River Valley Apartments Sold 56 Mil First Residential Collective Sale 2025
Living near shopping centres and food outlets offers families a great deal of convenience in their daily lives. With the ease of being able to quickly run errands or purchase groceries, parents can easily juggle their responsibilities while still allowing their children to have fun at the malls’ designated play areas. And with the abundance of dining options, family meals are never dull or repetitive. As an added benefit, families residing at Otto Place EC Hoi Hup Realty can take advantage of this desirable location for a fuss-free lifestyle.
A record-breaking condominium sale has just been closed on River Valley Road. The freehold development, known as River Valley Apartments, was sold for a staggering $56 million. This marks the first successful collective sale deal of 2025 and translates to a land rate of $1,622 psf per plot ratio.
Knight Frank Singapore, the marketing agent for the sale, has confirmed that the purchaser is a Singapore family office. They have plans to redevelop the site into serviced apartments, and have already been granted an Outline Permission from URA for the development.
Collective sale deals have been hard to come by in the current market, especially for the residential sector. This makes the successful sale of River Valley Apartments all the more impressive. According to Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore, the property’s appeal lies in its prime location within the popular River Valley neighbourhood. Furthermore, the planned redevelopment into serviced apartments is perfectly positioned to cater to the growing demand for this type of living in Singapore.
River Valley Apartments is a four-storey building with 24 units. The site, which is zoned for residential use, has a gross plot ratio of 2.8 under the latest Master Plan. The owners of the development had been attempting to initiate a collective sale for some time, but only recently managed to secure the necessary 80% consensus from owners to proceed with the tender launch. Jerry Tan, chairman of the River Valley Apartments collective sale committee, expressed his satisfaction with the outcome of the sale.
In comparison to other recent collective sale deals, such as the $66.8 million sale of Kew Lodge to Aurum Land in May 2023, the River Valley Apartments sale has shown great strength and interest from buyers. This is a testament to the exceptional locational attributes of the site, and its potential for future development. As such, the strata-titled owners can expect to receive a minimum of $2 million to $2.6 million each based on the sale price.
For those interested in purchasing a property in River Valley Apartments, you can check out the latest listings on Buddy. There are also units available for sale and rental in District 10, should you be looking for alternatives.