River Modern
, River Valley, Central · 99-year leasehold · Launched
River Modern is a 455-unit, 99-year leasehold development of two 36-storey towers on a site along the Singapore River next to Kim Seng Park. It is connected to Great World MRT station on the Thomson-East Coast Line.
- From
- S$1.55M
- Lowest
- S$2,877calculated
Exterior: River Modern towers by the Singapore River, artist's impression. River Modern official website (developer disclosure) 
Exterior: Aerial view along the Singapore River, artist's impression. River Modern official website (developer disclosure) 
Interior: Living and dining area, artist's impression. River Modern official website (developer disclosure) 
Facilities: 50 m infinity pool, artist's impression. River Modern official website (developer disclosure) 
Site plan: Site plan. River Modern official website (developer disclosure)
Images from the developer, usually artist's impressions. The finished project may differ.
Want to see how this project fits you? Rank the launches by your budget, size, area and MRT distance, then open it from the list.
- Ready ()
- 2030
- Nearest MRT or LRT
- 100 m · ~2 min walkcalculated
- so far
- 431 of 455 (94.7%)
- Recent sales, median
- S$3,232 psfcalculated
- , median
- S$2,341 psfcalculated
- 99-year leasehold
- Developer
- River Modern Pte. Ltd.
- Launched
- 7 Mar 2026
Nearest station in service: Great World MRT Station. Distances are straight-line; walking routes are longer.
Is it worth buying?
PropGPT financial score
47out of 100
Fair case on the numbers
Confidence: high, most figures known (100% of the weight known)
Adds up the measurable lines below: price against comparable homes, rental yield, the lease, how nearby prices moved, MRT distance and competing supply. 65 or more is a strong case on the numbers, 45 to 64 fair, under 45 weak. It leaves out what only you can judge (layout, school, the view) and is not a valuation or advice.
What makes up the scoreHide what makes up the score
| Part | Mark | Why |
|---|---|---|
| Price vs similar homes nearby19% of the scoreCosts 18% more than similar older homes nearby; usually 17% more. | 49 | Costs 18% more than similar older homes nearby; usually 17% more. |
| Rental yield vs typical14% of the scoreRent of about 2.3% of the price a year; typical is 2.4%. | 43 | Rent of about 2.3% of the price a year; typical is 2.4%. |
| Price vs other new launches nearby10% of the scoreCosts 3% less than other new launches nearby. | 67 | Costs 3% less than other new launches nearby. |
| Price vs launches in the region10% of the score13% above the typical price of launches in the region. | 5 | 13% above the typical price of launches in the region. |
| Price vs the developer's likely breakeven10% of the scorePriced at 1.63 times the developer's likely cost. | 0 | Priced at 1.63 times the developer's likely cost. |
| Value lost to the lease in the next 10 years10% of the scoreAbout 98 years left: the lease takes about 2.0% off its value in the next 10 years. | 80 | About 98 years left: the lease takes about 2.0% off its value in the next 10 years. |
| Nearby homes that beat the market10% of the score1 of 39 nearby projects beat the market. | 0 | 1 of 39 nearby projects beat the market. |
| Distance to the MRT10% of the score100 m to the nearest station. | 100 | 100 m to the nearest station. |
| Competing homes finishing nearby5% of the scoreNo competing homes finishing nearby around the same time. | 100 | No competing homes finishing nearby around the same time. |
| Developer's track record5% of the scoreNo problems reported, but few completed projects. | 50 | No problems reported, but few completed projects. |
What a property agent would weigh up, from public data. Each line gives a plain answer and what it means for you. Open “Show the calculation” on any line for the exact figures.
PropGPT compares private condos and apartments only (ECs with ECs). HDB flats and landed homes are never in these comparisons, and every price is a real sale recorded by URA, not an asking price.
In your favour 2Neutral 5Watch out 3Not known yet 0
Am I paying a fair price?
Price vs similar resale homes nearby · Neutral
Costs about 18% more than similar older homes nearby
New launches usually cost about 17% more than the older homes around them (the middle figure of the 64 launches selling now). This one is close to usual.
