RIVERSIDE 48
UrbanLens Analysis
RIVERSIDE 48 commands $2,046 PSF -- 8% below what District 09 typically fetches ($2,215 PSF). Fort Canning MRT is 527m away (7-min walk), functional but not a headline selling point. Against THE ROBERTSON OPUS at $3,359 PSF, the 39% discount is worth examining closely.
The +0.0% two-year price movement is negligible -- neither bullish nor bearish. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, HILL HOUSE has gained 1.3% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 3.1% tracks the CCR average of 3.0%. At $4,393/month median rent, income is market-rate -- neither a standout nor a weakness.
At 70 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| RIVER GREEN | $3,125 | — | 0.0% |
| THE ROBERTSON OPUS | $3,359 | — | 0.0% |
| THE COLLECTIVE AT ONE SOPHIA | $2,767 | — | 0.0% |
| SOPHIA HILLS | $2,128 | 3.9% | +3.6% |
| HILL HOUSE | $3,081 | — | +1.3% |
PSF Trend
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