River Valley Apartments En Bloc Sale 2025 – Freehold D10
River Valley Apartments, a freehold residential development located in the prestigious District 10, has been launched for collective sale with a guide price of S$56 million.
This rare opportunity offers developers and investors a prime redevelopment site in one of Singapore’s most coveted neighborhoods.
Despite a cautious residential market, the launch highlights renewed interest in boutique residential developments in prime districts.
Built in the 1950s, River Valley Apartments is a four-story development with a rich history.
The site features 24 residential units, each ranging between 947 and 1,238 sq ft in size.
The freehold property occupies a land area of approximately 12,408 sq ft and is zoned for residential use with a gross plot ratio of 2.8 under the Urban Redevelopment Authority’s Master Plan 2019.
The collective sale tender is priced at S$56 million, translating to a land rate of around S$1,622 per square foot per plot ratio (psf ppr), including a nominal land betterment charge.
When factoring in the 7% bonus gross floor area (GFA) allowed for balconies, the adjusted land rate drops to S$1,583 psf ppr.
Owners of the individual units can expect sale proceeds of S$2 million to S$2.6 million each if the tender is successful.
River Valley Apartments Redevelopment Potential and Strategic Location Benefits
The River Valley Apartments site offers significant redevelopment potential.
Developers can transform the property into a boutique residential project with up to 37 new units, each averaging 915 sq ft.
Additionally, alternative uses such as co-living spaces or serviced residences could be explored, subject to approval from the authorities.
The property’s prime location enhances its appeal. Situated just 500m from Great World MRT Station on the Thomson-East Coast Line, residents enjoy unparalleled connectivity.
Nearby amenities include Great World City and Valley Point Shopping Centre, catering to retail and dining needs.
The en bloc site is also within a 1km radius of top educational institutions like River Valley Primary School, Alexandra Primary School, and Anglo-Chinese School (Junior).
Its proximity to these key facilities makes it highly attractive to families and professionals alike.
Insights from Knight Frank
Knight Frank Singapore, the exclusive marketing agent for this collective sale, believes the site will draw strong interest.
Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank, highlighted the developer interest in the River Valley area, even amid subdued Central Region home sales.
She noted the successful Government Land Sales (GLS) in the vicinity last year, including Zion Road Parcels A and B and River Valley Green, which demonstrate the ongoing demand for well-located sites.
The River Valley Apartments collective sale follows the successful transaction of 132 Sophia Road for S$33.59 million in December 2023.
This sale reflects a growing trend of renewed developer interest in boutique developments within Singapore’s prime districts.
Despite the impact of cooling measures, prime districts continue to attract cautious yet optimistic developers.
The River Valley Apartments site presents an opportunity to capitalize on pent-up demand for boutique residential units, particularly in an area with strong rental and resale potential.
Tender Closing and Next Steps
The tender for River Valley Apartments will close on Feb 18 at 3 pm.
Developers and interested parties are encouraged to act quickly to secure this rare investment opportunity in the heart of District 10.
River Valley Apartments presents a unique chance for developers to acquire a well-located freehold site with significant redevelopment potential.
Its prime location, combined with the possibility of creating boutique residential units, makes it an ideal investment for those seeking long-term value.