River Valley Green Parcel C: Price, Site and Launch Guide
CSC Land and Sunway MCL paid $750.6 million at $1,730 psf ppr for the third River Valley Green parcel — prime District 9 land a short walk from Great World station.
Upcoming launch — estimated Q4 2027
In short: River Valley Green Parcel C is a 99-year leasehold condominium site in District 9, near Great World MRT. CSC Land Group and Sunway MCL won the 123,957 sq ft parcel for $750.6 million, or $1,730 per square foot per plot ratio, awarded 23 June 2026. Launch is expected around Q4 2027; my land-cost model points to a launch average near $3,130–$3,410 psf.
River Valley Green (Parcel C) at a glance
Sources: URA tender award (pr26-48), 23 June 2026 · PropNex local-project data, 7 Aug 2026 · Updated 23 Sep 2026
| Location | River Valley Green, District 9 — Orchard, Cairnhill, River Valley · Core Central Region |
|---|---|
| Developer | CSC Land Group and Sunway MCL |
| Tenure | 99-year leasehold |
| Site area | 123,957 sq ft |
| Gross floor area | 433,856 sq ft · plot ratio 3.5 |
| Land price | $750.6 million · $1,730 psf ppr |
| Total units | Not yet published |
| Nearest MRT | Great World (Thomson–East Coast Line (TE15)) · Havelock (Thomson–East Coast Line (TE16)) · Somerset (North–South Line (NS23)) |
| Expected launch | Estimated Q4 2027 — not confirmed by the developer |
| Est. TOP | Not yet published |
| Indicative pricing | Not released. Modelled range $3,130–$3,410 psf — see the pricing section |
Swipe to see the full table →
My take
The honest read on River Valley Green Parcel C
River Valley Green has been released in parcels, and this is Parcel C. That matters because the earlier parcels have already been sold and, in some cases, launched — which means this project arrives into a street where the price discovery has already happened. That is unusually good information for a buyer, and unusually little room for a developer.
At $1,730 psf ppr the land is the third-dearest of any site with a live launch window, behind Peck Hay Road and Bukit Timah Road. For District 9 within walking distance of a Thomson–East Coast Line station, that is a coherent number rather than a stretch.
The Great World connection is the strongest part of this address. The station sits under Great World City, which means a supermarket, a cinema, a food court and the TEL all in one covered walk. The Thomson–East Coast Line then runs to Orchard, Marina Bay, Gardens by the Bay and out along the east coast on a single seat.
CSC Land is the China State Construction group's Singapore development arm, and it has a real local record — Sceneca Residence, Twin Vew, Rezi 24. Its projects are competently built and priced to sell, which for a developer whose parent is one of the world's largest contractors is not surprising. Sunway MCL brings the Malaysian Sunway Group's development experience.
The reservation, as with every prime central site in this pipeline: you are buying into the segment that has performed worst over the last decade at a land cost near the top of the range. River Valley is a genuinely good place to live and a genuinely uncertain place to make money quickly.
This suits you if you want a central address on the Thomson–East Coast Line with a mall and a supermarket under the station, you are buying to live in it, and the River Valley character — dense, central, restaurant-heavy — is what you actually want.
Skip it if you are optimising for capital growth over a short hold. Prime central land at $1,730 psf ppr in the weakest-performing URA region is a patient buy. Skip it too if you want space per dollar; the same money goes a very long way further in the Rest of Central Region.
Pricing
River Valley Green price: the third-dearest land in the pipeline
The developer has not released prices. What follows is an estimate built from the land bid, not a price list.
CSC Land and Sunway MCL paid $750.6 million, or $1,730 psf ppr, awarded 23 June 2026 — behind only Peck Hay Road at $1,865 and Bukit Timah Road at $1,820 among sites with a live launch window.
