THE RIVERSIDE PIAZZA

KENG CHEOW STREET
RESALE CONDODistrict 01
Clarke Quay MRT · 3 min walk (266m)RCR99 yrs lease commencing from 1992
Total Units
40
2Y PSF Change
+0.0%
0 txns in 24m
Lease Remaining
65 yrs
99 yrs lease commencing from 1992
Median PSF
1,586
0.6% QoQ
Total Sales
2
since 2021-12
Price Range
$1.6M$1.6M
all-time
Unit Size
1,012 sqft
Floors 11

UrbanLens Analysis

THE RIVERSIDE PIAZZA commands $0 PSF -- NaN% below what District 01 typically fetches ($2,039 PSF). Clarke Quay MRT sits just 266m away (3-min walk), a clear connectivity win. Against UNION SQUARE RESIDENCES at $3,177 PSF, the 100% discount is worth examining closely.

The +0.0% two-year price movement is negligible -- neither bullish nor bearish. Just 0 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, MARINA BAY RESIDENCES has gained 4.6% over the same period.

Around 65 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. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.

At just 40 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
ONE MARINA GARDENS$2,9540.0%
UNION SQUARE RESIDENCES$3,1770.0%
THE SAIL @ MARINA BAY$2,0293.8%+7.2%
MARINA ONE RESIDENCES$2,0353.8%-15.2%
MARINA BAY RESIDENCES$2,2414.1%+4.6%

PSF Trend

Quarterly
1,591
2021-Q4
1,581
2022-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Jan 2022
DatePriceSizePSFFloor
Jan 2022$1,600,0001,012 sqft$1,58101-05
Dec 2021$1,610,0001,012 sqft$1,59101-05
Showing 2 of 2 transactions

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