River Valley Green (Parcel A)
AwardedResidential. URA sale site, built as River Green.
S$463,999,999
S$14,265.07 psm GFA, about S$1,325 psf ppr (derived). Awarded 27 June 2024 to Winchamp Investment Pte. Ltd., parent: Wing Tai Holdings Limited
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| River Valley Green (Parcel A) | Residential | 9,293.3 m² | 32,527 m² | Winchamp Investment Pte. Ltd., parent: Wing Tai Holdings Limited | S$463,999,999(S$14,265.07) |
As listed at the close of 19 June 2024 (ura-pr24-30), with the outcome the award of 27 June 2024 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Winchamp Investment Pte. Ltd., parent: Wing Tai Holdings Limited | S$463,999,999 | S$14,265.07 | S$1,325 | Awarded |
| 2 | Hong Realty (Private) Limited, parent: Hong Leong Investment Holdings Pte. Ltd. | S$444,888,888 | S$13,677.53 | S$1,271 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
27 June 2024
AwardedTender award for URA sale site at River Valley Green (Parcel A)
Awarded to
Winchamp Investment Pte. Ltd., parent: Wing Tai Holdings Limited, S$463,999,999 (S$14,265.07 psm GFA, about S$1,325 psf ppr).
Read the press releaseHide the press releaseura-pr24-33
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
1. The Urban Redevelopment Authority (URA) has awarded the tender for the site at River Valley Green (Parcel A) to the highest tenderer, Winchamp Investment Pte. Ltd.
2. The site at River Valley Green (Parcel A) was launched for tender on 11 March 2024. The tender for the site closed on 19 June 2024. The site was offered for sale on a 99-year lease term.
3. Details of the awarded site and the successful tenderer are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| River Valley Green (Parcel A) | Residential | 9,293.3 m² | 32,527 m² | Winchamp Investment Pte. Ltd. | $463,999,999.00 ($14,265.07) |
19 June 2024
Tender closedTender closing for URA sale sites at Upper Thomson Road (Parcel A) and River Valley Green (Parcel A)
2 bids disclosed
Highest S$463,999,999 (S$14,265.07 psm GFA) from Winchamp Investment Pte. Ltd., parent: Wing Tai Holdings Limited
Read the press releaseHide the press releaseura-pr24-30
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1. The Urban Redevelopment Authority (URA) closed the tender for the two sites at Upper Thomson Road (Parcel A) and River Valley Green (Parcel A) today.
2. The public tender for the site at Upper Thomson Road (Parcel A) was launched on 4 December 2023, while the tender for the site at River Valley Green (Parcel A) was launched on 11 March 2024.
3. There were no tender bids received for the site at Upper Thomson Road (Parcel A). The details of tender bids received for the site at River Valley Green (Parcel A) can be found in Annex A.
4. This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
11 March 2024
Launched for tender, Confirmed ListURA releases two sale sites at River Valley Green (Parcels A & B)
Read the press releaseHide the press releaseura-pr24-09
The Urban Redevelopment Authority (URA) has released two residential sites1 at River Valley Green for sale today under the first half 2024 (1H2024) Government Land Sales (GLS) Programme. The site at River Valley Green (Parcel A) is launched for sale under the Confirmed List and can potentially yield 380 residential units. The site at River Valley Green (Parcel B) is available for application under the Reserve List and can potentially yield 580 units [including long-stay Serviced Apartments (SA2)2]. Together, these two sites can potentially yield 960 residential units (including SA2 units).
These form part of the 5,450 residential units to be made available via the Confirmed List of the 1H2024 GLS programme. To cater to demand, the Government has increased the Confirmed List supply of private housing in the GLS programme to 5,450 units in 1H2024, from 4,090 units in 1H2023 and 5,160 units in 2H2023. This is the highest supply on the Confirmed List in a single GLS Programme since the 2H2013 GLS Programme.
Details on the land parcels can be found in Annex 1.
Other Details The tender for River Valley Green (Parcel A) will close at 12 noon on 19 June 2024. More information on the land parcel is available on the URA website at:
1 River Valley Green (Parcel A) is zoned Residential and River Valley Green (Parcel B) is zoned Residential with Commercial at 1st Storey (see Annex 1 ).
