CANNINGHILL PIERS
UrbanLens Analysis
At $2,900 PSF, CANNINGHILL PIERS prices 7% below the District 06 median. Compare that to EDEN RESIDENCES CAPITOL at $3,335 PSF -- a 13% premium that buyers need to justify. Being 1 minutes on foot from Fort Canning MRT (114m) adds genuine convenience and supports the pricing.
Prices have essentially flatlined over two years (+0.3%), suggesting a market in equilibrium. 44 transactions over two years gives deep liquidity and reliable pricing signals.
With ~94 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
At 696 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EDEN RESIDENCES CAPITOL | $3,335 | — | -6.7% |
PSF Trend
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