Sale of the week for 4 Mar – 10 Mar 2024 were 71 units
The CCR accounted for 15.5% while the RCR and OCR made up 21.1% and 63.4%
River Valley Green (Parcel A) is launched for sale under 1H 2024 GLS programme
The Government is offering more land, following the completion of the Thomson-East Coast MRT line and buyers’ preference to stay near a train station
There is technically no new supply in the area as Irwell Hill Residences is almost sold out and should be fully sold by the time this project is launched for sale
There is a GLS site nearby at Zion Road (Parcel A) but Zion Road is a much bigger site and has long stay serviced apartments as part of the tender conditions which may reduce the appeal to some developers
The site might attract a top bid of $1,500 psf ppr to $1,600 psf ppr from not more than 3 bidders
River Valley Green (Parcel B) is unlikely to be triggered for sale as developers may want to observe the bids for Parcel A and Parcel B has long stay serviced apartments which are untested.
