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.
This New D9 Luxury Condo Has Only ONE Unit Type
Read more here.
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)
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)
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
Roof garden
Gym
Tennis court (1 x hard court)
Tennis court (1 x hard court)
Private dining room with kitchen
Rooftop infinity pool
Gourmet dining
Gourmet dining
50-metre lap pool
Gym
Roof spa
Conserved warehouses with 16,146 sq ft of F&B and lifestyle amenities
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
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:
- 8 Saint Thomas (Completed: 2018)
- Martin Modern (Expected move-in: Dec 2021)
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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