River Valley Green (Parcel B)
AwardedResidential with commercial at 1st storey, including long-stay serviced apartments. URA sale site, built as River Modern.
S$627,835,896
S$15,284.74 psm GFA, about S$1,420 psf ppr (derived). Awarded 13 February 2025 to GLL B Pte. Ltd., parent: GuocoLand Limited
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| River Valley Green (Parcel B) | Residential with commercial at 1st storey, including long-stay serviced apartments | 11,736 m² | 41,076 m² | GLL B Pte. Ltd., parent: GuocoLand Limited | S$627,835,896(S$15,284.74) |
As listed at the close of 7 February 2025 (ura-pr25-06), with the outcome the award of 13 February 2025 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | GLL B Pte. Ltd., parent: GuocoLand Limited | S$627,835,896 | S$15,284.74 | S$1,420 | Awarded |
| 2 | Sing Holdings Residential Pte. Ltd. | S$576,330,000 | S$14,030.82 | S$1,304 | Unsuccessful |
| 3 | Sing-Haiyi Garnet Pte. Ltd., parent: SingHaiyi Group Ltd. | S$566,000,000 | S$13,779.34 | S$1,280 | Unsuccessful |
| 4 | Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd. | S$553,562,000 | S$13,476.53 | S$1,252 | Unsuccessful |
| 5 | Kingsford Huray Development Pte Ltd, parent: Kingsford Group | S$553,120,000 | S$13,465.77 | S$1,251 | 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.
13 February 2025
AwardedTender award for URA sale site at River Valley Green (Parcel B)
Awarded to
GLL B Pte. Ltd., parent: GuocoLand Limited, S$627,835,896 (S$15,284.74 psm GFA, about S$1,420 psf ppr).
Read the press releaseHide the press releaseura-pr25-07
1. The Urban Redevelopment Authority (URA) has awarded the tender for the site at River Valley Green (Parcel B) to the highest tenderer, GLL B Pte. Ltd.
2. The site at River Valley Green (Parcel B) was launched for tender on 17 October 2024. The tender for the site closed on 7 February 2025. The site was offered for sale on a 99-year lease term.
3. Details of the awarded site and the successful tenderer are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| River Valley Green (Parcel B) | Residential with Commercial at 1st Storey | 11,736.0 m2 | 41,076 m2 | GLL B Pte. Ltd. | $627,835,896.00 ($15,284.74) |
7 February 2025
Tender closedTender closing for URA sale site at River Valley Green (Parcel B)
5 bids disclosed
Highest S$627,835,896 (S$15,284.74 psm GFA) from GLL B Pte. Ltd., parent: GuocoLand Limited
Read the press releaseHide the press releaseura-pr25-06
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
1. The Urban Redevelopment Authority (URA) closed the tender for the site at River Valley Green (Parcel B) today.
2. The site at River Valley Green (Parcel B) was launched for public tender on 17 October 2024.
3. Please see Annex Afor details of the site and tender bids received.
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.
17 October 2024
Launched for tender, Confirmed ListURA and HDB release four sale sites at Lentor Gardens, River Valley Green (Parcel B), Marina Gardens Lane and Woodlands Drive 17
Read the press releaseHide the press releaseura-pr24-47
1. The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) have released four residential1 sites at Lentor Gardens, River Valley Green (Parcel B), Marina Gardens Lane, and Woodlands Drive 17 (Executive Condominium) for sale today under the second half 2024 (2H2024) Government Land Sales (GLS) Programme.
2. The sites at Lentor Gardens and River Valley Green (Parcel B) are launched for sale under the Confirmed List and can potentially yield 500 and 475 residential units respectively. These form part of the 5,050 residential units to be released via the Confirmed List of the 2H2024 GLS programme to cater to housing demand and maintain market stability. The sites at Marina Gardens Lane and Woodlands Drive 17 are available for application under the Reserve List and can potentially yield 390 residential units and 420 EC units respectively.
3. The Government will continue to release a steady supply of private residential units in coming GLS programmes, with supply calibrated to account for prevailing economic and property market conditions.
4. Details on the four land parcels can be found in Annex 1.
Other Details 5. The tenders for the River Valley Green (Parcel B) and Lentor Gardens sites will close at 12 noon on 7 February 2025 and 3 April 2025 respectively.
