 million for a half-share in the mall.
Back in 2006, The Ascott Group described the sale of the mall as being in line with its asset-light strategy to divest non-core assets and reinvest the proceeds into higher-yielding assets and markets.
While one could argue that Ascott could have enjoyed a doubling in value of Liang Court mall had it held on to the asset, a possible counter to this argument may be that Ascott ended up using the sale proceeds to buy a serviced apartment block, say, in China, and the value of which may have tripled over the same period.
Also, the S$400 million pricing for Liang Court mall in the recent deal takes into account the redevelopment play for the entire complex – which could have been more difficult to crystallise, say, 13 years ago, when Ascott sold it.
That said, a traditional family-controlled property group – a category that includes the likes of CDL, Frasers Property and UOL Group – may have tended to take a more strategic, long-term view, and held on to the mall, biding for the right time to unlock its redevelopment potential, instead of selling low and buying it back at a much-higher price later on.
Quirks like these may pop up from time to time for a group such as CapitaLand with a hybrid model that blends property development with capital/fund management – and practises capital recycling, portfolio management and reconstitution to an extreme.
Still, given that the group has managed to grow its assets under management to a staggering S$100.1 billion (as at end-2018, before its acquisition of Ascendas-Singbridge; post that transaction, the figure would be S$123.4 billion) and it is targeting double-digit returns on equity – most analysts would hesitate to criticise CapitaLand’s approach.
Source:
Business Times
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We love to hear from you and will be most glad to share with you the beauty of securing a unit in our development.
Team Canninghill Piers
- 1 & 5 Clarke Quay, Singapore
- 2 towers comprising 696 residential units
- TBA
- +65 6100 3511
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