10 Feb 2025
River Valley Green (Parcel B) Draws Five Bidders
Property Insight

The River Valley Green (Parcel B) Government Land Sales (GLS) site, designated for residential with commercial at the first storey, attracted five bidders. This marks the highest level of participation for a site in the vicinity in recent times, underscoring developers' confidence in its potential.

GuocoLand, through GLL B Pte. Ltd., emerged as the top bidder with a $627.8 million bid, translating to $1,420 per square foot per plot ratio (psf ppr). This exceeded the second-highest offer by 8.9%, reinforcing market optimism for well-located plots. Other bidders included Sing Holdings Residential Pte. Ltd. ($1,303 psf ppr), Sing-Haiyi Garnet Pte. Ltd. ($1,280 psf ppr), Garden Estates (Pte.) Limited ($1,252 psf ppr), and Kingsford Huray Development Pte. Ltd. ($1,251 psf ppr).

The strong interest in this site contrasts with earlier tenders—River Valley Green (Parcel A) had only two bidders, Zion Road (Parcel B) also saw two bidders, while Zion Road (Parcel A) attracted a single bid. This underscores the strategic appeal of River Valley Green (Parcel B), which benefits from excellent connectivity and a desirable residential district near the Singapore River.

Market Context and Demand Trends

Private home sales in the Core Central Region (CCR) in 2024 moderated, with 378 units sold compared to 1,454 units in 2023. The slowdown was largely due to the limited number of new launches earlier in 2024. However, 2025 is expected to see a turnaround, driven by an increase in new project launches. Upcoming developments like Marina View Residences and Aurea are anticipated to reignite buyer interest and provide a diverse range of housing options.

Prime Location and Competitive Positioning

Situated within the River Valley Planning Area, the site is highly coveted due to its proximity to the Singapore River, Robertson Quay, and Great World MRT station on the Thomson-East Coast Line. This location provides seamless access to the Central Business District (CBD), Marina Bay, Orchard Road, and key expressways.

The site’s prime positioning makes it attractive to local and international buyers, particularly with lifestyle and recreational amenities such as Great World City and Robertson Quay's riverside dining and nightlife. Additionally, River Valley Primary School enhances the site’s family appeal.

Price Projections and Market Resilience

The non-landed price index in the CCR saw a 4.5% increase in 2024, up from 1.9% in 2023. 4Q2024 recorded a 2.6% increase, rebounding from a -1.1% dip in 3Q2024. The luxury segment remained resilient, with marginal growth in high-value transactions ($10 million and above), reinforcing demand for prime district properties.

Click here for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg  

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22 Aug 2025
Freehold Shophouses Remain Top Pick in 1H2025 Market

A total of 38 caveated shophouse transactions were recorded in 1H2025, moderating slightly from 44 in the same period last year. Freehold shophouses continued to dominate investor preference, making up 76.3% of transactions

District 8 emerged as the most active, clocking 12 transactions, underpinned by its central location, cultural vibrancy, and high footfall from locals and tourists. 

Looking ahead, demand for conservation shophouses is expected to stay resilient despite ongoing global trade uncertainties. Their limited supply, heritage charm, and strategic locations continue to support their long-term investment value. Shophouses offer flexibility of use, from lifestyle retail and boutique offices to F&B concepts—making them attractive legacy assets.

 Click

here

for the full report  

  

  

  

  

Prepared By: 

Mohan Sandrasegeran 

Head of Research & Data Analytics 

  

  

Email:

research@sri.com.sg

 

   

Property Insight
15 Aug 2025
July 2025 Developer Sales Rebound on Strong New Launch Activity

July 2025 marked a strong rebound in Singapore’s new private home sales, with developers selling 940 units excluding Executive Condominiums (ECs), up sharply from 272 units in June. Including ECs, total sales reached 1,311 units, compared to 305 in the previous month. This recovery followed two quieter months and reflected renewed momentum in the primary market as multiple high-profile launches attracted strong buyer interest.

The surge was driven by a wave of new projects, including The Robertson Opus, UpperHouse at Orchard Boulevard, LyndenWoods, and EC development Otto Place. These launches provided buyers with diverse options across regions and price points, revitalising market sentiment. 

Top-selling projects in July highlight strong performances in both EC and private segments. Otto Place led with 358 units sold at a median price of $1,746 psf, reinforcing robust demand for ECs, particularly in areas with recent successful projects like Novo Place. In the non-EC category, LyndenWoods topped sales with 331 units at $2,463 psf, achieving over 94% take-up in its launch weekend. Its location in the Rest of Central Region (RCR) within Singapore Science Park offered a unique proposition, appealing to professionals in tech, biomedical, and R&D sectors. This aligns with the URA Draft Master Plan 2025’s vision for Greater One-North as an innovation district integrating housing, research, and business infrastructure.

Click

here

for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: research@sri.com.sg

Property Insight
06 Aug 2025
CDL Tops Bids for Woodlands Drive 17 and Senja Close EC Sites

City Developments Limited (CDL) is making a notable return to the Executive Condominium (EC) segment, clinching the top bids for both the Woodlands Drive 17 and Senja Close EC sites. This marks CDL’s first successful EC land acquisition since 2022, when it secured the Bukit Batok West Avenue 5 site which became Lumina Grand. These new wins reflect CDL’s strategic re-entry into the hybrid public-private housing market and its intention to strengthen its foothold in the mass market segment.

For the Woodlands Drive 17 EC site, CDL’s bid of $360.9 million ($782 psf ppr) set a new record for EC land prices, surpassing the previous high of $768 psf ppr at Tampines Street 95. This site attracted a total of five bids, with Sim Lian Group coming in a close second at $781 psf ppr. The marginal difference highlights CDL’s competitive intent, particularly given the site’s locational advantages.

In Bukit Panjang, CDL also submitted the highest bid for the Senja Close EC site at $252.9 million ($771 psf ppr). This was another five-way contest, and the bid reflects CDL’s strategy to diversify geographically while meeting demand in under-supplied areas. Bukit Panjang has not seen a new EC launch since Blossom Residences in 2011, making this a rare opportunity to meet accumulated demand from first-time buyers and HDB upgraders.

Click

here

for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: research@sri.com.sg

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