2 Long-stay Serviced Apartments (SA2) will be subject to a longer minimum stay duration of 3 months. More information on the planning guidelines for long-stay Serviced Apartments is available via the circular issued by URA dated 4 December 2023 – “”
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List, tender closed[ura-pr24-30/pr24-30a.pdf]
- Site area
- 9,293.3 sqm[ura-pr24-30/pr24-30a.pdf]
- Maximum GFA
- 32,527 sqm[ura-pr24-30/pr24-30a.pdf]
- Estimated housing units
- 380[ura-pr24-30/pr24-30a.pdf]
- Height control
- 164m SHD[ura-pr24-30/pr24-30a.pdf]
- Facts as stated on
- 19 June 20242 versions on record: 11 March 2024, 19 June 2024. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 19 June 2024, URA's latest quarterly figures were for 1Q2024, published 26 April 2024, 54 days earlier. The next release, 2Q2024, came on 26 July 2024. The table carries on through four releases after it.
| Private residential | 3Q2023Oct 2023 | 4Q2023Jan 2024 | On the day1Q2024Apr 2024 | 2Q2024Jul 2024 | 3Q2024Oct 2024 | 4Q2024Jan 2025 | 1Q2025Apr 2025 | Trend | Change1Q2024 to 1Q2025 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 196.0 | 201.5 | 204.3 | 206.1 | 204.7 | 209.4 | 211.1 | +3.3% | |
| Non-landed, core central region | 142.5 | 148.1 | 153.1 | 152.6 | 150.9 | 154.8 | 156.0 | +1.9% | |
| Private rental index | 164.5 | 161.0 | 157.9 | 156.6 | 157.9 | 157.9 | 158.5 | +0.4% | |
| Sales | |||||||||
| New homes sold by developers | 1,946 | 1,092 | 1,164 | 725 | 1,160 | 3,420 | 3,375 | +189.9% | |
| Resales | 2,900 | 2,831 | 2,689 | 3,802 | 3,860 | 3,702 | 3,565 | +32.6% | |
| Sub-sales | 355 | 411 | 377 | 388 | 352 | 311 | 321 | −14.9% | |
| Units launched | 2,805 | 1,060 | 1,304 | 634 | 1,284 | 3,425 | 3,139 | +140.7% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 16,747 | 16,929 | 19,936 | 19,940 | 19,405 | 18,125 | −9.1% | ||
| Pipeline with planning approval | 36,949 | 34,251 | 38,167 | 37,768 | 35,475 | 35,305 | 35,364 | −7.3% | |
| Vacancy rate | 8.4% | 8.1% | 6.8% | 6.1% | held | 6.6% | 6.5% | −0.3 pts | |
Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.
Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.
Sources
- Press releasePublished 11 March 2024
URA releases two sale sites at River Valley Green (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 2dcae4fb034c23178053f1ad86906bb7e4383db0792f33be38257a8e2ab247e5
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- Format
- text/html
- Retrieved at
- 2026-09-18 15:39:35 UTC
- Prevo reference
- ura-pr24-09
- AnnexPublished 11 March 2024
Annex 1 to URA releases two sale sites at River Valley Green (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- a2cae5bc1a8af378b17c48319a4e53b1a0bc16d67728ba2db9c0cfd05e953a4f
- Size
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- Format
- application/pdf
- Retrieved at
- 2026-09-18 15:39:35 UTC
- Prevo reference
- ura-pr24-09/pr24-09a.pdf
- Press releasePublished 19 June 2024
Tender closing for URA sale sites at Upper Thomson Road (Parcel A) and River Valley Green (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- d583e9514ad19c6f5b536176d641377c9d71ee94109805e7d11d00c5f39b24d8
- Size
- 425,467 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 15:39:37 UTC
- Prevo reference
- ura-pr24-30
- AnnexPublished 19 June 2024
Annex A to Tender closing for URA sale sites at Upper Thomson Road (Parcel A) and River Valley Green (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- acdefd32e8821bb987189349e23d3839dfdec32c4980cd44393b1f23af480beb
- Size
- 18,323 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 15:39:37 UTC
- Prevo reference
- ura-pr24-30/pr24-30a.pdf
- Press releasePublished 27 June 2024
Tender award for URA sale site at River Valley Green (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 425b335c0353aae0e2e0d1029bff2a6712a27c3570fbfd5b07b1fcd687f8c297
- Size
- 449,034 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 15:39:37 UTC
- Prevo reference
- ura-pr24-33