The Riverside Piazza
Located in District 1 (Raffles Place, Marina, Cecil, People's Park), The Riverside Piazza is a 99-year leasehold condominium in the Rest of Central Region (RCR). The development was completed in 1996 and comprises 40 units, on a lease that commenced in 1992. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
THE RIVERSIDE PIAZZA
Over the 12 months to Jan 2022, The Riverside Piazza recorded 9 rental contracts at a median $4,400/mo. Source: URA caveat data, as of Jan 2022.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Jan-22 | $1,600,000 | $1,581 psf | 1,012 sqft | 01 to 05 | 3BR |
| Dec-21 | $1,610,000 | $1,591 psf | 1,012 sqft | 01 to 05 | 3BR |
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.