Wing Tai Holdings, a property developer listed on the mainboard, has launched the preview of its newest residential project, River Green, on July 17. Located at River Valley Green, the development is situated next to the Great World MRT Station on the Thomson-East Coast Line (TEL). Sales for River Green are expected to start on Aug 2.
This 99-year leasehold project is situated in the prime District 9 within the Core Central Region (CCR) and comprises a 36-storey residential tower with a rooftop terrace on the 37th floor. The project was designed by P&T Consultants, with STX Landscape Architects as the landscape designer. It is also the first private residential development in Singapore to achieve the BCA’s Green Mark Platinum Super Low Energy certification, with all five sustainability badges: health and wellbeing, whole life carbon, maintainability, resilience and intelligence.
Interested buyers can now find out more about the available units and prices for River Green. The development has a total of 524 units and offers a range of one- to four-bedroom apartments. It also boasts a rooftop solar panel system that can generate enough energy to cover 30% of the common area’s electricity needs. The basement car park has 265 parking lots, including 40 electric vehicle (EV) ready lots and 20 equipped with EV charging stations.
River Green is Wing Tai’s first residential project in the River Valley area. The developer has a track record of creating upmarket and ultra-luxury developments in Singapore’s CCR, such as Le Nouvel Ardmore, L’Viv, Newton 18, and Belle Vue Residences. According to Stacey Ow Yeong, head of marketing at Wing Tai Property Management, the company has always demonstrated a strong understanding of and success in developing projects in the CCR.
Wing Tai’s latest completed project is The M, a 522-unit development in the Beach Road-Bugis-Rochor area, considered part of the Rest of Central Region (RCR). The M is now fully sold. Its most recent launch before River Green was The LakeGarden Residences, a 306-unit, 99-year leasehold project in Jurong Lake District, which is over 75% sold since its launch in August 2023.
Under the Government Land Sales (GLS) programme, Wing Tai has actively pursued prime residential sites. The company secured the site at River Valley Green (Parcel A) in March 2023 with the highest bid of $464 million, or $1,325 per square foot per plot ratio (psf ppr). The site at River Valley Green (Parcel B) was subsequently awarded to GuocoLand with a winning bid of $627.84 million ($1,420 psf ppr) in February 2025.
According to Ow Yeong, the company recognized the site’s potential, with its strong location and accessibility to Great World MRT Station, proximity to the Singapore River and CBD, and nearby schools. With the recent positive changes in the area, such as the major asset enhancement of Great World shopping mall and the opening of Great World MRT Station in November 2022, developers have reason to feel confident in the area, says Mark Yip, CEO of Huttons Asia.
River Green is the first major new launch in the River Valley area since the debut of Irwell Hill Residences in April 2021, notes Kelvin Fong, CEO of PropNex. Additionally, the preview of Promenade Peak, a 596-unit project by Allgreen Properties at Zion Promenade in District 3 of the RCR, also starts on the same day. Both projects are located near each other, and Fong believes that the projects share attributes that appeal to today’s homebuyers, such as central location, proximity to MRT, and nearby retail and F&B options.
Another launch is scheduled for July 19, the 348-unit Robertson Opus, a 999-year leasehold project jointly developed by Frasers Property and Sekisui House in District 9. It adds to the growing number of new launches in the area, offering buyers more options.
River Green offers a range of units, from one- to four-bedroom apartments, with sizes ranging from 420 to 980 square feet. The majority of the units (53%) are two-bedroom configurations, followed by three-bedroom units (20%), and one-bedroom and one-bedroom plus study units (20%). Four-bedroom units make up only 7% of the development. The prices for the units are as follows: one-bedders from $1.2 million ($2,857 psf), two-bedders from $1.5 million ($2,846 psf), three-bedders from $2.25 million ($2,862 psf), and four-bedders from $2.8 million ($2,857 psf).
Ow Yeong explains that the company aimed to balance spaciousness with efficiency to ensure the prices are within the budget of local buyers. Most young buyers in the CCR have affordability ranges of $2 million to $3 million, often with parental support, she adds. The pricing strategy of Wing Tai will appeal to aspirational local homebuyers who might have previously viewed CCR properties as unattainable, says ERA Singapore CEO Marcus Chu. He notes that as the price gap between RCR and CCR narrows, new opportunities emerge for Singaporeans to consider homes in the CCR.
Yip adds that some one-bedroom units in new RCR launches are priced around $1.4 million, higher than River Green’s starting price of $1.2 million for a CCR unit. Although there are concerns about oversupply with the wave of new launches, Fong believes that the surrounding amenities, such as five primary schools within 2km of River Green, will appeal to buyers. He also notes that with each project in the River Valley-Zion Road corridor, developers can cater to different segments based on buyer preferences, lifestyle, and budget.
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Christine Sun, chief researcher and strategist at Realion Group, estimates that four new launches in the River Valley area in 2H2025 will bring 2,175 units to the market. The upcoming supply also includes GuocoLand’s 455-unit project on Parcel B and a potential 470-unit development on Parcel C, which is currently on the Reserve List. Sun believes that the total forthcoming supply in the precinct could reach approximately 3,100 units. Mohan Sandrasegeran, head of research and data analytics at SRI, adds that River Green’s green credentials could appeal to younger, eco-conscious buyers and families seeking a healthier living environment.
The facilities at River Green include a 50m lap pool, tennis court, gym, three function rooms, co-working space, barbecue and garden pavilions, and a Sky Loft with bar facilities on the 37th floor. The development also boasts a sheltered walkway that connects directly to the Great World MRT Station and the adjoining shopping mall.
According to Sandrasegeran, private residential supply in River Valley has always been limited and well-absorbed. He also believes that the new launches will offer buyers more choices, and the healthy competition may prompt developers to enhance value, introduce more competitive pricing, or offer incentives.