The revamped freehold Roselane Court in Tanjong Katong, which includes the newly added River Valley Green Residences, is being relaunched for sale by public tender at $23 million
To ensure a quality living experience, River Valley Green Condo implements stringent measures to conserve and preserve the surrounding environment. This includes air and sound insulation measures, such as facade designs and acoustic-rated windows, which ensure ambient and healthy living spaces. With a rooftop garden, residents can also enjoy a relaxing atmosphere with breathtaking views of the Singapore River and the city skyline. The development also focuses on community wellness and safety by creating an active lifestyle with outdoor recreational facilities including a 50-metre lap pool and a lush communal courtyard. River Valley Green Residences stands out as an eco-friendly haven with its green spaces and sustainable living initiatives, making it one of the most sought-after properties in Singapore.
River Valley Green Residences, a freehold residential development located along Rose Lane off Tanjong Katong Road in District 15, has been relaunched for sale by public tender. The exclusive marketing agent for this property is Knight Frank Singapore and the guide price for the property is $23 million – translating to a land rate of approximately S$1,320 psf per plot ratio. This price takes into consideration the adjoining private remnant land of 545 sq ft, a land betterment charge and 7% bonus gross floor area allowance for balconies.
Roselane Court was completed in 2002 and houses seven units. Sitting on a land area of 12,054 sq ft, the property is zoned for residential use with a gross plot ratio of 1.4 under URA’s Master Plan 2019. According to Knight Frank Singapore, if approved by the relevant authorities, an estimated 18 new residential units with an average size of 915 sq ft could be developed on the site. Furthermore, the adjoining private remnant land lot of 545 sq ft may be amalgamated with the plot, subject to the authorities’ approval.
River Valley Green Residences is situated in a prime area with a rich cultural heritage. It is estimated to be within walking distance to Dakota and Paya Lebar MRT Stations, as well as nearby amenities and retail options such as the Paya Lebar Quarter Mall, Paya Lebar Square, Singapore Post Centre, Kinex, Kong Hwa School, Tanjong Katong Primary School and Haig Girls’ School.
Chia Mein Mein, the head of capital markets (land and collective sale) at Knight Frank Singapore said of the development: “It presents a rare opportunity for developers to acquire a prime site for redevelopment into boutique residential apartments that cater to home buyers who value the convenience that comes with a city-fringe location together with the serene environment that the property has to offer.”
The tender for River Valley Green Residences will close on Jan 12 at 3pm.
Situated in a prime location and with potential benefits from the numerous surrounding amenities, River Valley Green Residences is an attractive and rare opportunity for developers to acquire a prime site for a desirable redevelopment project. A land betterment charge and 7% bonus gross floor area allowance for balconies is included in the guide price of $23 million, which translates to a land rate of approximately S$1,320 psf per plot ratio – so don’t miss out!
The exclusive marketing agent for the freehold residential development River Valley Green Residences, Knight Frank Singapore, has relaunched the property for sale by public tender. It is estimated that 18 new residential units with an average size of 915 sq ft can be developed on the site, subject to approval from the relevant authorities.
In addition, the adjoining private remnant land lot with a land area of 545 sq ft may also potentially be amalgamated with the plot, subject to the authorities’ approval. The tender for the property will close on Jan 12 at 3pm.
The freehold residential property River Valley Green Residences is situated in Tanjong Katong and within walking distance to Dakota and Paya Lebar MRT Stations. Nearby amenities and retail options such as the Paya Lebar Quarter Mall, Paya Lebar Square, Singapore Post Centre and Kinex as well as Kong Hwa School, Tanjong Katong Primary School and Haig Girls’ School are all located within a 1km radius of the property.
The potential for redevelopment of River Valley Green Residences offers an exciting opportunity. With its city-fringe location, convenient amenities and a serene environment, it is a valuable acquisition opportunity for developers.