RIVIERA RESIDENCES
UrbanLens Analysis
RIVIERA RESIDENCES commands $1,907 PSF -- 29% above what District 16 typically fetches ($1,478 PSF). Bayshore MRT sits just 352m away (4-min walk), a clear connectivity win. Against BAGNALL HAUS at $2,500 PSF, the 24% discount is worth examining closely.
Prices are up 7.6% over two years, reflecting genuine buyer interest without bubble-level exuberance. 5 transactions over two years is modest; the trend is directional, not definitive. For context, URBAN VISTA has gained 3.9% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 2.6% lags the OCR segment average of 3.4%. Investors here are betting on price growth over rental returns.
At 138 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| ECO | $1,521 | 3.9% | +5.0% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
PSF Trend
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