River Valley Apartments, a freehold condominium located on River Valley Road, has been sold for $56 million. This transaction marks the first successful residential collective sale deal of 2025, with the selling price equivalent to a land rate of $1,622 psf per plot ratio (psf ppr). According to Knight Frank Singapore, the marketing agent handling the sale, each strata-titled owner stands to receive a minimum of $2 million to $2.6 million based on the sale price. The purchaser, a Singapore family office, intends to redevelop the site into serviced apartments as confirmed by an Outline Permission granted by URA.
Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore, says, “This marks the first collective sale site sold in 2025, amid a challenging collective sale market, especially for the residential sector.”
This marks the first residential collective sale site sold in a prime district since May 2023, when Kew Lodge was sold for $66.8 million to Aurum Land.
The tender for River Valley Apartments received a high level of interest, according to Chia. She adds that the development’s attractiveness lies in its “excellent locational attributes” within the popular River Valley neighborhood. The site’s planned redevelopment into serviced apartments is strategically positioned to cater to the rapidly expanding living sector in Singapore.
River Valley Apartments comprises of a four-storey building with 24 units and sits on a 12,408 sq ft site. It is zoned “residential” with a gross plot ratio of 2.8 under the latest Master Plan. Owners of the development launched the collective sale on Jan 7 with a guide price of $56 million.
Jerry Tan, chairman of the River Valley Apartments collective sale committee, says, “We had attempted to initiate the collective sale exercise in the past, and this is the first time we have secured the 80% owners’ consensus to proceed with the tender launch.”
When contemplating an investment in a condominium, one must also thoroughly evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields of condos can greatly vary based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer more favorable rental yields. It is essential to conduct thorough market research and consult with real estate agents to gain valuable insights into the rental potential of a specific condo. Don’t forget to check out Singapore Projects for more options.
River Valley Apartments properties are now available for sale and rental. Interested buyers can check out the latest listings for River Valley Apartments on our online platform, Buddy. Our website provides a comprehensive list of available properties, including unprofitable transactions in the area and price trends for HDB, condo, and landed properties. You can also view past sale transactions and rental listings for condos in District 10.