THE RIVERINE BY THE PARK is a freehold development along KALLANG ROAD in District 12 (Toa Payoh / Balestier), part of the RCR segment of Singapore's private residential market. The project comprises 96 units and is TOP 2010.
This profile draws on 24 recorded transactions from URA to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
At roughly 16 years from TOP, THE RIVERINE BY THE PARK is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 12 (Toa Payoh / Balestier), the immediate context for THE RIVERINE BY THE PARK is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 24 sales and 169 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE RIVERINE BY THE PARK dashboard.
- Average sale price: $2,675,229 across 24 transactions
- Estimated gross rental yield: 2.5%
- District 12 PSF ranking: Premium tier (top 6%)
- Freehold tenure · RCR · D12 · 96 units
About THE RIVERINE BY THE PARK
THE RIVERINE BY THE PARK is a freehold condominium, located at KALLANG ROAD in District 12 (Toa Payoh, Serangoon, Balestier) (Rest of Central Region), developed by WINTREE INVESTMENT PTE LTD (WING TAI HOLDINGS), comprising 96 residential units, completed in 2010.
As a freehold property, THE RIVERINE BY THE PARK does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE RIVERINE BY THE PARK:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 18 | $1,991 psf | $2,395,861 |
| 4 BR | 5 | $1,923 psf | $3,416,000 |
| 5+ BR | 1 | $1,770 psf | $4,000,000 |
Sales Market Overview
THE RIVERINE BY THE PARK has recorded 24 sale transactions with an average transaction price of $2,675,229, ranging from $1,610,000 to $4,000,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 6 | $1,828 psf | $2,691,667 | — |
| 2022 | 7 | $1,902 psf | $2,646,500 | ↑ 4.0% |
| 2023 | 5 | $2,127 psf | $2,602,000 | ↑ 11.8% |
| 2024 | 2 | $2,062 psf | $2,685,000 | ↓ 3.1% |
| 2025 | 3 | $2,024 psf | $2,800,000 | ↓ 1.8% |
| 2026 | 1 | $2,111 psf | $2,750,000 | ↑ 4.3% |
THE RIVERINE BY THE PARK ranks in the top 6% of condos in District 12 by average PSF.
Compared to the RCR average of $2,049 psf, THE RIVERINE BY THE PARK trades 4% below the segment benchmark.
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Rental Market Overview
THE RIVERINE BY THE PARK has recorded 169 rental transactions with monthly rents averaging $5,630/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 58 | $4,160/mo | $3,200/mo | $5,200/mo |
| 3 BR | 85 | $5,865/mo | $3,000/mo | $7,500/mo |
| 4 BR | 26 | $8,140/mo | $5,700/mo | $10,300/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 32 | $4,250/mo |
| 2022 | 38 | $5,629/mo |
| 2023 | 38 | $5,803/mo |
| 2024 | 29 | $6,412/mo |
| 2025 | 27 | $6,017/mo |
| 2026 | 5 | $6,540/mo |
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Investment Analysis
Based on average rents and sale prices, THE RIVERINE BY THE PARK delivers an estimated gross rental yield of 2.5%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 12
Side-by-side comparison against the most actively traded condos in District 12 (Toa Payoh, Serangoon, Balestier):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | 52 | $2,730 psf | 740 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | 843 | $1,645 psf | 306 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | 578 | $1,838 psf | 196 |
| TREVISTA | 99 yrs lease commencing from 2008 | 590 | $1,702 psf | 147 |
| VERTICUS | Freehold | 162 | $2,122 psf | 128 |
Location Map
Map shows THE RIVERINE BY THE PARK (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE RIVERINE BY THE PARK
- Kallang MRT
- Lavender MRT
- Bendemeer MRT
- Stadium MRT
- Nicoll Highway MRT
- Hong Wen School
- St. Andrew'
- St. Andrew'
Nearby MRT Stations
THE RIVERINE BY THE PARK is 320m from Kallang MRT (East-West Line), with 7 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Kallang | EW10 | East-West Line | 320m |
| Lavender | EW11 | East-West Line | 720m |
| Bendemeer | DT23 | Downtown Line | 860m |
| Stadium | CC6 | Circle Line | 1.0 km |
| Nicoll Highway | CC5 | Circle Line | 1.3 km |
| Geylang Bahru | DT24 | Downtown Line | 1.3 km |