URA's award release gives the exact figures. SMCL Haven 3 Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. tendered $750,569,199, which is $18,621.77 per m² of gross floor area. The site is 11,516 m² with a maximum GFA of 40,306 m² (about 433,900 sq ft). The tender closed on 18 June 2026 and was awarded on 23 June 2026.
The unusual advantage on this street is that earlier River Valley Green parcels have already been sold and, in some cases, launched. Whatever those projects transact at is a far more direct guide to this one's price list than any model. Ask me for those numbers rather than relying on the table below alone.
My model. Land cost is fact; every other line is a stated assumption. Nothing here is a price list.
| Line | $ psf | Where it comes from |
|---|---|---|
| Land | $1,730 | Confirmed — URA GLS tender, awarded 23 June 2026 |
| Construction | $700 | My assumption for a Core Central Region condominium in 2026 |
| Interest, marketing, fees, contingency | +15% | My assumption — finance over the build, agency, professional fees |
| Estimated breakeven | ≈ $2,795 | Land + build + soft costs |
| Developer margin | 12–22% | The normal band for a Singapore launch |
| Modelled launch average | $3,130–$3,410 | An estimate, not a price |
Swipe to see the full table →
Two things this model cannot know: the unit mix, and how hard the developer wants to clear the first weekend. A mix weighted to compact units lifts the average psf without changing the maths above; a developer under ABSD time pressure prices at the bottom of the band and moves stock. When CSC Land and Sunway MCL releases the real price list I will publish it here and leave this estimate visible next to it, right or wrong.
Estimated price by bedroom type
My estimate from the land cost above. Sizes are typical for a 2026 launch, not this project's floor plans, which have not been released.
| Unit type | Typical size | At breakeven | Est. psf | Est. price |
|---|---|---|---|---|
| 2-bedroom | 700 sq ft | $1.96m | $3,220–$3,510 | $2.25m–$2.46m |
| 3-bedroom | 1,000 sq ft | $2.80m | $3,130–$3,410 | $3.13m–$3.41m |
| 4-bedroom | 1,350 sq ft | $3.77m | $3,040–$3,310 | $4.10m–$4.47m |
| 5-bedroom | 1,650 sq ft | $4.61m | $2,970–$3,240 | $4.90m–$5.35m |
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"At breakeven" is what the unit costs the developer to deliver at ≈ $2,795 psf; the estimate adds the normal 12–22% margin. Smaller units usually sell a few percent above the project average psf and larger ones a few percent below, which is built into the psf column. When the real price list is out I will put it here, next to this estimate.
The site
The site: 123,957 sq ft at a plot ratio of 3.5
The parcel is 123,957 sq ft with an implied gross floor area of about 433,856 sq ft — a plot ratio of 3.5. The unit count has not been published.
A plot ratio of 3.5 on a central site means high-rise. Expect towers with a stacked facilities deck, and expect the upper floors facing the river and the city to carry a meaningful premium over the inward-facing stacks.
The mix has not been released. In this part of District 9 the successful formula has been a large band of one- and two-bedroom units for the rental market with a smaller core of three-bedrooms, and there is no obvious reason for this project to depart from it.
Location
Where River Valley Green Parcel C actually is
The site is on River Valley Green in District 9, in the corridor between River Valley Road and the Singapore River, close to Great World. This is dense, central, restaurant-heavy Singapore.
Great World station on the Thomson–East Coast Line sits under Great World City, which puts a supermarket, cinema, food court and the MRT in a single sheltered trip. Havelock is one stop toward Outram; Somerset and Orchard Road are north.
The Singapore River promenade and the Robertson Quay strip run along the northern edge — one of the better walking and eating corridors in the city. Green space beyond the river is limited, and Fort Canning is the nearest real park.
| Station | Line | Note |
|---|---|---|
| Great World | Thomson–East Coast Line (TE15) | Great World City is directly above it |
| Havelock | Thomson–East Coast Line (TE16) | One stop toward Outram |
| Somerset | North–South Line (NS23) | Orchard Road, a walk or a short ride north |
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Site coordinates for this parcel are 1.29400941, 103.83433562 — check the exact walk yourself before you rely on anyone's number, mine included.
