{"id":55393,"date":"2022-06-02T09:37:30","date_gmt":"2022-06-02T01:37:30","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/"},"modified":"2022-07-13T07:43:20","modified_gmt":"2022-07-12T23:43:20","slug":"20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/","title":{"rendered":"20 units at CanningHill Piers bought in bulk by Chinese national for over S$85m"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>A buyer has reportedly bought 20 units at <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/canninghill-piers\">CanningHill Piers<\/a> for over S$85 million. According to <a href=\"https:\/\/www.zaobao.com.sg\/finance\/singapore\/story20220602-1278764\" target=\"_blank\" rel=\"noopener\">Lianhe Zaobao<\/a>, the buyer is understood to be from Fujian province in China.<\/p>\n<p>The buyer was said to have bought 3-bedders and 4-bedders in June 2022. The 3-bedroom units at <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/canninghill-piers\">CanningHill Piers<\/a> were priced between S$3.1 million and S$3.3 million, while the 4-bedroom units were priced between S$5.3 million and S$5.6 million.<\/p>\n<p>According to ERA Realty Network, who brokered the deal, these include six 3-bedroom units of 1,259 sq ft and five 3-bedroom units of 1,130 sq ft, with the remaining units being 4-bedroom units spanning 1,959 sq ft. The units are located in several stacks across various floors, ranging from 6th to 23rd floor.<\/p>\n<h2><strong>Buyer is considering to buy 10 more units<\/strong><\/h2>\n<p>The Zaobao report also quoted a source familiar with the deal, saying that the buyer is considering buying 10 more units, which would mean that the deal would amount to more than S$100 million. This would translate to an <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-additional-buyers-stamp-duty-absd\/\" target=\"_blank\" rel=\"noopener\">ABSD<\/a> of S$30 million.<\/p>\n    <section id=\"portal-widget-tab-panel-69f703748a5ff\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-69f703748a5ff\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">Properties for sale at CanningHill Piers<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale?autocomplete_main_categories=condo&amp;listing_type=sale&amp;map_bounds=1.265154%2C103.811278%2C1.317958%2C103.877872&amp;name=Canninghill%20Piers%20%2F%20Canninghill%20Square&amp;page_num=1&amp;page_size=35&amp;property_segments=residential&amp;query_coords=1.29155615257582%2C103.8445751023&amp;query_ids=detxiCrWyboaSifGq7f4kHQ9&amp;query_limit=radius&amp;query_type=cluster&amp;radius_max=1000&amp;rental_type=&amp;show_cluster_preview=true&amp;show_description=true&amp;show_future_mrts=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;zoom=15&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/yu3vP43V4CtvNaCP3LeEVj?text=Robin+Pang+%E9%A6%AE%E4%BF%8A%E6%9D%90&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=2a335e1b5a5f4942ef700629c26b4b188c9a95fe\" alt=\"Canninghill Piers \/ Canninghill Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Canninghill Piers \/ Canninghill Square<\/div>\n                            <div class=\"card-text card-subtitle\">5 Clarke Quay \u00b7 D6<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>538 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,700,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/canninghill-piers-canninghill-square-condo-EkrzqEUEN2giB8SRmBxgcQ?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/pTGJZVsY7HdqX3TvN4Xc3R?text=Rachel+Goo&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=1435ec8d84a770dac8cd92e7d2e1971b11eb4605\" alt=\"Canninghill Piers \/ Canninghill Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Canninghill Piers \/ Canninghill Square<\/div>\n                            <div class=\"card-text card-subtitle\">1 Clarke Quay \u00b7 D6<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,755 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 6,280,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/canninghill-piers-canninghill-square-condo-f24cAv4KJ8bbAocHY7mGN7?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/2UWaGmMMCancMGr4aSzRXL?text=Simon+Lim&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=476c3bd5ca1d12cd8f10a7e15b08aaaa39c83f8f\" alt=\"Canninghill Piers \/ Canninghill Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Canninghill Piers \/ Canninghill Square<\/div>\n                            <div class=\"card-text card-subtitle\">5 Clarke Quay \u00b7 D6<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>947 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,100,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/canninghill-piers-canninghill-square-condo-UKcoJUFR2pS2rbq2pEe8ee?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/yhGsjocEddiiwFKRhWr9HJ?text=Henry+Lim&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=830251413bddbae0e91861360e21ba8098b5aa7d\" alt=\"Canninghill Piers \/ Canninghill Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Canninghill Piers \/ Canninghill Square<\/div>\n                            <div class=\"card-text card-subtitle\">5 Clarke Quay \u00b7 D6<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,788 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 7,299,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/canninghill-piers-canninghill-square-condo-PZsRvhzc3PoB8MDpEWj7Td?