RiverGate scores new high of $2,798 psf

EdgeProp Singapore

January 28, 2022



SINGAPORE (EDGEPROP) - In this column, we look at condominium projects that have achieved new highs in terms of psf prices and those that have seen new lows. This is based on URA Realis data for the period of Jan 8 to 15.

Highest psf price

RiverGate hit a new psf price high of $2,798 following the sale of a 1,894 sq ft unit for $5.3 million on Jan 13. The unit sold was a four-bedder located on the 32nd floor. The owner had previously purchased the property for $2.84 million in June 2009, translating to a gain of some $2.5 million.

The development last hit a new psf price high on Sept 16 when another four-bedroom unit was sold for $5.2 million or $2,745 psf.

Located in District 9 off Robertson Quay, the freehold RiverGate was developed by CapitaLand and completed in 2009. It has a total of 545 freehold units across three 43-storey blocks. The project is a one-minute drive from Robertson Walk and a three-minute drive from Great World City. It is also an 11- minute walk to the upcoming Havelock MRT Station on the Thomson-East Coast Line.

Read more at: https://www.edgeprop.sg/property-new...-high-2798-psf