Why were the last 3 transactions at Canninghill Piers so cheap?

The prices of the last few transactions at Canninghill Piers can vary due to several factors, even if they seem relatively lower than the average or peak prices.

1. Unit Size and Type: Smaller units or those with less desirable orientations might be priced lower. For instance, the lowest recorded transaction was for a 1,259-sqft unit, which could explain the lower price per square foot (psf).

2. Floor Level and View: Units on lower floors or those without premium views (e.g., river or city views) may be priced lower compared to those on higher floors or with better views.

3. Market Conditions: The real estate market in Singapore can fluctuate, and prices may adjust based on current demand and supply dynamics. Even within the same development, prices can vary over time due to changes in market sentiment.

4. Negotiations and Discounts: Buyers may sometimes negotiate better prices, especially if they are purchasing multiple units or if the developer is offering incentives to clear inventory.

For the most accurate and up-to-date information on recent transactions and pricing trends at Canninghill Piers, you can check the latest updates on EdgeProp Singapore.