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/nobcRa3iYr3L4pNhqvr7e4?text=Henry+Lim&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=15a6431a0d1d7431ee5f3274cd66fb8741ce90a6\" alt=\"Canninghill Piers \/ Canninghill Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Canninghill Piers \/ Canninghill Square<\/div>\n                            <div class=\"card-text card-subtitle\">1 Clarke Quay \u00b7 D6<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,130 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,503,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/canninghill-piers-canninghill-square-condo-9iAcwNhRdfYTd2KsSVR8dH?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/KAf4dZqtTEWciKwmKVqXAQ?text=Henry+Lim&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=94c5c14ab59c4a71a1e4ebf59f50ee8a1146682d\" alt=\"Canninghill Piers \/ Canninghill Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Canninghill Piers \/ Canninghill Square<\/div>\n                            <div class=\"card-text card-subtitle\">5 Clarke Quay \u00b7 D6<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,874 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 9,599,900<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/canninghill-piers-canninghill-square-condo-5jfEPuFNeWjZ5c6fjQ88az?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/zS8xKmipfAzubAoCAyTHQn?text=Angeline+Chua++%28%E8%94%A1%E5%81%B2%E6%85%A7%EF%BC%89&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=5a94218b266a1f2cd49a5682645518ce5ac1cb3b\" alt=\"Canninghill Piers \/ Canninghill Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Canninghill Piers \/ Canninghill Square<\/div>\n                            <div class=\"card-text card-subtitle\">5 Clarke Quay \u00b7 D6<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>560 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,899,999<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/canninghill-piers-canninghill-square-condo-bop42G88pntuiYpaKt5Urs?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/YjN5ecXQmBxhxrjv3GAygW?text=Darren+Leow&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=314251f4461e7ef1e1c1ad0306e96937fb6bffbc\" alt=\"Canninghill Piers \/ Canninghill Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Canninghill Piers \/ Canninghill Square<\/div>\n                            <div class=\"card-text card-subtitle\">5 Clarke Quay \u00b7 D6<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>883 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,080,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/canninghill-piers-canninghill-square-condo-84rzv2WRbxJEuQ2rR37cMQ?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/vYwDvAgunKwzhdRiNpEreZ?text=Willy+Ng&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=36791f15a36a0be546e8276cf5d87a8f84f0b9ef\" alt=\"Canninghill Piers \/ Canninghill Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Canninghill Piers \/ Canninghill Square<\/div>\n                            <div class=\"card-text card-subtitle\">5 Clarke Quay \u00b7 D6<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,130 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,503,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/canninghill-piers-canninghill-square-condo-iTJfXYHvaqhZuZsoUKVrsw?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/TVqJU8B7mnnDGShHnM5y5J?text=Willy+Ng&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=30f7c8e0ab3a3ba5d63f699a439c06b109bf8511\" alt=\"Canninghill Piers \/ Canninghill Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Canninghill Piers \/ Canninghill Square<\/div>\n                            <div class=\"card-text card-subtitle\">1 Clarke Quay \u00b7 D6<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>6<\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,788 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 8,648,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/canninghill-piers-canninghill-square-condo-GPvnqrw4DiywSdfv7jNHUs?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n<p>&nbsp;<\/p>\n<p>Given <a href=\"https:\/\/www.99.co\/singapore\/insider\/cooling-measures-announced-absd-tdsr-ltv-16-december-2021\/\" target=\"_blank\" rel=\"noopener\">last December\u2019s round of cooling measures<\/a>, foreigners will now have to pay 30% in ABSD, which is short for Additional Buyer\u2019s Stamp Duty. Foreigners will have to pay the ABSD regardless of the number of residential properties they buy.<\/p>\n<p>This is on top of the <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-buyers-stamp-duty-bsd\/\" target=\"_blank\" rel=\"noopener\">Buyer\u2019s Stamp Duty (BSD)<\/a>, which we estimate to be around S$4 million in total should the deal for the additional units go through.<\/p>\n<p>According to the insider source, the funds to pay the units were transferred from Indonesia to Singapore.<\/p>\n<h2><strong>Rise in the number of foreign buyers<\/strong><\/h2>\n<p>Notably, there has been an increase in the number of foreign buyers recently, given the reopening of borders. Singapore\u2019s stability and status as a safe haven also make it attractive for foreign buyers to buy property here.