- This launch
- S$3,232 psf
- Usual for a launch here
- S$3,225 psf
- Similar homes nearby
- S$2,746 psf
Based on 582 resales, Nov 2025 to Nov 2026 · a rough guide only
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What it compares
This project's median price per sq ft (its own new sales in the last 12 months) against resale condos and apartments within 1.5 km, sold Nov 2025 to Nov 2026, 430–2,196 sq ft (this project's sizes, widened 20% each way). Each resale price is scaled to this project's lease, and to its building age (a new building, expected TOP 2030) where the resale's completion year is known. Not included: HDB flats, landed homes, homes resold before completion (sub-sales), and this project itself.The figures
- This project: S$3,232 psf, the median of its own new sales in the last 12 months.
- Nearby resale: S$2,746 psf, the median of 582 sales after the lease adjustment.
- Lease adjustment, for example: a freehold resale at S$2,000 psf counts as about S$1,920 against a new 99-year lease (96% of freehold); a 99-year resale with 70 years left at S$1,500 psf counts as about S$1,646.
- Age adjustment: 563 of 582 nearby sales are also scaled to this project's age (a new building, expected TOP 2030), about 0.9% per year of difference. For example, a resale in a building 10 years older at S$1,500 psf counts as about S$1,648. The other 19 have no known completion year and are not age-adjusted.
- Gap: S$3,232 psf ÷ S$2,746 psf − 1 = +18%. Usual gap (the middle of 64 launches selling now): +17%. In your favour when this gap is 5 percentage points or more below the usual gap; watch out when 5 or more above.
How fair is this comparison?
A rough guide only. Older homes against a new launch. Lease and size range are matched, building age is adjusted at an average rate; the premium for a brand-new home, condition, floor and facilities are not. That is why the line compares the gap with the usual gap for launches rather than with zero.What this check cannot see
- Building age is adjusted at one average rate, about 0.9% a year (measured from 10,793 private resales in 1,531 condos, Oct 2025 to Oct 2026). Real prices fall faster in a building's first 15 years and slower after, faster for 99-year leases than freehold, and upkeep differs between buildings.
- The lease adjustment uses the SLA leasehold table (Bala's Table), which values land, not the building; on very old leases it may over-adjust.
- Floor level, view, facing and unit mix are not adjusted. A project whose recent sales were mostly high floors looks dearer.
- 1.5 km in a straight line can reach across an expressway, river or park into a different market.
- URA gives one map point per project, so large projects are measured from a single spot.
Price vs other new launches nearby · Neutral
Costs about 3% less than other new launches within 1.5 km
In line with competing launches nearby.
- This launch
- S$3,232 psf
- Other launches nearby
- S$3,343 psf
Based on 31 sales in other launches, Nov 2025 to Nov 2026
Show the calculationHide the calculation
What it compares
This project's median price per sq ft against new-launch sales in other projects within 1.5 km over the last 12 months, same size range (430–2,196 sq ft).The figures
- This project: S$3,232 psf
- Other launches nearby: S$3,343 psf median of 31 sales
- In your favour when 5% or more cheaper; watch out when 5% or more dearer.
How fair is this comparison?
Fair. New launches against new launches of similar sizes. Their land costs, finishes, facilities and launch dates differ, and a launch sells different floors at different stages.What this check cannot see
- Developer discounts and rebates are not in URA's caveat data, so real prices may be lower than recorded.
- 1.5 km in a straight line can reach across an expressway, river or park into a different market.
- A launch late in its sales has fewer cheap units left, so its median rises.
Price vs launches in this region · Watch out
About 13% above the typical price of other launches selling now in this region
Dearer than most of the homes you are likely to compare it with; check that the location or size is worth it.
- This launch
- S$3,232 psf
- Typical launch in the region
- S$2,850 psf
Based on 33 launches · a rough guide only
Show the calculationHide the calculation
What it compares
This project's price per sq ft against the median of other new launches selling now in the same URA region (Central, East, North, North-East or West).The figures
- This project: S$3,232 psf
- Median of 33 other launches selling now in this region: S$2,850 psf
- In your favour when 10% or more below the typical price; watch out when 10% or more above.
How fair is this comparison?
