River Green By Wing Tai | River Valley Parcel A Secured with S$464 Million bid
Prime District 9 Land Sold Under Government Land Sales (GLS) Program
River Green by Wing Tai has been secured for S$464 million, translating to S$1,325 per square foot per plot ratio (psf ppr). This prime residential site in District 9, near Great World MRT Station, is set to be transformed into a luxury condominium offering unparalleled convenience and exclusivity.
With its central location, seamless connectivity, and premium residential appeal, River Green is poised to attract discerning homebuyers and investors seeking prime real estate in Singapore’s Core Central Region (CCR).
Key Details of River Valley Green Parcel A
• Winning Bidder: Wing Tai Holdings (via subsidiary Winchamp Investment)
• Site Area: 1.6 hectares
• Zoning: Residential
• Gross Floor Area (GFA): 32,527 square meters
• Estimated Units: 380 private residences
• Land Rate: S$1,325 psf ppr
A Competitive Yet Cautious Market
Despite the prime location and strong fundamentals of the site, only two bids were submitted. The second bid of S$444.9 million came from Hong Realty, a unit of Hong Leong Group.
This muted competition reflects market caution, as the top bid for River Valley Green Parcel A was 12.5% lower than the S$1,515 psf ppr achieved for the nearby Irwell Bank Road GLS site in 2020, when market conditions were more bullish.
Developers are selective about acquisitions, considering high development costs, cooling measures, and macroeconomic uncertainties.
Why River Green Is a Prime Investment
1. Excellent Connectivity
•Next to Great World MRT Station (Thomson-East Coast Line), providing direct access to Orchard, Shenton Way, and Marina Bay.
•Well-served by major expressways and arterial roads, ensuring seamless travel across Singapore.
2. Proximity to Lifestyle & Retail Hubs
• Walking distance to Great World City and Robertson Quay, offering dining, shopping, and entertainment.
•Close to Orchard Road, Singapore’s premier shopping belt.
3. Education & Residential Demand
• Within 1km of River Valley Primary School, making it a highly desirable location for families.
• Near international schools such as ISS International and Chatsworth International School.
What This Means for Investors & Homebuyers
With Wing Tai’s acquisition of River Valley Green Parcel A, the site is poised to be transformed into a luxury residential development. Given its central location, strong connectivity, and lifestyle offerings, demand for units is expected to be high, making it an attractive option for homebuyers and investors.
As Singapore’s real estate landscape continues evolving, developers remain strategic in land acquisitions, prioritizing high-value, prime district sites like River Valley over untested asset classes.