A joint venture between Sunway MCL and CSC Land Group has emerged as the highest bidder for the River Valley Green (Parcel C) Government Land Sales (GLS) site, with a tender price of S$750.6 million or S$1,730 per square foot per plot ratio (psf ppr).
Located in the coveted River Valley precinct in District 9, the site is the last GLS residential parcel in the area. Strategically situated next to Great World MRT Station on the Thomson-East Coast Line, the site offers convenient access to Great World's retail, dining and lifestyle amenities, with Orchard Road just one MRT stop away. The 99-year leasehold development will also be within easy reach of the Central Business District, Marina Bay, Robertson Quay and Clarke Quay.
If awarded, the joint venture plans to develop a premium high-rise residential project comprising over 500 units across two 36-storey towers. The development will cater to a range of homebuyers, including young families, professionals and multi-generational households, while appealing to investors seeking a prime District 9 address. Its proximity to River Valley Primary School, Alexandra Primary School and St. Margaret's Primary School, coupled with excellent connectivity and access to established lifestyle and employment hubs, is expected to further enhance its appeal as a highly connected and family-friendly residential address.