A rough guide only. Same region or type only: a region mixes places near and far from the city, and each launch's land cost differs.What this check cannot see
- Region medians mix very different locations: Orchard and Toa Payoh are both in the Central region.
- Unit sizes are not matched: small units cost more per sq ft, so a project of mostly small units looks dearer.
Land cost vs launch price · Watch out
Priced at about 1.63 times the developer's likely cost
Priced well above what the project likely cost the developer, so the developer has room to give discounts later. Do not rush.
- This launch
- S$3,232 psf
- Developer's likely cost
- S$1,988 psf
Based on the land price from PropGPT research, 22 Oct 2026
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What it compares
This project's price per sq ft against what the developer likely needs to break even: the land price per sq ft of allowed floor area (psf ppr) × 1.4.The figures
- Land: S$1,420 per sq ft of plot ratio, Government Land Sales tender in 2025
- Likely breakeven: about S$1,988 psf (land × 1.4: land plus construction, financing and fees)
- This project: S$3,232 psf; S$3,232 psf ÷ S$1,988 psf = 1.63. In your favour under 1.15; watch out at 1.3 or more.
How fair is this comparison?
Fair. This project's own land and price; only the cost of building is estimated.What this check cannot see
- × 1.4 is a rule of thumb; consultants' estimates for a site differ, and construction costs rose sharply after 2021.
- The land price may or may not include a lease top-up or development charge; the research notes say which when known.
- Land bought years ago is cheaper in today's money, so older land makes the margin look bigger.
Sources
The Business Times: GuocoLand launches River Modern with prices from S$2,877 psf, retrieved 2026-10-22
Can it earn or hold its value?
Rental yield · Neutral
About 2.3% of the price a year in rent, before costs
Close to the typical 2.4% for launches selling now.
- This launch
- 2.3%
- Typical for launches selling now
- 2.4%
Based on 6,947 rental contracts, Q1 2026 to Q3 2026
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What it compares
Rents of condos and apartments of similar size within 1.5 km (URA rental contracts, last 4 quarters), per sq ft, × 12, against this project's price per sq ft.The figures
- Nearby rent: S$6.11 per sq ft a month, median of 6,947 contracts (URA, Q1 2026 to Q3 2026)
- Yield = S$6.11 × 12 ÷ S$3,232 psf = 2.3%. In your favour when 0.3 percentage points or more above the typical yield; watch out when 0.3 or more below.
How fair is this comparison?
Fair. Rents of similar homes nearby, not of this project, which is not finished yet.What this check cannot see
- Gross yield: property tax, maintenance fees, agent fees and empty months usually take 1 to 2 percentage points off.
- URA records rented sizes as ranges (for example 900–1,000 sq ft); PropGPT uses the middle.
- New homes usually rent for more than the older homes nearby, so this may understate.
Lease · Neutral
99-year leasehold
A lease loses value slowly at first, then faster: about 96% of a freehold home's value when new, 91% with 80 years left, 80% with 60 years left.
Based on URA's title record
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What it compares
The title's tenure, as recorded by URA.The figures
- SLA leasehold table (Bala's Table).
How fair is this comparison?
Very fair. A fact about this home.What this check cannot see
- Bala's Table describes land value; what buyers pay for old leases does not follow it exactly.
How nearby homes' prices moved · Watch out
1 of 39 nearby projects rose faster than the whole market
Homes around here have done worse than the market in recent years. Past results do not guarantee future ones.
Based on 39 nearby projects, sales from Oct 2021 · a rough guide only
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What it compares
For each project within 1.5 km with enough sales: the median price of its first 12 months of sales in PropGPT's data against its resales in the last 12 months, at least 2 years apart, compared with URA's private non-landed price index over the same quarters.The figures
- MIRAGE TOWER (147 m): +12% from 2022-Q2 to 2026-Q2; market +21%
- RIVIERE (174 m): +0% from 2022-Q2 to 2026-Q2; market +21%
- RIVERGATE (219 m): +14% from 2022-Q2 to 2026-Q2; market +21%
- THE TRILLIUM (297 m): +6% from 2022-Q3 to 2026-Q2; market +16%
- MARTIN MODERN (370 m): +6% from 2022-Q2 to 2026-Q2; market +21%
- MARTIN PLACE RESIDENCES (379 m): +14% from 2022-Q2 to 2026-Q1; market +21%
- In your favour when 60% or more of nearby projects beat the market; watch out at 40% or fewer.
