Ravi Chandran
Frasers Property Singapore announced today that it will open Riviere condo for preview on May 25 (Saturday). Riviere condo, a luxury residential development, will feature 455 units spread across two 36-storey towers.
The 99-year leasehold property located by the Singapore River and expected to be completed by 2023, offers one to four-bedroom apartments ranging from 560 square feet to 2,002 sq ft.
Pricing for Riviere condo starts from S$2,580 per sq ft.
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The development which is to be launched in phases starting from July 2019, can easily be accessed from the future Great World MRT station that links with the Thomas East-Coast Line set to be operational by 2021. This means that future residents will enjoy easy access to the famous Orchard Road which will be just one train station away. The Orchard Train Station also allows residents to directly connect to East Coast Parkway, Marina South Station, Shenton Way Station and more.
Private vehicle owners can enjoy easy access to Marina Bay Financial District and Downtown Financial District through the major expressways linking the area. The Marina Coast Expressway, East Coast Parkway and Central Expressway connect River Valley Road to other parts of Singapore providing its resident’s easy rides. With excellent transportation, you can expect to enjoy easy access to nearby shopping centres, schools and other amenities in the precinct.
Speaking about Rivière’s location, Frasers Property Singapore chief executive officer Christopher Tang said: “Every great city has an iconic river, and so does Singapore. With Rivière, we have thoughtfully set out to create a space that would take full advantage of its rare and significant location.”
Riviere Condo Factsheet
| Condo | Riviere |
|---|---|
| Address | Jiak Kim Street, Kim Seng Road |
| Developer | Frasers Property |
| Tenure | 99 Years |
| Condo District | 9 |
| Site Area | 13,481.7 sqm |
| Gross Floor Area | 145,120 sqft |
| No of Blocks | 1 |
| No of Storeys | To be advised |
| No of Units | 525 Units |
| Unit Types | 1 to 5 br |
| Unit Sizes | To be advised |
| Architect | To be advised |
| TOP | To be advised |
| Price Guide | 2400-2800psf |
| Land Lot Number | MK25-04111N |
| Plot Ratio | 3.8 |
| Price | Bedroom Type |
|---|---|
| From $2400-2800 psf | 1 Bedroom |
| – | 2 Bedroom |
| – | 3 Bedroom |
| – | 4 Bedroom |
| – | 5 Bedroom |
With all 455 units elevated over 18 m above ground level, most residents will have unimpeded views of the Singapore River, while the Sky Deck on the 37th storey will offer impressive city views along with spas and an eatery. Riviere will be built as a residential cum commercial site with its larger development consisting of three conserved 100-year-old godowns along Jiak Kim Street, and newly built four-storey serviced apartments. The godowns will host a specialised grocery store, food and beverage outlets and more.
Riviere Condo was originally reserved by on the GLS programme with a 99-lease period. The site at Jiak Kim Street also enjoys a high unit land price on a psf basis for all the GLS sold except white and commercial sites.
According to real estate experts, Riviere might have a breakeven cost of around S$2,450 psf. So, assuming that Frasers property needs a profit margin of 5-10 per cent then the average selling price will be around S$2,700 psf. And, with the prevailing buoyant sentiment, the Riviere could enjoy up to 10% price appreciation within 1 year which would result in a price of S$2,727 psf for the site.
River Valley properties are on demand by foreigners as well as the locals for various good reasons. Being an area in district 9 of Singapore, properties in this area are sited on prime land. There are lots of benefits to enjoy living in Riviere condo and the neighbouring developments ranging from unique facilities to incredible shopping options, easy access to other parts of Singapore, proximity to plenty amenities to the prestige associated with living here.
The River Valley area is packed with various amenities, and it doesn’t fall short when it comes to educational institutions. Just a few minutes from Rivere Condo will get you to the nearby River Valley Primary School. Other schools which are easily accessible from Rivere include:
- St. Margret Primary School
- School of the Arts
- River Valley Primary School
- Moppeteers at River Valley
- Dimensions School of Higher Education
- Outram Secondary School
Besides, there are other plenty of tertiary and postgraduate educational institution a few distances away from Riviere such as Nanyang Academy of Fine Arts and the University of Chicago Booth School of Business. International schools in the vicinity include The Swedish Supplementary School and the Finish Supplementary School. There are also childcare centres and preschools to cater to the educational needs of young children.
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