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SG Riverside condo launching soon

Property Here - Monday, April 15, 2013

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By Shabnam Muzammil:

Green Bay, a subsidiary of Allgreen Properties is set to launch RiverBay (pictured), a new 999-year leasehold development at 23 Mar Thoma Road in District 12. 

“In addition to commanding a central location and the excellent connectivity that has sprouted up in this mature estate, RiverBay is also set to benefit from a slew of catalytic projects which will enhance liveability and the value of real estate in the district,” said Yong Voon Chen, Director of Sales and Marketing at Allgreen.

“Considering the potential and outstanding characteristics of its locale, we envisage RiverBay to be a good investment choice which will enjoy healthy rental demand and steady capital appreciation over the long term.”

Meanwhile, Margaret Thean, Executive Director of Residential at marketing agent DTZ, noted that the development's proximity to nearby town centres as well as commercial and educational amenities will “add value greatly to its residents”. 

Sited on a 3,837 sq m land parcel along Kallang River, the 26-storey development will comprise one- to two-bedroom units and penthouses with private balconies, a 25m lap pool, Jacuzzi and barbecue pavilions. 

Preview sales begin this Thursday and the developer is offering a 15 percent discount, with early bird pricing for three-bedroom units ranging between S$1,200 to S$1,300 psf.

 

Shabnam Muzammil, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email shabnam@allproperty.com.sg