<\/p>\n<p>For instance, according to Christine Sun, Senior Vice President of Research and Analytics from OrangeTee and Tie, there was a 136% increase in foreign buyers buying new launch condos in April.<\/p>\n<p>59 units of new launch condos were bought by foreigners in April, compared to 25 units in March. At the same time, April\u2019s number was higher than the monthly average (from April 2021 to March 2022) of 40 units.<\/p>\n<p>This was also not the first time foreign buyers have made headlines for buying condo units in bulk. Back in March last year, all 20 units of <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/eden\" target=\"_blank\" rel=\"noopener\">EDEN<\/a> were <a href=\"https:\/\/www.99.co\/singapore\/insider\/entire-condo-sold-swire-eden-ardmore-draycott\/\" target=\"_blank\" rel=\"noopener\">bought in bulk by a family for S$293 million<\/a>. It was later revealed that the buyers were the Tsai family of Want Want China Holdings from Taiwan.<\/p>\n<p>Besides <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/canninghill-piers\">CanningHill Piers<\/a>, check out other <a href=\"https:\/\/www.99.co\/singapore\/new-launches\">new launch condominiums<\/a> in Singapore&#8217;s city centre:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/midtown-modern\">Midtown Modern<\/a><\/li>\n<li><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/midtown-bay\">Midtown Bay<\/a><\/li>\n<li><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/the-m\">The M<\/a><\/li>\n<li><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/one-bernam\">One Bernam\u00a0<\/a><\/li>\n<li><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/one-pearl-bank\">One Pearl Bank<\/a><\/li>\n<\/ul>\n<h2><strong>What do you think of the bulk sale at CanningHill Piers? Let us know in the comments section below or on our Facebook <a href=\"https:\/\/www.facebook.com\/99dotco\/posts\/2294969343989867\" target=\"_blank\" rel=\"noopener\">post<\/a>.\u00a0<\/strong><\/h2>\n<p>If you found this article helpful, 99.co recommends <a href=\"https:\/\/www.99.co\/singapore\/insider\/canninghill-piers-sold-77-of-units-during-launch-weekend\/\" target=\"_blank\" rel=\"noopener\">CanningHill Piers sold 77% of units during launch weekend<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/insider\/h2-2022-gls-announcement\/\" target=\"_blank\" rel=\"noopener\">H2 2022 GLS: First condo in Marina South, second EC in Tengah and more sites at Lentor.\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A buyer has reportedly bought 20 units at CanningHill Piers for over S$85 million. According to Lianhe Zaobao, the buyer is understood to be from Fujian province in China. The buyer was said to have bought 3-bedders and 4-bedders in June 2022. The 3-bedroom units at CanningHill Piers were priced between S$3.1 million and S$3.3&hellip;<\/p>\n","protected":false},"author":111,"featured_media":55478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53738,57131],"tags":[56535,53740,53680],"persona":[],"class_list":{"2":"type-post","13":"entry","14":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>20 units at CanningHill Piers bought in bulk by Chinese national for over S$85m - 99.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"20 units at CanningHill Piers bought in bulk by Chinese national for over S$85m\" \/>\n<meta property=\"og:description\" content=\"A buyer has reportedly bought 20 units at CanningHill Piers for over S$85 million. According to Lianhe Zaobao, the buyer is understood to be from Fujian province in China. The buyer was said to have bought 3-bedders and 4-bedders in June 2022. The 3-bedroom units at CanningHill Piers were priced between S$3.1 million and S$3.3&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/99dotco\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-02T01:37:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-12T23:43:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/07\/canninghill-piers-header1-e1654161964377.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1120\" \/>\n\t<meta property=\"og:image:height\" content=\"653\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Virginia Tanggono\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@99dotco\" \/>\n<meta name=\"twitter:site\" content=\"@99dotco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Virginia Tanggono\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/\"},\"author\":{\"name\":\"Virginia Tanggono\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/0955a51981be4227cfc74bd63e9c428b\"},\"headline\":\"20 units at CanningHill Piers bought in bulk by Chinese national for over S$85m\",\"datePublished\":\"2022-06-02T01:37:30+00:00\",\"dateModified\":\"2022-07-12T23:43:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/\"},\"wordCount\":622,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/07\/canninghill-piers-header1-e1654161964377.jpg\",\"keywords\":[\"CanningHill Piers\",\"new launch condo\",\"yahoosgfeed\"],\"articleSection\":[\"Condo\",\"New Launch Condo\",\"Property News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/20-units-canninghill-piers-bought-bulk-chinese-national-over-s85m\/\",\"name\":\"20 units at CanningHill Piers bought in bulk by Chinese national for over S$85m - 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