RIVERWALK APARTMENTS
UrbanLens Analysis
At $1,650 PSF, RIVERWALK APARTMENTS prices NaN% below the District 01 median. Being 1 minutes on foot from Fort Canning MRT (115m) adds genuine convenience and supports the pricing.
The 6.6% gain in two years signals steady demand -- solid, not speculative. With 12 deals in two years, the pricing data has reasonable statistical weight.
Around 53 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. At 3.2% gross yield versus the RCR average of 0.0%, rental returns are above-market. The $3,902/month median rent makes this genuinely compelling for income investors.
The 118-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
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