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  

You may also like

Property Insight
26 Oct 2026
HDB Resale Transactions Rise 19.5% in 3Q2026 as Prices Continue to Stabilize

Singapore's HDB resale market recorded stronger transaction activity in 3Q2026, with 7,645 resale flats changing hands, representing a 19.5% increase from the 6,396 transactions in the preceding quarter. This marked the highest quarterly resale transaction volume since 3Q2024, when 8,142 transactions were registered. On a yearly basis, resale transactions increased by approximately 5.9%.

The stronger activity suggests that underlying demand for HDB resale flats remains relatively healthy despite a more measured pricing environment.

One contributing factor could be the absence of a Build To Order (BTO) sales exercise during the quarter, encouraging some prospective buyers to explore resale options. The growing pipeline of flats reaching their Minimum Occupation Period (MOP) is also expected to progressively expand resale housing availability, providing buyers with greater choice across locations, flat types and price points.

HDB resale prices moderated by 0.1% quarter on quarter in 3Q2026, marking the third consecutive quarter of price adjustments.

Cumulatively, resale prices declined by 0.5% over the first nine months of 2026, compared with a 2.9% increase over the corresponding period in 2025. This represented the weakest first nine month performance since 2018.

The moderation suggests that the resale market is gradually transitioning towards a more balanced environment following several years of sustained price appreciation.

Importantly, stronger transaction activity alongside moderating prices indicates that buyer interest remains relatively healthy, supported by improving housing availability and more measured price expectations.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
26 Oct 2026
Private Property Market Remains Resilient in 3Q2026 as Prices Rise 1.4%

Singapore's private residential market continued to demonstrate resilience in 3Q2026, with stronger price growth and relatively stable resale activity, despite a more measured pace of new home sales. The moderation in primary market transactions was largely attributable to a quieter new launch calendar rather than a fundamental weakening in underlying buyer demand.

Developers sold 1,183 new private residential units (excluding executive condominiums) in 3Q2026, compared to 2,141 units in the preceding quarter.

A total of 1,140 new private residential units were launched during the quarter, representing a 36.1% decline from 1,783 units in 2Q2026. This marked the lowest quarterly launch volume since 2Q2024. The quieter launch environment was influenced by the Hungry Ghost Festival and September school holidays, with some prospective buyers potentially deferring purchasing decisions in anticipation of upcoming developments.

Despite fewer launches, newly introduced projects continued to attract buyer interest. Lentor Gardens Residences emerged as the bestselling development with 304 transactions, followed by Dunearn House with 237 units. Together with Amberwood at Holland, these three projects accounted for approximately 47.8% of quarterly new home sales.

The private residential resale market recorded 3,801 transactions in 3Q2026, marginally below the 3,813 transactions in 2Q2026. The Outside Central Region (OCR) remained the largest contributor, accounting for approximately 52.4% of resale transactions. Both the OCR and Rest of Central Region (RCR) registered marginal increases in transaction volumes, collectively representing 82.2% of total resale activity.

This reflects continued demand for resale properties, particularly among owner occupiers, HDB upgraders and households seeking to right size their housing needs.

Private residential prices increased by 1.4% quarter on quarter in 3Q2026, compared to 0.5% in the preceding quarter, marking the strongest quarterly increase recorded so far in 2026. Cumulatively, prices increased by 2.8% over the first nine months of 2026, marginally exceeding the 2.7% growth recorded during the corresponding period in 2025.

Notably, homes priced between S$2 million and below S$5 million accounted for 68.2% of new private home transactions, compared to 49.2% in 2Q2026. This shift reflects the composition of available housing options and continued demand for properties offering desirable locations, sizes and overall value.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
16 Oct 2026
New Home Sales Rebound 93.5% in September 2026

Singapore's new private residential market recorded a recovery in September 2026, with developers selling 296 units excluding Executive Condominiums (ECs), representing a 93.5% increase from the 153 units sold in August. Sales were also 16.1% higher than the 255 units recorded in September 2025.

The improvement followed a relatively quiet August, when market activity was affected by the absence of major new launches and the Hungry Ghost Festival. Despite limited fresh project inventory in September, transactions improved across all three market segments, reflecting continued buyer interest.

The Rest of Central Region (RCR) accounted for the largest share of developer sales, with 131 units sold, representing 44.3% of the total. The Outside Central Region (OCR) followed closely with 125 units, or 42.2%, while the Core Central Region (CCR) contributed 40 units, equivalent to 13.5%.

Collectively, the RCR and OCR accounted for 86.5% of new private home sales, highlighting the continued importance of these two market segments in supporting transaction activity.

Terra Hill emerged as September's bestselling development, recording 32 transactions at a median price of $2,209 psf. This was followed by The Sen with 25 units sold at $2,386 psf.

Newly launched Amberwood at Holland recorded 24 sales at a median price of $3,021 psf, despite only a portion of its units being released during its initial launch.

Other developments, including Lentor Gardens Residences and Dunearn House, continued to register transactions following their July launches, demonstrating that buyer interest extended beyond initial launch weekends.

The anticipated improvement in fourth quarter activity should provide a more positive conclusion to the year, reinforcing the importance of project availability, location and pricing in shaping buyer demand.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Mask group
Singapore Realtors Inc

CEA License No. L3010738A

1 Kim Seng Promenade #17-10/12

Great World City, West Tower

Singapore 237994

+65 6958 5000

admin@sri.com.sg

For Home Owners

Buy
Sell
Rent
New Launch
Commission Guidelines

For Corporate

Property Management
Local Project Marketing
Capital Markets
Auction
International Project Marketing

For Agents

Why Join SRI?
Culture and Community
Technology & Tools
Mentorship
Training

Company

About
Team
Technology
Agent Reviews
Contact

© 2026 SRI Pte Ltd • Privacy Policy & Data Protection • Terms of Service

Follow us on
iconiconiconiconicon