The New Revamp of River Valley and Upcoming New Launch Condo
As of mid-2025, the River Valley area is seeing significant new residential development activity, particularly around the River Valley Green precinct near Great World MRT station. One of the key projects, River Valley Green (Parcel A), was awarded to Winchamp Investment, a subsidiary of Wing Tai Holdings, in June 2024. The site, measuring around 9,293 square metres, is zoned for residential use and is expected to yield about 380 housing units. The winning bid came in at approximately $463.99 million, or $1,325 per square foot per plot ratio (psf ppr).
Nearby, River Valley Green (Parcel B) drew stronger interest and was successfully tendered to GuocoLand’s subsidiary, GLL B Pte. Ltd., in February 2025. This parcel, which includes both residential and commercial elements, spans over 11,700 square metres and can accommodate roughly 475 residential units and 500 square metres of commercial space. The winning bid was $627.8 million, or about $1,420 psf ppr—reflecting the site’s premium location and potential, including river frontage and close proximity to transport links.
In addition, River Valley Green (Parcel C) was added to the Reserve List in June 2025 and is currently available for application. This future development site covers around 11,516 square metres and could yield approximately 470 residential units. Developers may initiate a tender by submitting a bid that meets or exceeds the government’s minimum price. This is expect to draw various interest because of the last announce land site reserve and going to tender bid. Price is expected to go higher compare to the previous parcel bid.
As of mid-2025, Zion Road is emerging as a prime residential hotspot with two significant Government Land Sales (GLS) sites under development—Zion Road Parcel A and Parcel B.
Zion Road Parcel A was awarded in April 2024 to a joint venture between City Developments Limited (CDL) and Mitsui Fudosan. This 99-year leasehold site covers about 15,278 square metres and is zoned for residential use with commercial space on the ground floor. The upcoming development, known as Zion Residences, will feature approximately 955 units, including a mix of typical condominium units and long-stay serviced apartments—part of a new pilot scheme requiring a minimum three-month stay. It will also include around 2,400 square metres of commercial space, which is expected to house amenities such as a childcare centre. Located right next to Havelock MRT on the Thomson-East Coast Line, the project promises excellent connectivity.
Zion Road Parcel B, awarded in August 2024 to Allgreen Properties (a subsidiary of the Kuok Group), is also a 99-year leasehold plot, covering around 9,293 square metres. This site is purely residential and will be developed into Promenade Peak, a project expected to yield approximately 596 homes. Situated near the Singapore River and just a short walk from Havelock MRT station, the development offers both convenience and scenic views, appealing to buyers looking for city-fringe living with lifestyle perks.
These projects signal a major transformation of the Zion Road area, reinforcing its status as a sought-after residential enclave with strong transport links, vibrant amenities, and modern urban living options.
Promenade Peak Condo which is part of the transformation and going to develop by pioneer Great World City developer; Allgreen awaiting to make a new signature building just beside its own pioneer popular shopping mall.
Together, these new land parcels represent a major push to enhance the River Valley and its neighboring Zion Road with more high-quality, centrally located residential offerings, further reinforcing the area’s appeal as a vibrant and well-connected district.