River Valley Green (Parcel C) location map: MRT and schools nearby
The nearest MRT station to River Valley Green (Parcel C) is Great World MRT, about 130 m in a straight line. One MOE primary school sits within about 1 km of the site.
Nearest MRT and LRT stations
- Great World MRT130 m
- Havelock MRT620 m
- Somerset MRT870 m
- Orchard MRT1.1 km
Primary schools within about 1 km
- 1River Valley Primary School170 m
What homes near River Valley Green (Parcel C) resell for
Resale prices within 1 km
The 8 nearest completed private developments with at least 3 resale caveats in the last 12 months. Their resales had a combined median of $2,752 psf. Older and leasehold projects usually sit below a new launch, so read the tenure column alongside the psf.
| Development | Distance | Tenure | Resales | Median psf | Median price |
|---|---|---|---|---|---|
| Yong An Park | 170 m | Freehold | 3 | $2,249 | $4,800,000 |
| The Trillium | 210 m | Freehold | 6 | $2,735 | $4,850,000 |
| Mirage Tower | 220 m | Freehold | 5 | $2,409 | $2,300,000 |
| Riviere | 280 m | 99-yr from 2018 | 10 | $2,836 | $2,905,000 |
| RV Altitude | 290 m | Freehold | 3 | $2,770 | $1,625,000 |
| Luma | 310 m | Freehold | 4 | $2,178 | $1,790,000 |
| Rivergate | 320 m | Freehold | 11 | $3,087 | $4,950,000 |
| The Regalia | 320 m | Freehold | 4 | $2,392 | $2,922,500 |
Source: URA Data Service, private residential caveats lodged to Oct 2026, accessed 10 Oct 2026 (licence terms). Not every purchase is caveated, and caveats can lag the sale. Sizes are strata area, so psf includes AC ledges and voids. Distances are straight-line.
Who is building it
Who is building it: CSC Land and Sunway MCL
CSC Land Group is the Singapore development arm of China State Construction Engineering Corporation, one of the largest construction groups in the world. Its Singapore projects include Sceneca Residence at Tanah Merah, Twin Vew in West Coast and Rezi 24 in Geylang — competent, well-built, sensibly priced.
Having a global contractor as the parent has a specific advantage: construction risk and cost inflation, which is what actually derails projects, sits inside the same group. That is worth something on a $750 million site.
Sunway MCL brings the Malaysian Sunway Group's development experience and is also part of the Bayshore Drive consortium in this pipeline.
Payment
What you actually pay, and when
This is a private condominium, so there is no eligibility gate — only stamp duty and financing.
| Stage | % of price | When |
|---|---|---|
| Booking fee | 5% | Booking day, by cheque. Buys the Option to Purchase |
| On signing the S&P | 15% | Within 8 weeks of the Option date, cash or CPF, plus stamp duties |
| Foundation | 10% | First progressive draw, typically loan-funded |
| Structure, walls, roof, wiring, car park | 40% | Drawn in five stages as construction progresses |
| TOP | 25% | On Temporary Occupation Permit |
| CSC | 5% | Held until the Certificate of Statutory Completion |
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Buyer's Stamp Duty is payable by everyone. Additional Buyer's Stamp Duty depends on how many residential properties you already hold and on your residency: 20% for a citizen's second property, 30% for a third, and 60% for foreign buyers at 2026 rates. Singapore Permanent Residents pay 5% on a first property. Work out your number on the ABSD calculator before the showflat, not after.
Alternatives
River Valley Green vs the other prime pipeline sites
Three Core Central Region sites are within a short distance of each other and will price against one another whatever the marketing says.
