Sunway MCL and CSC Land Group have emerged as the highest bidders for the River Valley Green (Parcel C) residential site in Singapore. The joint venture secured the Government Land Sales (GLS) tender with a bid of S$750.6m, equivalent to S$1,730 per square foot per plot ratio. If awarded, the site will be transformed into a premium high-rise development featuring over 500 units across two 36-storey towers.
The site, strategically located next to Great World MRT Station on the Thomson-East Coast Line, offers exceptional connectivity. Residents will have easy access to retail, dining, and lifestyle amenities at Great World, with Orchard Road just one MRT stop away. The Central Business District and Marina Bay are also within close proximity, enhancing the site’s appeal for both leisure and work.
The development aims to cater to young families, professionals, and investors seeking the convenience of city living. It is situated in a strong educational catchment area, with River Valley Primary School adjacent to the site and other reputable schools nearby. This combination of factors makes the location highly attractive for families.
Lee Tong Voon, CEO of Sunway MCL, stated, “The site presents an opportunity to introduce a new residential development in one of Singapore’s most established and sought-after neighbourhoods.” Qian Liang Zhong, Chairman of China Construction (South Pacific) Development Co Pte Ltd, added, “Together, we bring complementary strengths and a shared dedication to this project.”
The development promises long-term growth potential, supported by resilient rental demand and prospects for capital appreciation, making it a compelling investment opportunity.