How fair is this comparison?
A rough guide only. Each project against itself over time, so like for like within a project; but the projects are not this one.What this check cannot see
- PropGPT's sales data starts in October 2021, so an older project's 'first year' is a resale year, not its launch.
- A project's early sales may be small units and later ones large, or the other way round.
- Past price moves do not predict future ones.
MRT · In your favour
100 m to Great World MRT Station
Within an easy walk; homes near stations are in steady demand from buyers and tenants.
Based on LTA station exits and URA Master Plan 2019, worked out 2 Nov 2026
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What it compares
Straight-line distance from the project's map point to the nearest MRT or LRT exit in service (LTA), and to the nearest planned station (URA Master Plan 2019).The figures
- Nearest planned station: River Valley (planned), 1,041 m
- In your favour within 500 m of a station in service or planned; watch out over 1 km from both.
How fair is this comparison?
Very fair. A fact about this location.What this check cannot see
- Straight-line distance: walking routes are longer, often by a third.
- Planned stations can be years away and dates change.
What could go wrong?
Competing homes finishing nearby · In your favour
No other unfinished projects within 1.5 km due around the same time
No competition from other new homes when you want to rent out or sell.
Based on URA's list of projects not yet completed, worked out 2 Nov 2026
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What it compares
Homes in other private projects within 1.5 km that URA lists as not yet completed, due within 2 years of this project's completion (TOP).The figures
- URA pipeline of private homes not yet completed.
- In your favour when there are none; watch out at 1,000 homes or more.
How fair is this comparison?
Fair. Counts homes, not who will sell or rent them.What this check cannot see
- Completion years in URA's pipeline often shift by a year or more.
- Land sold but not yet in URA's pipeline is not counted.
- 1.5 km in a straight line can reach across an expressway, river or park into a different market.
Developer's track record · Neutral
no problems found in the news
No problems found in the news, but few completed projects to judge by.
Show the calculationHide the calculation
What it compares
Housing projects the developer has completed in Singapore, and delays, defects or disputes reported in established news in the last 10 years (PropGPT research).How fair is this comparison?
Fair. The developer's other projects, not this one.What this check cannot see
- Only problems reported in the news are found; many defects are settled quietly.
- Joint ventures: a problem of one partner is listed even when the other partner led the project.
Cost to buy, hold and sell · Fact
S$47,000 in stamp duty for the cheapest unit
Profit only starts after these costs are covered.
Based on today's IRAS stamp duty rates
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What it compares
Stamp duties under the current IRAS rates for the price shown.The figures
- Stamp duty on S$1.55M: S$47,000 (assumes a Singapore citizen buying a first home)
- Selling within 4 years of buying costs seller's stamp duty of 16% falling to 4%; buying now, that ends around Nov 2030.
- Interest is paid only on the loan drawn so far; payments rise as the building goes up.
How fair is this comparison?
Very fair. Worked out for this price.What this check cannot see
- Assumes a Singapore citizen buying a first home until you add your details.
Good to know (not judged)
Sales so far · Fact
94.7% sold in 8 months
Fast sales show interest, but projects that sold fast have later made losses and slow sellers have made gains. Not a sign of profit.
Project size · Fact
455 homes
Big projects have more facilities but more owners selling against you at the same time.
Government land sales and big developments nearby · Fact
4 planned within about 2 km
New land sales add competing homes; new stations, malls and offices add demand. Both are public, so prices may already include them.
Based on PropGPT research, 22 Oct 2026
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The figures
- River Green by Wing Tai, 524 units next to Great World MRT, on a site bought for S$1,325 psf ppr in 2024
- Promenade Peak, 596 homes by Allgreen on the Zion Road site across the Singapore River, launched in 2025
- Zyon Grand by CDL and Mitsui Fudosan, 706 condo units and 376 serviced apartments linked to Havelock MRT station
- River Valley Green (Parcel C) site, about 470 homes, top bid of S$1,730 psf ppr from Sunway MCL and CSC in June 2026
Sources
The Business Times: River Green and Promenade Peak begin previews, retrieved 2026-10-22; The Business Times: Sunway MCL, CSC bid S$1,730 psf ppr for River Valley Green (Parcel C), retrieved 2026-10-22Growth-area plans · Fact
Not in a named growth area, as far as PropGPT found
Growth areas are planned for decades and are public, so prices often include them already.
