Singapore’s three main developers already intend and revamp the promenade to make Canninghill Square a new icon. The plans are in line with the 2019 URA master plan to improve pace in the region. Due to its strategic situation with convenient access to facilities, the demand for Canninghill Square is projected to be strong.
By jointly publishing the Ascott residence trust (Ascott Reit) in a consortium which Canninghill Square is scheduled to establish in 2024, City Development (CDL) and CapitaLand reported.
The Development at Canning Hill Square Singapore will comprises of the hotel, business units and a serviced residence would be included. It can be linked to Fort Canning MRT directly. Site redevelopment is carried out since the selling of the property to CLD and CapitaLand by the CDL Hospitality Trusts (CDLHT) has taken a 50:50 proportion. Ascott Reit has already sold some of its land to CDL on the website.
Once Canninghill Square is finished, CDL-CapitaLand owns Commercial and residential elements, while the Ascott Reit developer is responsible for 192 units of serviced hotel residence. With a forward purchasing deal with CDL, CDLHT will own the hotel with 460 to 470 spaces. Marriott International, which operates like a Moxy, manages the property, and the serviced apartments are Somerset.
CDL, CapitaLand and Ascott Reit are three big weight developers behind Canninghill Square. CapitaLand and CDL share residential and industrial apartments at 50:5, while the hotel is under the jurisdiction of CDL, while Ascott Reit is allowed to manage the serviced apartment.
Location of Canning Hill Square
In the River Valley Road and in the vicinity of Clarke Quay, Canninghill Square is the forthcoming integrated plan. The land is situated in two residential buildings of nearly 700 apartments. The site’s former construction includes Hotel Novotel, Liang Court Mall and serviced dwellings of Somerset Liang Court.
For the inhabitants of River Valley there are a number of shopping and dining choices. Besides the forthcoming Canninghill Square hotel, the surrounding restaurants can easily be visited. The citizens of Great World City and the famous Orchard Road shopping belt with its different malls and shopping malls for unrestricted retail treatment are within minutes’ walk of shopping. In comparison, Canninghill Square residents experience more leisure in at Robertson Quay. You should expect great locations from pubs, bistros, bars and art houses to chill and relax the tension of the week.
Because of its proximity to several colleges, River Valley is a family-friendly suburban place. Local schools including River Valley Primary School are within range. It has several foreign schools from children’s schools as well as Overseas Family Schools to Singapore International Schools, all within a short commute. The region is popular with expatriates.
Amenities near Canning Hill Square Singapore
Canninghill Square is a nice spot to build your own house for families with teenagers. Many well-known schools are within distance. The schools in Singapore, plus the city are full of foreign students, all around Singapore. You should select the right program for your children and allow them to study nearby.