The URA Master Plan is committed to promoting sustainability and green living, in line with Singapore’s goal of becoming a city in harmony with nature. River Green Condo, in particular, will benefit from this focus, with an emphasis on providing access to green spaces and implementing eco-friendly initiatives. The Singapore River precinct will see improvements such as more pedestrian-friendly paths and an abundance of greenery, creating a perfect setting for walking, jogging, and cycling. Residents of River Green can enjoy the picturesque riverside trails, perfect for relaxation and outdoor activities. Furthermore, the URA’s plans include developing new parks and enhancing existing ones, such as Fort Canning Park and Pearl’s Hill City Park, offering more recreational opportunities for residents. These green areas not only contribute to a healthier and more sustainable living environment but also promote community interaction. Additionally, River Green Condo‘s location will benefit from the URA’s efforts towards eco-friendly urban planning, with the implementation of energy-efficient infrastructure, green building designs, and initiatives to reduce carbon emissions, creating a truly sustainable neighborhood.
The winning bid by Wing Tai and The Hong Kong and Shanghai Hotels was 18.2% higher than the second-highest bid of $392.3 million by MCL Land. This reflects the confidence and optimism that both developers have in the Singapore property market, despite the ongoing COVID-19 pandemic. In fact, the demand for luxury properties in Singapore has remained resilient, with several high-end projects recording strong sales in recent months. This is a testament to Singapore’s stable and robust real estate market, as well as the attractiveness of the city as a safe haven for investment.
Apart from its luxurious offerings, River Green Condo is also set to benefit from the ongoing rejuvenation of the Orchard Road area. The government has announced plans to transform Orchard Road into a vibrant lifestyle destination, with more green spaces, pedestrian walkways, and activities. The upcoming Orchard Boulevard MRT station, which is just a short walk away from River Green Condo, will also enhance the connectivity and accessibility of the area. These developments will not only enhance the value of properties in the vicinity but also provide residents of River Green Condo with a vibrant and dynamic lifestyle.
In conclusion, the securing of the prime site in River Valley by Wing Tai Holdings and The Hong Kong and Shanghai Hotels for a record-breaking bid is a clear indication of the strong confidence in the Singapore property market. With its prime location, luxurious offerings, and proximity to upcoming developments, River Green Condo is set to be an attractive investment and a coveted home for the affluent and discerning buyers.
Winchamp Investment, a subsidiary of Wing Tai Holdings, has successfully obtained the 99-year leasehold GLS site at River Valley Green (Parcel A) through its top bid of $464 million, translating to $1,325 psf per plot ratio (psf ppr). This prime plot, spanning 100,009 sq ft, presents a generous gross floor area of 350,035 sq ft and a plot ratio of 3.5. With its strategic location near Great World MRT Station and Great World City, the site boasts excellent accessibility and a host of amenities. Anticipated to be launched in the latter part of 2018, the development is set to offer 500 exclusive residential units.
The prime site, which spans over 145,117 square feet, has a maximum gross floor area of 551,245 square feet and is zoned for residential use. It is strategically located in close proximity to Orchard Road, Singapore’s premier shopping district, and the Central Business District, making it an attractive location for both investors and homebuyers. With its excellent connectivity and prime location, River Green Condo is set to be a highly sought-after development in the heart of the city.
Plus, the quaint architecture and street art in the area make for great photo opportunities. If you’re in Singapore, a visit to Tiong Bahru is a must-do for foodies and Instagram enthusiasts. Just make sure to keep your camera (and appetite) ready!
It is expected to launch in the second half of 2018, offering 500 residential units.
Wing Tai Holdings is no stranger to the luxury property market in Singapore, having developed several prestigious projects such as The Crest and Le Nouvel Ardmore. With a reputation for delivering quality and luxurious homes, Wing Tai is well-positioned to create another landmark project with River Green Condo. The Hong Kong and Shanghai Hotels, on the other hand, is making its foray into Singapore’s property market with this joint venture. The company, which owns luxury hotels such as The Peninsula Hong Kong and The Peninsula Shanghai, brings with it a wealth of experience and expertise in creating high-end and iconic developments.
River Green Condo is set to be a luxurious and exclusive development with approximately 400 units, catering to the affluent and discerning homebuyers. It will feature a mix of 1- to 4-bedroom units, as well as penthouses, with sizes ranging from 500 square feet for a 1-bedroom unit to over 3,000 square feet for a penthouse. The development will also boast a wide array of facilities, including a swimming pool, gym, and lush landscaping, providing residents with an oasis in the city. With its prime location and luxurious offerings, River Green Condo is expected to attract both local and foreign buyers looking for a prestigious and well-located home in Singapore.
River Green Condo, a joint project by Wing Tai Holdings and The Hong Kong and Shanghai Hotels Ltd, has recently secured a prime site in River Valley with a record-breaking bid of $464 million. The site, located at the junction of Leonie Hill Road and River Valley Road, was hotly contested by 10 bidders, with Wing Tai and The Hong Kong and Shanghai Hotels ultimately emerging as the top bidder. This bid marks a new record for a government land sale in the River Valley area, surpassing the previous record of $359 million set by The Trillium in 2010.
