Wing Tai Launches River Green 2846 Psf %E2%80%94 First New Ccr Condo River Valley 2021

BY CECILIA CHOW, EDITORon 05 Aug 2022 10:28 amREAD MORE

Wing Tai Holdings, a property developer listed on the mainboard, announced the launch of its latest residential project, River Green, on July 17. Located at River Valley Green, the development boasts 524 units and is situated next to Great World MRT Station on the Thomson-East Coast Line (TEL). The project will open for sales bookings on Aug 2.

Positioned within prime District 9 in the Core Central Region (CCR), River Green is a 99-year leasehold development comprising a 36-storey residential tower with a rooftop terrace on the 37th floor. The project was designed by P&T Consultants, with STX Landscape Architects as the landscape designer.

According to Wing Tai, River Green is the first private residential development in Singapore to receive BCA’s Green Mark Platinum Super Low Energy certification, achieving all five sustainability badges for health and wellbeing, whole life carbon, maintainability, resilience, and intelligence.

Stay updated on the latest available units and prices for River GreenAd

The developer estimates that the rooftop solar panels can generate enough electricity to cover 30% of the project’s energy needs in the common areas. The basement car park spans multiple levels and offers 265 parking spaces, including 40 electric vehicle (EV) ready lots and 20 equipped with EV charging stations.

In summary, Sembawang Road EC is not just a residential property with a desirable lifestyle, but also an ideal choice for families who place a high value on education. This exclusive EC boasts a variety of nearby preschools, primary and secondary schools, and even tertiary institutions, providing residents with unparalleled access to a well-rounded education network. This advantageous location not only supports a child’s academic growth but also improves the overall quality of life for families. The perfect blend of convenience, top-notch education, and community-focused living makes Sembawang Road EC a smart and worthwhile investment for parents looking to provide their children with a nurturing and supportive environment. Don’t miss the opportunity to be a part of this exceptional community, visit Sembawang EC today.

River Green marks Wing Tai’s first residential project in the River Valley area. The developer is known for its upmarket and ultra-luxury developments in the CCR, such as the 43-unit luxury condo Le Nouvel Ardmore at Ardmore Park, the 147-unit L’Viv and 81-unit Newton 18 on Newton Road, and the 176-unit Belle Vue Residences at Oxley Walk. “Wing Tai has a strong track record in developing projects within the CCR,” says Stacey Ow Yeong, head of marketing at Wing Tai Property Management.

The most recent project completed by Wing Tai is The M, a 522-unit development along Middle Road in the Beach Road-Bugis-Rochor area. The M was fully sold. Prior to River Green, the developer launched The LakeGarden Residences, a 306-unit, 99-year leasehold project on Yuan Ching Road in Jurong Lake District. Launched in August 2023, the project is over 75% sold to date.

Wing Tai has been actively acquiring prime residential sites under the Government Land Sales (GLS) programme. It secured the River Valley Green (Parcel A) site in March 2023, submitting the highest of two bids at $464 million, or $1,325 psf per plot ratio (ppr).Read also: Wing Tai Holdings to preview River Green at prices starting from $2,846 psfAd

“We recognised the site’s strong locational attributes and its potential to be transformed into a high-quality project that resonates with buyers, including accessibility to Great World MRT Station, proximity to the Singapore River and CBD, and nearby schools,” says Ow Yeong.

River Valley Green (Parcel B) was subsequently awarded to GuocoLand, which submitted a winning bid of $627.84 million ($1,420 psf ppr) when the tender closed in February 2025.

“Developers have reason to feel confident in the area, given the positive changes in recent years,” says Mark Yip, CEO of Huttons Asia. For instance, the Great World shopping mall underwent a major asset enhancement with a refreshed tenant mix. The opening of the Great World MRT Station on the TEL in November 2022 has also improved public transport connectivity, he adds.

River Green is the first major new launch in the River Valley area since the debut of the 540-unit Irwell Hill Residences in April 2021. Two-bedroom units make up the majority (53%) of the unit mix.Ad

In addition to River Green, July 17 also marked the preview of Promenade Peak, a 596-unit project by Allgreen Properties at Zion Promenade in District 3 of the Rest of Central Region (RCR). Despite being in different districts, the two projects are located near each other.

