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.
Overview & Key Facts
THE RIVERSIDE PIAZZA is a 99 yrs lease commencing from 1992 condominium at KENG CHEOW STREET in District 1 (RCR), developed by , comprising 40 units, completed in 1996.
Location & Connectivity
THE RIVERSIDE PIAZZA is approximately 290m from Clarke Quay MRT station, with 25 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Clarke Quay | North-East Line | 290m |
| Chinatown | North-East Line | 430m |
| Chinatown | Downtown Line | 430m |
| Fort Canning | Downtown Line | 430m |
| Telok Ayer | Downtown Line | 870m |
| Maxwell | Thomson-East Coast Line | 970m |
Schools & Education
9 schools within 2 km (1 within 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 |
Market Position
THE RIVERSIDE PIAZZA has recorded 2 sales at an average price of $1,605,000.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 1 | $1,591 psf | — |
| 2022 | 1 | $1,581 psf | ↓ 0.6% |
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| ONE MARINA GARDENS | 99 yrs lease commencing from 2023 | $2,959 psf | 649 |
| THE SAIL @ MARINA BAY | 99-year leasehold | $2,009 psf | 272 |
| MARINA ONE RESIDENCES | 99 yrs lease commencing from 2011 | $2,293 psf | 222 |
| UNION SQUARE RESIDENCES | 99 yrs lease commencing from 2024 | $3,071 psf | 199 |
| ONE SHENTON | 99 yrs lease commencing from 2005 | $1,775 psf | 106 |
Lease Analysis
With 65 years remaining on its 99-year lease, THE RIVERSIDE PIAZZA still qualifies for full bank financing and CPF usage.
What Could Work Against You
- About 65 years remain on the lease. Decay is not yet a financing problem, but buyers holding beyond 10-15 years should model the value drag as the 60-year threshold approaches.
- Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 40 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
The profile fits mrt-walkable commuters, cbd walking distance, en-bloc speculators and cpf-only buyers best. Located ~289m from Clarke Quay MRT, this property is a comfortable daily walk for transit commuters.
For yield-focused investors, it can work — but weigh the trade-offs before committing.
families with young children, long-term hold (10+ yr) and first-time hdb upgraders should probably look elsewhere. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
Verdict
THE RIVERSIDE PIAZZA is a 99 yrs lease commencing from 1992 development in District 1 (RCR), with 40 units, offering a gross yield of 3.1%.
Explore the full THE RIVERSIDE PIAZZA dashboard for interactive analytics.
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
FAQ
What is the average PSF for THE RIVERSIDE PIAZZA?
Is THE RIVERSIDE PIAZZA freehold?
What is the rental yield for THE RIVERSIDE PIAZZA?
Which MRT is nearest to THE RIVERSIDE PIAZZA?
Sources & Next Steps
- THE RIVERSIDE PIAZZA Dashboard — Live charts and analytics
- URA — Official transaction data
- District 1 (Raffles Place, Marina, Cecil, People's Park) — District 1 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 2 transactions
- Rental data: 67 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jan 2022 · 2 records analysed · Source: URA private-sale caveats