Sunway MCL And CSC Land Group Emerge As Highest Bidder For River Valley Green (Parcel C) Residential Site
18 June 2026
A joint venture between Sunway MCL and CSC Land Group has emerged as the highest bidder in the Government Land Sales (GLS) tender for the residential site at River Valley Green (Parcel C), conducted by the Urban Redevelopment Authority (URA), with a tender price of S$750.6M (or S$1,730 psf ppr).
If awarded the tender, the joint venture intends to develop the site into a premium high-rise residential development comprising over 500 units across two 36-storey towers. The development is envisioned to offer thoughtfully designed homes that cater to young families, professionals, multi-generational households and investors seeking the convenience of city living within a well-established residential neighbourhood.
Location & Connectivity Highlights
As the last GLS land parcel in the coveted River Valley precinct, the site represents an opportunity to develop a new residential project in one of Singapore's most established and sought-after District 9 neighbourhoods.
Strategically located next to Great World MRT Station on the Thomson-East Coast Line, the site offers exceptional connectivity and convenience. Residents will enjoy access to the comprehensive retail, dining and lifestyle amenities at Great World, while Orchard Road is just one MRT stop away.
Central Business District and Marina Bay are also within easy reach, making the location highly attractive for both leisure and work.
Lifestyle & Educational Amenities
Residents will enjoy a vibrant urban lifestyle with an extensive range of amenities in the River Valley neighbourhood. Beyond Great World's retail and dining offerings, the development is also close to the lifestyle and entertainment destinations of Robertson Quay, Clarke Quay and Orchard Road.
Young families with school-going children will be particularly drawn to the site's strong educational catchment. River Valley Primary School is located adjacent to the site, while Alexandra Primary School and St. Margaret's Primary School are also within close proximity. The combination of reputable schools and excellent connectivity enhances the development's appeal as a family-friendly residential address.
Future Growth & Long-Term Appeal
As one of Singapore's most established residential precincts, River Valley continues to attract strong demand from homebuyers seeking the convenience of city living without compromising on lifestyle and family needs.
These attributes also enhance the development's investment appeal, as tenants are drawn to the convenience and prestige of a centrally located address, supporting strong rental demand.
Anchored by its prime District 9 address, scarcity in land supply, excellent connectivity via different transportation nodes, proximity to established lifestyle and employment hubs and close to reputable schools, the development offers compelling long-term growth potential, underpinned by resilient rental demand and prospects for capital appreciation.
Quotes
"The site presents an opportunity to introduce a new residential development in one of Singapore's most established and sought-after neighbourhoods. As the last GLS parcel in the River Valley precinct, the site combines strong locational attributes, excellent connectivity and immediate access to a comprehensive range of lifestyle amenities.
Its proximity to Great World MRT Station, Orchard Road and reputable schools, together with the maturity of the surrounding neighbourhood, provides a strong foundation for a highly desirable residential development. Together with CSC Land Group, we look forward to potentially delivering thoughtfully designed homes that enhance everyday living and contribute positively to the continued evolution of the River Valley precinct."
— Mr Lee Tong Voon, Chief Executive Officer, Sunway MCL
“We are equally excited to embark on this journey with a valued partner who shares our vision and commitment to developing high-quality homes in Singapore.
Together, we bring complementary strengths and a shared dedication to this project.
This will mark our second successful joint venture, following an earlier Residential Development - ELTA along Clementi Avenue 1, which is expected to complete in 2028.
Our collaborative partnership enables us to combine expertise, innovation, and craftsmanship to drive the development towards excellence and create dream homes.”
— Mr Qian Liang Zhong, Chairman, China Construction (South Pacific) Development Co Pte Ltd
For media queries, please contact:
Alvin Tung/ Jess Tan
Sunway MCL Limited
Email: alvintks@sunway.com.sg / jessthl@sunway.com.sg
Tel: 6279 6260