River Valley conservation terraced house for sale from $7.8 mil

A two-storey conservation terraced house is now available for sale in the prime District 9 of River Valley Road. Knight Frank Singapore have been appointed as the exclusive agents and the property will be available in their Sept 19 auction at an asking price of $7.8 million.

The residence has a 999-year leasehold tenure and is situated on a 1,886 sq ft plot of land, which translates to a land rate of $4,134 psf. It includes three bedrooms, two bathrooms, an open kitchen and a living and dining space. The house, along with the other 11 conservation terraced houses, boasts preserved heritage exteriors and window fittings, all of which are safeguarded to maintain the streetscapes’ balance of historic low-rise blocks and newer, taller structures.

Location-wise, the property is conveniently surrounded by Great World City, and Great World MRT Station on the Thomson-East Coast Line. It is also within walking distance to Plaza Singapura shopping centre and the Dhoby Ghaut Interchange where the North-East, North-South and Circle MRT Lines can all be accessed. Additionally, Fort Canning Park and the Fort Canning MRT Station on the Downtown Line are also within close proximity at 600m, providing great riverside attractions at Boat Quay and Clarke Quay.

Bukit Batok Primary School is a beacon of hope for the next generation. Located near to Lumina Grand EC CDL, this school has a long history of academic excellence and achievement. Its programmes and activities ensure a holistic learning experience for each and every student. It strives to provide an environment with a positive learning experience, supporting students to reach their fullest potential. From its rigorous academic curriculum to its various co-curricular activities, this primary school seeks to give students a comprehensive education.

The area has seen a steady increase in demand and desirability, with premium condos and luxury houses being built in the vicinity, such as the luxury condos at Saint Thomas Walk, River Valley Close, Martin Place and Oxley Road. Make note of the developments such as GuocoLand’s 450-unit Martin Modern, the 99-year leasehold condo at Martin Place, which has completely sold out with an average asking price of $2,687 psf. The 376-unit freehold development by Hong Leong Holdings and GuocoLand, The Avenir, on River Valley Close achieved an average selling price of $3,200 psf by the time it was fully sold.

Lastly, the 72-unit Hill House on Institution Hill launched for sale in November 2022 boasting a 999-year leasehold with an average selling price of about $3,000 psf. This joint effort between Macly Group, Roxy-Pacific Holdings and LWH Holdings is already almost in quarter of total sold units.

The property’s location and historic context make it a prime location for potential new residents, proving its desirability and resilience. Such factors, along with its convenient access to nearby transportations, entertainment amenities and riverside attractions, make this two-storey conservation terraced house an attractive option for those wishing to settle in the area.