A Singapore Condo is a wise investment choice that comes with a myriad of benefits. One of the advantages is the ability to leverage the property’s value for future endeavors. Numerous investors have utilized their condo’s worth as collateral to secure funding for new projects, effectively expanding their real estate portfolio. While this strategy can yield high returns, it also carries inherent risks. As such, it is crucial to have a well-crafted financial plan and carefully consider the potential impact of fluctuating market conditions. With a strategic approach to investing in a Singapore Condo, investors can diversify their real estate assets and potentially achieve even greater success.
River Valley Apartments, a freehold condominium located on River Valley Road, has just been sold for a whopping $56 million. This successful residential collective sale deal is the first of its kind to close in 2025, and has a land rate of $1,622 per square foot per plot ratio (psf ppr).The lucky strata-titled owners will each receive a minimum of $2 to $2.6 million, based on the sale price. According to the press release issued by Knight Frank Singapore, the marketing agent for the sale, the purchaser is a prominent Singapore family office. They plan to reinvigorate the site by turning it into a serviced apartment complex. The Urban Redevelopment Authority (URA) has already granted an Outline Permission for the development of such apartments at the location. This is a highly sought-after area of Singapore, and the deal has attracted a lot of media attention.Read also:Is it a Good Deal?: $2.65 million for a two-bedroom freehold unit in D9AdvertisementAdvertisement“This is a groundbreaking sale, given the current collective sale market conditions, especially in the residential sector,” says Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore. She is excited about the successful closure of the River Valley Apartments deal, which is the first residential collective sale site to be sold in a prime district since 2023. In May of that year, Aurum Land purchased the Kew Lodge condominium for $66.8 million.“The tender for River Valley Apartments received a lot of positive interest,” says Chia. According to her, the appeal of this site lies in its excellent location within the popular and bustling River Valley neighborhood. Moreover, its redevelopment into a serviced apartment project is sure to fit perfectly with Singapore’s rapidly growing living sector.River Valley Apartments is a four-story building with a total of 24 units. The site covers an area of 12,408 square feet and is zoned for residential use, with a gross plot ratio of 2.8 under the latest Master Plan. The collective sale of the development was launched on January 7th, at a guide price of $56 million.“We have attempted to initiate a collective sale of this development in the past, but this is the first time we have managed to secure an 80% consensus from the owners to proceed with the sale,” says Jerry Tan, chairman of the River Valley Apartments collective sale committee. You can find the latest listings for River Valley Apartments properties on BuddyListings, and join the other buyers in the hunt for a good deal! Ask BuddyListings for sale for River Valley ApartmentsAre there unprofitable transactions in River Valley Apartments?Compare price trend of HDB vs Condo vs LandedView sale transactions for River Valley ApartmentsAny condo rental listings in District 10?Listings for sale for River Valley ApartmentsAre there unprofitable transactions in River Valley Apartments?Compare price trend of HDB vs Condo vs LandedView sale transactions for River Valley ApartmentsAny condo rental listings in District 10?