river modern sells fast

Guocoland’s River Modern Achieves 90% Sell-Through at $3,266 Psf on Debut Day

River Modern hit 90% sold at $3,266 psf on day one—riverfront, MRT-linked District 9. What’s driving buyers to pay more?

GuocoLand’s River Modern, a riverfront, MRT-linked condominium development in Singapore’s prime District 9, recorded a 90% sell-through on its official launch day on 7 March 2026 at an average price of S$3,266 psf, positioning the 99-year leasehold project—comprising two 36-storey towers with 455 two- to four-bedroom apartments on a 126,325 sq ft site along the Singapore River next to Kim Seng Park—as one of the stronger CCR debut performances in the current cycle.

GuocoLand’s River Modern debuted strongly in District 9, selling 90% at launch at S$3,266 psf for its 455-unit, 99-year riverfront project.

Sales followed a preview period held from 20 February to 1 March 2026, with the scheme marketed toward owner-occupiers seeking larger, more efficient layouts.

Pricing started from S$2,877 psf, within an overall band of S$2,573 to S$3,659 psf, while entry quantum was indicated from S$1.548 million, providing a comparatively accessible starting point for a Core Central Region address.

GuocoLand’s land bid for the site was S$627.8 million, and the developer attributed the achieved average to unit mix and sizing, noting that a majority of homes are configured in three- and four-bedroom formats, which typically carry higher absolute prices due to larger floor plates. The first-storey common area includes about 4,300 sq ft of commercial shops, supplementing nearby retail supply.

The development is directly connected to Great World MRT station on the Thomson-East Coast Line and is adjacent to Great World shopping mall via an underground pedestrian network, reinforcing its transit-oriented positioning.

River Valley Primary School sits across the road, with Anglo-Chinese School (Junior), St. Margaret’s Primary, and Alexandra Primary listed within a 2km radius, while broader accessibility is supported by comparatively short connections to Orchard Road, the CBD, Singapore Botanic Gardens, Marina Bay, and East Coast Park, and future network links to Changi Airport Terminal 5 and the Johor Bahru–Singapore RTS at Woodlands North.

Product attributes emphasized view corridors and elevation, with about 70% of apartments oriented to unblocked Singapore River views, and a 186m river frontage cited. The towers are sited at an elevated position to enhance views toward Orchard Road and Marina Bay Sands, with landscaping and facilities occupying the majority of the surrounding site area.

Four-bedroom units of 1,464 sq ft and 1,830 sq ft provide private lift access and wide frontages exceeding 6m, while three-bedroom options include compact 797 sq ft and 829 sq ft configurations.

River Modern is scheduled for an estimated TOP in 2H 2030, with tenure commencing 13 May 2025, and has secured Green Mark Platinum (Super Lower Energy) certification with a Maintainability Badge. More than 80% of the site area is dedicated to landscaping and facilities.

GuocoLand, whose earlier projects include Martin Modern, Wallich Residence, and Midtown Modern, reported investment properties valued at S$7.00 billion as at 31 December 2025, with Group CEO Cheng Hsing Yao and Residential Director Dora Chng highlighting the rarity of a riverfront, MRT-linked site in this locality.

Singapore Real Estate News Team
Singapore Real Estate News Team
Articles: 478