Riverfront condominium River Modern achieved a strong launch performance, selling about 90 per cent of its units over its debut weekend. Developer GuocoLand announced on Sunday (Mar 8) that 410 of the project’s 455 units were taken up at an average price of S$3,266 per square foot (psf).

Prices for the apartments ranged from about S$1.5 million for a two-bedroom unit to S$6.7 million for a four-bedroom apartment. The highest transacted price during the launch weekend reached S$3,693 psf.

The 99-year leasehold development sits in District 9 along River Valley and comprises 455 residential units spread across two 36-storey towers. The project occupies a 126,325 sq ft site and includes about 4,300 sq ft of commercial space on the ground floor.

According to GuocoLand, the project saw strong demand across all unit types, with Singaporeans and permanent residents making up nearly all buyers. Most purchasers are owner-occupiers, ranging from singles to multi-generational families.

Sales were particularly robust for the mid-sized units. Of the 175 two-bedroom apartments, 88 per cent were sold, while 95 per cent of the 210 three-bedroom units were taken up. About 80 per cent of the 70 four-bedroom apartments were also transacted during the launch weekend.

River Modern is the fourth condominium to be launched in the River Valley area in roughly six months. One of its key draws is its direct connection to Great World MRT Station on the Thomson-East Coast Line, providing residents with convenient access to the rest of the island.

Property agencies said the strong take-up rate highlights sustained demand for well-located projects within Singapore’s Core Central Region (CCR). Other recent launches in the prime district, including Skye at Holland, Zyon Grand and River Green, have also recorded solid launch weekend sales.

JT Chia, Managing Director at Propertyforsale, said River Modern’s pricing played a role in attracting buyers. Entry prices for its two- and three-bedroom units fall largely within the S$1.5 million to S$2.5 million range.

Another factor that likely boosted demand is the availability of river-facing units. A significant portion of the apartments offers views of the Singapore River, and analysts noted that new waterfront homes with unobstructed views remain relatively scarce in the city centre.

He said that Singapore’s continued appeal as a “safe haven” for investors amid ongoing geopolitical uncertainties, including tensions in the Middle East.The strong sales at River Modern underscore the resilience of Singapore’s property market, which is supported largely by local housing demand and the country’s political and financial stability.

Some market observers also noted that recent volatility in global equities may have prompted buyers to turn to property as a more stable asset class. With financial markets experiencing sharp swings, real estate — particularly in a transparent and well-regulated market like Singapore — continues to appeal to buyers seeking long-term value and stability.