Land prices are from public tender records. Launch timing is the developer's or the market's expectation, not a confirmed date · Updated 23 September 2026
| Project | Where | Units | Land $ psf ppr | Expected launch | The honest difference |
|---|---|---|---|---|---|
| Peck Hay Road GLS | D9 Newton · CCR | Not published | $1,865 | Est. Q4 2027 | 8% dearer land, same district, CDL and Hong Realty, launching at a similar time |
| Bukit Timah Road GLS | D11 Newton · CCR | 340 | $1,820 | Est. Q1 2027 | 5% dearer land and a developer with no completed Singapore project to inspect |
| One Leonie Residences | D9 Leonie Hill · CCR | 25 | Not published | Not yet announced | The boutique freehold alternative a short walk north, by Far East, with a 2028 TOP |
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Among the three prime leasehold sites, this is the cheapest land and the only one directly served by a station sitting under a mall. If you want central and you want convenience over prestige, that combination is the strongest argument on this page.
Timeline
When River Valley Green (Parcel C) launches, and how a launch actually works
| Milestone | Date | Status |
|---|---|---|
| Tender closed | 18 June 2026 | Confirmed |
| Land tender awarded | 23 June 2026 | Confirmed |
| Showflat preview | Estimated Q4 2027 | Expected |
| E-application window | Announced about 2 weeks before booking | Expected |
| Booking day | Typically 1–2 weeks after preview opens | Expected |
| Estimated TOP | Not yet published | Expected |
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- Preview. The showflat opens, usually for around two weeks. Walking in costs nothing, and registering for the e-application costs nothing and commits you to nothing.
- E-application and ballot. If registered buyers outnumber units, a ballot sets the order in which people pick. Ballot position is luck. Being registered in time is not.
- Booking day. Bring a cheque and an in-principle loan approval. Five percent secures the unit. Hesitation costs you your stack.
- Sale and Purchase. Within eight weeks of the Option date you sign the S&P and pay the next 15% in cash or CPF, plus stamp duties. Progressive payments follow construction from there.
There is no countdown on this page and there never will be. The only real deadline in a launch is the e-application window, and I will tell you the day it is announced.
Common questions
River Valley Green (Parcel C): questions people actually ask
No price list exists. From the confirmed $1,730 psf ppr land cost, a $700 psf Core Central Region construction assumption and 15% for soft costs, breakeven lands near $2,795 psf, pointing to a launch average of roughly $3,130–$3,410 psf. The earlier River Valley Green parcels are a better guide still — ask me what they are transacting at.
Not published. The site carries about 433,856 sq ft of gross floor area at a plot ratio of 3.5. I will publish the confirmed unit count and mix when the developer releases them.
River Valley Green was released by URA as separate Government Land Sales parcels, tendered at different times and sold to different developers. This page covers Parcel C, awarded on 23 June 2026 to CSC Land Group and Sunway MCL at $1,730 psf ppr. Earlier parcels have already been sold and in some cases launched, which gives unusually direct pricing evidence.
Great World on the Thomson–East Coast Line (TE15), which sits under Great World City, with Havelock (TE16) one stop away and Somerset (NS23) to the north.
CSC Land Group, the Singapore arm of China State Construction, together with Sunway MCL. CSC Land's Singapore projects include Sceneca Residence, Twin Vew and Rezi 24.
For living, it is one of the strongest central addresses in Singapore — the Thomson–East Coast Line, a mall under the station, the river promenade and the Robertson Quay strip. For investing, the Core Central Region has been the weakest-performing URA region for most of the last decade, and this is near the top of the pipeline's land costs. Buy it to live in.
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Showflat slots go by appointment once the preview opens. Tell me your preferred day and I will confirm a slot. If you would rather just ask a question first, that is fine too — most people do.
Keep reading
- The full 2026–2027 launch pipeline — every confirmed site, with land bids
- All project pages on this site
- How developers actually price a launch — the maths behind the psf
- New launch vs resale — which one wins on your numbers
- Buying a resale condo — the alternative worth pricing against
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