“In our view, River Green in the CCR and Promenade Peak in the RCR share attributes sought after by today’s homebuyers: central location, walking distance to MRT, and proximity to retail and F&B offerings,” says Christine Sun, chief researcher and strategist at Realion Group.

A launch for another project, Robertson Opus, developed by Frasers Property and Sekisui House, is scheduled for July 19. This 348-unit, 999-year leasehold project, formerly known as Fraser Place, is located in prime District 9 and adds to the growing number of new launches in the area.

River Green offers a mix of one- to four-bedroom units ranging from 420 to 980 sq ft. Units are fitted with high-quality appliances from V-Zug and Liebherr, bathroom fittings from Gessi, and sanitaryware from Villeroy & Boch. The two-bedroom units make up the majority (53%) of the development, with sizes ranging from 527 sq ft for typical layouts to 657 sq ft for two-bedroom plus study units. Three-bedroom units (20%) range from 786 to 883 sq ft, while one-bedroom and one-bedroom plus study units (20%) are 420 and 452 sq ft, respectively. Four-bedroom units (7%) are sized at 980 sq ft.

The indicative pricing for the units is as follows:• One-bedders: From $1.2 million ($2,857 psf)
• Two-bedders: From $1.5 million ($2,846 psf)• Two-bedroom premium: From $1.72 million ($2,852 psf)• Three-bedders: From $2.25 million ($2,862 psf)• Four-bedders: From $2.8 million ($2,857 psf)Larger units are priced at a premium at River Green, with a four-bedroom unit measuring 980 sq ft.Ad

“We aimed to balance spaciousness with efficiency to ensure the price points align with the budgets of local buyers,” says Ow Yeong. She notes that most young buyers in the CCR tend to have affordability ranges of $2 million to $3 million, often with parental support. ERA Singapore CEO Marcus Chu says Wing Tai’s pricing strategy will appeal to aspiring local homebuyers who typically view properties in the CCR as unattainable.

“As the price gap between the RCR and CCR has narrowed, new opportunities have arisen for Singaporeans to consider homes in the CCR,” he adds.

Yip adds that some one-bedroom units in newly launched RCR projects are priced around $1.4 million, which is higher than River Green’s starting price of $1.2 million for a unit in the CCR.

PropNex CEO Mohan Sandrasegeran says River Green’s green credentials could attract younger, eco-conscious buyers and families seeking a healthier living environment.

With its comprehensive facilities, including a 50m lap pool, gym, tennis court, function rooms, barbecue and garden pavilions, and a Sky Loft with bar facilities on the 37th floor, River Green offers an attractive living experience. The development also features a sheltered linkway that connects directly to the Great World MRT Station and the adjoining shopping mall.

“Private residential supply in River Valley has historically been limited and well-absorbed,” says Sandrasegeran. “The new launches will offer buyers more choices, while healthy competition may prompt developers to enhance value and introduce more competitive pricing or incentives.”

Christine Sun, chief researcher and strategist at Realion Group, estimates that four new launches in the River Valley area in 2H2025 will bring a total of 2,175 units to the market. These include River Green, Promenade Peak, Robertson Opus, and Zyon Grand, a 706-unit joint venture between City Developments and Mitsui Fudosan, which also includes 373 long-stay serviced apartments. GuocoLand’s upcoming 455-unit project on Parcel B and a potential 470-unit development on Parcel C (currently on the Reserve List) also contribute to the growing supply in the precinct, which could reach around 3,100 units.

PropNex CEO Mohan Sandrasegeran expects River Green to attract a similar buyer profile as Promenade Peak, with a mix of investors and homeowners, including HDB upgraders from nearby areas such as Havelock, Tiong Bahru, Redhill, Henderson, and Telok Blangah.

“There’s quite a fair bit of new supply released over a short span,” Fong acknowledges, adding that concerns of oversupply are “understandable.” However, he sees the area as appealing due to the surrounding amenities, including five primary schools within a 2km radius of River Green.

ERA’s Marcus Chu argues that successive launches do not necessarily lead to oversupply. “We’ve seen it in places like Pasir Ris Grove, Punggol and most recently Lentor Hills, take-up has remained healthy,” he says. Each project in the River Valley-Zion Road corridor can appeal to different segments based on buyer preferences, lifestyle, and budget.