| Boon Keng | NE9 | North-East Line | 1.4 km |
Nearby Schools
There are 10 schools within 2 km of THE RIVERINE BY THE PARK, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Hong Wen School | Primary | 860m |
| St. Andrew's Junior School | Primary | 1.0 km |
| St. Andrew's Secondary School | Secondary | 1.0 km |
| St. Andrew's Junior College | Jc | 1.0 km |
| Bendemeer Secondary School | Secondary | 1.5 km |
| Farrer Park Primary School | Primary | 1.5 km |
| Bendemeer Primary School | Primary | 1.5 km |
| One World International School (Mountbatten) | International | 1.5 km |
| Geylang Methodist School (Primary) | Primary | 1.9 km |
| LASALLE College of the Arts | Tertiary | 1.9 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Genuine walk-to-MRT access. Kallang sits about 0.32km away — true walking distance, not the elastic 800m claim that some listings stretch. For tenants and commuter-owners, this anchors rental demand and supports a steady capital-value floor across cycles.
Boutique character. With 96 units, THE RIVERINE BY THE PARK keeps a low-density character — fewer residents per facility, quieter corridors, more curated common spaces. Suits buyers prioritising unit-interior quality and neighbour proximity over deep facilities breadth.
School-belt proximity. Hong Wen School sits about 0.86km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
District supply pipeline. Non-prime districts are more sensitive to GLS pipeline additions; check the URA Master Plan 2019 confirmed and provisional land sales schedule for the immediate 5-year window. New launches at 10-20% lower PSF can compress secondary-market resale velocity for 18-24 months around their launch dates.
Cycle-sensitivity. Like all Singapore private residential, the project's capital appreciation and rental yields move with broader macro factors — mortgage rate environment, MAS macroprudential stance (TDSR, ABSD), and the supply-pipeline tempo. Build a 5pp rate buffer into your stress test.
- ✅ Young couple, first home: Long balance lease + likely sub-CCR pricing
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ✅ CBD commuter: Walking-distance MRT supports daily commute
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ⚠️ Foreign professional (expat): MRT plus mid-size facility suite typically meets expat-tenant criteria
- ✅ Long-term hold (10+ yr): Tenure supports CPF + buyer-pool through hold
Composite assessment: THE RIVERINE BY THE PARK combines walking-distance MRT with long-tenure leasehold (or freehold) — a solid structural foundation. The district position dictates whether capital appreciation outpaces or tracks the broader market. 24 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 6-10 years to ride out one full macro cycle. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for THE RIVERINE BY THE PARK?
What is the rental yield for THE RIVERINE BY THE PARK?
Is THE RIVERINE BY THE PARK freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 24 transactions analysed
- Rental data: 169 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for THE RIVERINE BY THE PARK
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 438 condo transactions recorded in District 12 over the last 12 months, 87% resale, 13% new sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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Price Index Check
The ShiokNest Price Index for District 12 reads 136.8 as of May 2026 — down 6.2% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Upcoming Supply Pipeline
1 active Government Land Sales site in District 12 could add roughly 335 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Lorong 1 Toa Payoh | — | ~335 | Confirmed | Available |
HDB Alternatives Nearby
Weighing THE RIVERINE BY THE PARK against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (310m away), an upgrader gap of about $1,800,000
- Geylang — 4-room average $761,443 (1.1 km away), an upgrader gap of about $1,900,000
- Central Area — 4-room average $1,088,814 (1.3 km away), an upgrader gap of about $1,600,000