The Avenir vs the Iveria vs Riviere: Which Condo Should You Buy?

The Avenir Iveria Riviere condo new launch River Valley

Over the past year, the upscale River Valley neighbourhood (encompassing both District 3 and 9) has become a hotspot for new condominium launches—a by-product of the 2017 and 2018 en bloc fever. The Avenir, The Iveria and Riviere are the three projects that have recently launched in this attractive residential precinct. Today, we'll take a look at those three projects and compared them side-by-side.

Why is River Valley a hotspot for new launch condos in 2020?

Of all prime district neighbourhoods in Singapore, River Valley stood out to developers sniffing out en bloc and Government Land Sales (GLS) opportunities prior to the July 2018 cooling measures.

The main reason is because the developers recognise that the upcoming Great World MRT station on the Thomson-East Coast Line (TEL) will drastically boost the neighbourhoods’ appeal among both owner-occupant buyers and investors. Buyers and existing owners can expect reasonable property value lift as well.

In terms of amenities, the new MRT station will be the final piece of the jigsaw for the River Valley neighbourhood, which already has a comprehensive shopping mall (Great World City), a primary school, and a number of international schools in the area.

Add to that the walking distance to Orchard Road and leisure precincts of Robertson Quay and Clarke Quay along the Singapore River and we have a neighbourhood that appeals to people from multiple walks of life, including both locals and foreigners.

READ: This New D9 Luxury Condo Has Only ONE Unit Type

Comparing The Avenir, The Iveria and Riviere condos

When comparing the three newly launched condos in the River Valley area, it’s important to note the similarities and differences. The Avenir (former Pacific Mansion) and The Iveria (former Riviera Point) are en bloc sites, whereas Riviere is a GLS site that includes the conserved buildings that once housed popular nightspot Zouk.

Riviere is also within walking distance to Havelock MRT on the TEL.

Here’s the rundown for The Avenir, The Iveria and Riviere:

District

9

9

3

Tenure

Freehold

Freehold

99-years leasehold

Developer

GuocoLand and Hong Leong Investments

Macly Group

Frasers Property

Architect

ADDP Architects

JGP Architects

SCDA Architects

Number of Units

376

51

455

 

(excluding 80 serviced apartment units)

Number of Carpark Lots

376 resident carpark lots + 4 handicap lots

48 basement lots + 20 surface lots + 2 handicap lots

 

364 resident carpark lots + 4 handicap lots

Site Area

128,532 sq ft (11,941 sq m)

14,579 sq ft (1,354 sq m)

145,055 sq ft (13,476 sq m)

Plot Ratio

2.8

2.8

3.8

No. of Blocks

2

1

2

No. of Storeys

36

18

36

Average psf price

From $2,930 (Early bird)

From $2,600

From $2,540

Unit types (No. of Units for each type)

1-bedroom (69)
2-bedroom (69)
3-bedroom (69)
3-bedroom with private lift (68)
4-bedroom with private lift (67)
4-bedroom with family room and private lift (34)

 

3-bedroom (51)

1-bedroom (70)
2-bedroom (140)
3-bedroom (120)
3-bedroom premium and deluxe (90)
4-bedroom deluxe (35)

Key facilities

50-metre lap pool

Hydrotherapy pool
Roof garden

Gym
Tennis court (1 x hard court)

Private dining room with kitchen

Rooftop infinity pool
Gourmet dining

50-metre lap pool
Gym
Roof spa
Conserved warehouses with 16,146 sq ft of F&B and lifestyle amenities

Launched

Q1 2020

Q4 2019

Q2 2019

Target Move-in Date

Aug 2023

Dec 2022

Mar 2023

Listings for Sale

Location Map of The Avenir, The Iveria and Riviere condos

Recently completed condos in District 9

If you don’t want to wait until the end of 2022 to live or invest in a River Valley property, and you’re looking for a new development, you can check out these condos below:

Alternatively, view all condos for sale in District 9!

 

Looking for Iveria condo, The Avenir or Riviere condo units?

Whether you're looking for new project launches in District 9, or want to buy Iveria, The Avenir and Riviere condo units, find it here on PropertyGuru. 

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