THE RIVERSIDE PIAZZA is a 65-year balance leasehold development along KENG CHEOW STREET in District 1 (CBD (Raffles Place, Marina, Cecil)), part of the RCR segment of Singapore's private residential market. The project comprises 40 units and is TOP 1996.
This profile draws on 2 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.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 1 (CBD (Raffles Place, Marina, Cecil)), the immediate context for THE RIVERSIDE PIAZZA 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 2 sales and 65 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE RIVERSIDE PIAZZA dashboard.
- Average sale price: $1,605,000 across 2 transactions
- Estimated gross rental yield: 3.1%
- District 1 PSF ranking: Value tier (top 84%)
- 99 yrs lease commencing from 1992 · RCR · D1 · 40 units
About THE RIVERSIDE PIAZZA
THE RIVERSIDE PIAZZA is a 99 yrs lease commencing from 1992 condominium, located at KENG CHEOW STREET in District 1 (Raffles Place, Marina, Cecil, People's Park) (Rest of Central Region), comprising 40 residential units, completed in 1996.
With approximately 65 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Sales Market Overview
THE RIVERSIDE PIAZZA has recorded 2 sale transactions with an average transaction price of $1,605,000, ranging from $1,600,000 to $1,610,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,591 psf | $1,610,000 | — |
| 2022 | 1 | $1,581 psf | $1,600,000 | ↓ 0.6% |
THE RIVERSIDE PIAZZA ranks in the top 84% of condos in District 1 by average PSF.
Compared to the RCR average of $2,049 psf, THE RIVERSIDE PIAZZA trades 22.6% below the segment benchmark.
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Rental Market Overview
THE RIVERSIDE PIAZZA has recorded 65 rental transactions with monthly rents averaging $4,110/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 34 | $3,759/mo | $2,700/mo | $4,600/mo |
| 3 BR | 31 | $4,496/mo | $1,525/mo | $6,100/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 16 | $3,391/mo |
| 2022 | 11 | $3,722/mo |
| 2023 | 14 | $4,400/mo |
| 2024 | 10 | $5,050/mo |
| 2025 | 12 | $4,231/mo |
| 2026 | 2 | $4,550/mo |
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Investment Analysis
Based on average rents and sale prices, THE RIVERSIDE PIAZZA delivers an estimated gross rental yield of 3.1%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 1
Side-by-side comparison against the most actively traded condos in District 1 (Raffles Place, Marina, Cecil, People's Park):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| ONE MARINA GARDENS | 99 yrs lease commencing from 2023 | 937 | $2,957 psf | 633 |
| THE SAIL @ MARINA BAY | 99-year leasehold | 1111 | $2,011 psf | 268 |
| MARINA ONE RESIDENCES | 99 yrs lease commencing from 2011 | 1042 | $2,320 psf | 209 |
| UNION SQUARE RESIDENCES | 99 yrs lease commencing from 2024 | 366 | $3,149 psf | 155 |
| ONE SHENTON | 99 yrs lease commencing from 2005 | 341 | $1,774 psf | 104 |
Location Map
Map shows THE RIVERSIDE PIAZZA (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE RIVERSIDE PIAZZA
- Clarke Quay MRT
- Chinatown MRT
- Chinatown MRT
- Fort Canning MRT
- Telok Ayer MRT
- Fairfield Methodist School (Primary)
- Outram Secondary School
- Singapore Management University
Nearby MRT Stations
THE RIVERSIDE PIAZZA is 290m from Clarke Quay MRT (North-East Line), with 25 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Clarke Quay | NE5 | North-East Line | 290m |
| Chinatown | NE4 | North-East Line | 430m |
| Chinatown | DT19 | Downtown Line | 430m |
| Fort Canning | DT20 | Downtown Line | 430m |
| Telok Ayer | DT18 | Downtown Line | 870m |
| Maxwell | TE18 | Thomson-East Coast Line | 970m |
| Raffles Place | NS26 | North-South Line | 990m |
| Raffles Place | EW14 | East-West Line | 990m |
Nearby Schools
There are 9 schools within 2 km of THE RIVERSIDE PIAZZA, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Fairfield Methodist School (Primary) | Primary | 770m |
| Outram Secondary School | Secondary | 1.1 km |
| Singapore Management University | Tertiary | 1.1 km |
| Kheng Cheng School | Primary | 1.3 km |
| School of the Arts | Jc | 1.3 km |
| Nanyang Academy of Fine Arts | Tertiary | 1.4 km |
| Cantonment Primary School | Primary | 1.6 km |
| ACS (Junior) | Primary | 1.8 km |
| Gan Eng Seng School | Secondary | 2.0 km |
Genuine walk-to-MRT access. Clarke Quay sits about 0.29km 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 40 units, THE RIVERSIDE PIAZZA 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. Fairfield Methodist School (Primary) sits about 0.77km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Lease tenor below 75 years. With roughly 65 years remaining, CPF usage starts to be capped (the 95-year rule reduces utilisation as lease decays), and bank loan tenor compresses correspondingly. The resale buyer pool narrows toward older buyers with shorter horizons.
Thin transaction history. With only 2 recorded sales, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
- ⚠️ Young couple, first home: Lease horizon constrains long-hold optionality
- ✅ 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): Plan exit timing around lease-decay thresholds
Composite assessment: THE RIVERSIDE PIAZZA benefits from MRT proximity but the lease horizon or district position requires careful exit-timing planning. Active management of the hold matters more than passive accumulation. 2 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 5-8 years with monitored exit windows. 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 RIVERSIDE PIAZZA?
What is the rental yield for THE RIVERSIDE PIAZZA?
Is THE RIVERSIDE PIAZZA 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: 2 transactions analysed
- Rental data: 65 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 RIVERSIDE PIAZZA
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 420 condo transactions recorded in District 1 over the last 12 months, 59% new sale, 41% resale. 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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HDB Alternatives Nearby
Weighing THE RIVERSIDE PIAZZA against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (250m away), an upgrader gap of about $500,000
- Bukit Merah — 4-room average $894,787 (1.2 km away), an upgrader gap of about $700,000
- Kallang/whampoa — 4-room average $882,887 (1.5 km away), an upgrader gap of about $700,000