RIVER PLACE
UrbanLens Analysis
RIVER PLACE commands $1,803 PSF -- 18% below what District 03 typically fetches ($2,186 PSF). Fort Canning MRT is 578m away (7-min walk), functional but not a headline selling point. Against ZYON GRAND at $3,046 PSF, the 41% discount is worth examining closely.
Prices are up 12.3% over two years, reflecting genuine buyer interest without bubble-level exuberance. 40 transactions over two years gives deep liquidity and reliable pricing signals. For context, AVENUE SOUTH RESIDENCE has lost 2.8% over the same period.
Around 68 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Gross yield of 3.5% tracks the RCR average of 3.5%. At $4,824/month median rent, income is market-rate -- neither a standout nor a weakness.
The 509-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| ZYON GRAND | $3,046 | — | 0.0% |
| PENRITH | $2,793 | — | 0.0% |
| PROMENADE PEAK | $2,931 | — | 0.0% |
| STIRLING RESIDENCES | $2,359 | 3.6% | +5.5% |
| AVENUE SOUTH RESIDENCE | $2,282 | 3.4% | -2.8% |
PSF Trend
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