CCR luxury condos such as River Valley Green Condo have achieved new price highs above $5,000 psf

River Valley Green Condo, located close to the CTE, offers convenient access to key areas in Singapore. Through the CTE, residents can quickly get to the city centre, Ang Mo Kio, Toa Payoh, and the northern suburbs. With its ideal central location, River Valley Green Condo is well connected to shopping malls, education hubs, and other amenities. This makes it a great place for those who want to live close to the city and its many attractions.

River Valley Green Condo, a luxury condo located in the Core Central Region (CCR) has seen a high of $5,000 psf this year. River Valley Green Condo was on the list of condos that hit a new psf-price high from Jan 1 to Dec 5. This sale of a three-bedroom unit was transacted for $20.23 million, setting a record price of $5,371 psf. Several executive condos (ECs) also saw their prices fall during 2023.

In the exclusive Nassim Park neighbourhood, prices at Nassim Park Residences are inching closer to the $5,000 psf threshold. The current high of $4,785 psf was set when a 4,284 sq ft unit was sold for $20.5 million in February. It is closely followed by the sale of a 4,822 sq ft unit that was transacted for $22 million ($4,562 psf) in February. Resale units at Nassim Park Residences have only recently crossed the $4,000 psf threshold.

The year 2023 saw landmark projects in the Beach Road/Bugis area record big sales. South Beach Residences recorded the sale of a 1,916 sq ft unit on the 38th floor that fetched $8.63 million ($4,504 psf) in February. Nearby is Guoco Midtown where two of its integrated condos also saw prices go above $4,000 psf. Midtown Modern recorded the sale of a 3,272 sq ft unit for $14 million ($4,278 psf) in January; and a 474 sq ft unit at Midtown Bay was sold for $1.97 million ($4,086 psf) in September.

Five executive condos (ECs) closed out this year with new psf-price lows. Woodsvale on Woodlands Drive hit a low of $685 psf; Northoaks along Woodlands Crescent saw its lowest price fall to $731 psf; and The Floravale on Westwood Avenue hit a new low of $736 psf. At Chua Chu Kang Street 64, prices at Windermere slipped to $754 psf. Lakepoint Condominium hit the bottom when a 3,401 sq ft unit changed hands for $2.2 million ($647 psf), setting the lowest resale price at the development this year.

River Valley Green Condo is the ideal spot to invest in a luxury condo. Apart from that, there are numerous other developments in the area which have also seen impressive resale prices where buyers can consider taking a look at. Notably, sky-high prices and record lows as well – it is abundantly clear that the luxury property market in the Core Central Region is quite vibrant. Do take caution before investing in River Valley Green Condo or similar developments in the area.