PropGPT calculations from URA and data.gov.sg, updated 2 Nov 2026. PropGPT is not a licensed estate agency and does not act for buyers or sellers. These figures are not a valuation, a forecast or financial advice, and past results nearby do not predict future returns. How each line is worked out
What you would pay
For the cheapest 2BR at S$1,548,000. Estimates, not financial advice.
- Monthly loan payment
- S$4,895
- Cash and CPF needed upfront
- S$437,000at least S$77,400 of it in cash
- S$47,000
- S$0
PropGPT calculation: at 3.0% over 30 years; upfront = price − loan + stamp duties + about S$3,000 legal fees. Banks require at least 5% of the price in cash; the rest can come from CPF. Stamp duty assumes a Singapore citizen buying a first home. Add your details for your own figures. You can change the loan assumptions in Compare.
Unit types and prices
As published by the developer or reported in the press. Availability changes daily; confirm with the developer.
2BRfrom S$1,548,000
538 to 689 sq ftS$2,877 psf
3BRfrom S$2,298,000
797 to 1,109 sq ftS$2,883 psf
4BRfrom S$4,588,000
1,464 to 1,830 sq ftS$3,134 psf
| Type | Size (sq ft) | Price | |
|---|---|---|---|
| 2BR | 538 to 689 | from S$1,548,000 | S$2,877 |
| 3BR | 797 to 1,109 | from S$2,298,000 | S$2,883 |
| 4BR | 1,464 to 1,830 | from S$4,588,000 | S$3,134 |
Price per square foot of actual sales, by month
URA caveats lodged for new sales; median per month calculated by PropGPT. Months with no sales are left out.
Nearby homes and what they sold for
Private condos and apartments within 1.5 km sold in the last 12 months (URA). Use this to judge whether the price is high or low for the area.
10 nearby projects, median from S$2,112 to S$3,388. Show the listHide the list
| Project | Distance | Tenure | Median PSF | Typical size | Sales |
|---|---|---|---|---|---|
| CENTENNIA SUITES | 137 m | Freehold | S$2,804 | 1,819 sq ft | 3 |
| MIRAGE TOWER | 147 m | Freehold | S$2,408 | 958 sq ft | 5 |
| RIVIERE | 174 m | 99-year from 2018 | S$2,845 | 1,141 sq ft | 9 |
| RIVERGATE | 219 m | Freehold | S$3,071 | 1,507 sq ft | 11 |
| TRIBECA | 239 m | Freehold | S$2,691 | 1,033 sq ft | 1 |
| THE AVENIR | 249 m | Freehold | S$3,388 | 1,357 sq ft | 2 |
| YONG AN PARK | 271 m | Freehold | S$2,444 | 2,497 sq ft | 2 |
| THE MORNINGSIDE | 271 m | Freehold | S$2,283 | 1,857 sq ft | 2 |
| STARLIGHT SUITES | 282 m | Freehold | S$2,112 | 963 sq ft | 2 |
| THE TRILLIUM | 297 m | Freehold | S$2,753 | 1,798 sq ft | 5 |
Location
- Nearest MRT station
- Great World MRT Station
- 100 m · ~2 min walk
- Nearest school
- River Valley Primary School
- 162 m · ~3 min walk
- Nearest park
- Kim Seng Pk
- 87 m · ~2 min walk
- Nearest supermarket
- Cold Storage Singapore (1983) Pte Ltd (Great World City)
- 309 m · ~4 min walk
Open data from LTA, NParks, MOE and SFA (data.gov.sg), located with OneMap. Malls are not shown: no open dataset exists. Map: OpenFreeMap, OpenStreetMap contributors.
What next?
Add River Modern to Compare and put it next to two or three others, or go back to all launches. Before you commit, visit the showflat and confirm prices with the developer.