1 The site at Lentor Gardens is zoned Residential, while the sites at Marina Gardens Lane and River Valley Green (Parcel B) are zoned Residential with Commercial at 1st Storey (see Annex 1 )
11 March 2024
Released on the Reserve 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 with commercial at 1st storey, including long-stay serviced apartments
- Tenure
- 99 years
- Programme list
- Confirmed List, launched for tender[ura-pr24-47/pr24-47a.pdf]
- Site area
- 11,736 sqm[ura-pr24-47/pr24-47a.pdf]
- Maximum GFA
- 41,076 sqm[ura-pr24-47/pr24-47a.pdf]
- Estimated housing units
- 475[ura-pr24-47/pr24-47a.pdf]
- Height control
- 164m SHD; the area over the Great World MRT station entrance structure maximum 4 storeys[ura-pr24-47/pr24-47a.pdf]
- Tender conditions
- Serviced apartments and long-stay serviced apartments (SA2): Permitted only subject to the approval of the technical agencies in this tender version; the March 2024 conventional count and SA2 range are not restated
- Facts as stated on
- 17 October 20242 versions on record: 11 March 2024, 17 October 2024. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 7 February 2025, URA's latest quarterly figures were for 4Q2024, published 24 January 2025, 14 days earlier. The next release, 1Q2025, came on 25 April 2025. The table carries on through four releases after it.
| Private residential | 2Q2024Jul 2024 | 3Q2024Oct 2024 | On the day4Q2024Jan 2025 | 1Q2025Apr 2025 | 2Q2025Jul 2025 | 3Q2025Oct 2025 | 4Q2025Jan 2026 | Trend | Change4Q2024 to 4Q2025 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 206.1 | 204.7 | 209.4 | 211.1 | 213.2 | 215.1 | 216.4 | +3.3% | |
| Non-landed, core central region | 152.6 | 150.9 | 154.8 | 156.0 | 160.7 | 163.4 | 157.7 | +1.9% | |
| Private rental index | 156.6 | 157.9 | 157.9 | 158.5 | 159.8 | 161.7 | 160.9 | +1.9% | |
| Sales | |||||||||
| New homes sold by developers | 725 | 1,160 | 3,420 | 3,375 | 1,212 | 3,288 | 2,940 | −14.0% | |
| Resales | 3,802 | 3,860 | 3,702 | 3,565 | 3,647 | 3,881 | 3,529 | −4.7% | |
| Sub-sales | 388 | 352 | 311 | 321 | 269 | 235 | 230 | −26.0% | |
| Units launched | 634 | 1,284 | 3,425 | 3,139 | 1,520 | 4,191 | 2,632 | −23.2% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 19,940 | 19,405 | 18,125 | 18,498 | 17,029 | 14,859 | −23.4% | ||
| Pipeline with planning approval | 37,768 | 35,475 | 35,305 | 35,364 | 36,663 | 36,814 | 35,690 | +1.1% | |
| Vacancy rate | 6.1% | held | 6.6% | 6.5% | held | held | 6.0% | −0.6 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
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- Size
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- Format
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- 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
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- Retrieved at
- 2026-09-18 15:39:35 UTC
- Prevo reference
- ura-pr24-09/pr24-09a.pdf
- Press releasePublished 17 October 2024
URA and HDB release four sale sites at Lentor Gardens, River Valley Green (Parcel B), Marina Gardens Lane and Woodlands Drive 17
Urban Redevelopment Authority and Housing & Development Board · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- Size
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- Format
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- Retrieved at
- 2026-09-18 15:39:38 UTC
- Prevo reference
- ura-pr24-47
- AnnexPublished 17 October 2024
HDB Annex 1, site details to URA and HDB release four sale sites at Lentor Gardens, River Valley Green (Parcel B), Marina Gardens Lane and Woodlands Drive 17
Urban Redevelopment Authority and Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 3e6834f70dfcd91e6b0697d6fd0c12bbae9ea55af5c0db3bf3f221c47f1478b9
- Size
- 112,261 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 09:24:09 UTC
- Prevo reference
- ura-pr24-47/17102024-Annex-1.pdf
- AnnexPublished 17 October 2024
Annex 1 to URA and HDB release four sale sites at Lentor Gardens, River Valley Green (Parcel B), Marina Gardens Lane and Woodlands Drive 17
Urban Redevelopment Authority and Housing & Development Board · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- b94e0a0c8acc4fe46168a15b94b6d8af0af6075b96df4ab384532531748fea0b
- Size
- 71,335 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 15:39:38 UTC
- Prevo reference
- ura-pr24-47/pr24-47a.pdf
- Press releasePublished 7 February 2025
Tender closing for URA sale site at River Valley Green (Parcel B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 7086ce5a3bda861bd4e353d89ba659fb90c0078b0be3caece6d017e3dccc620a
- Size
- 426,200 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 16:56:51 UTC
- Prevo reference
- ura-pr25-06
- AnnexPublished 7 February 2025
Annex A to Tender closing for URA sale site at River Valley Green (Parcel B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- ee55cefbb2364808c5b0d3dab66385543712c3e9d28599dfdc461065c7880d08
- Size
- 6,853 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 16:56:51 UTC
- Prevo reference
- ura-pr25-06/pr25-06a.pdf
- Press releasePublished 13 February 2025
Tender award for URA sale site at River Valley Green (Parcel B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 02c8342bc0b632f0192b261824bdc8ee48d400733514e000cac28dcaa8b43c3f
- Size
- 446,904 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 16:56:51 UTC
- Prevo reference
- ura-pr25-07