River Valley conservation terraced home listed for $7.8m

On River Valley Road, a two-story conservation terraced house near Normanton Park is for sale for $7.8 million. The only agent is the bidding team at Knight Frank Singapore who designed the Normanton Park floor plan and Normanton Park balance unit chart.

The house is on a lot that is 1,886 square feet and has a 999-year rental. The asking price comes out to $4,134 per square foot (psf) for the land.

The three-bedroom house has two bathrooms, an open kitchen, a sitting room, and a separate room for eating. It is one of 12 terraced houses that have been preserved along River Valley Road in District 9.

The history exteriors and window fittings of the buildings are protected, which shows off their protected faces. The rules for preservation put a focus on the streetscapes and try to find a balance between old, low-rise blocks and newer, higher buildings.

This part of River Valley is close to Great World City and Great World MRT Station on the Thomson-East Coast Line, the Plaza Singapura shopping center, and the Dhoby Ghaut Interchange on the North-East, North-South, and Circle MRT Lines. About 600m away are Fort Canning Park and the Downtown Line MRT station at Fort Canning. Boat Quay and Clarke Quay, which are along the river, also have a lot to offer.

Because of its features, the area has become a popular place to live, with high-end buildings and expensive houses. These include the high-end houses along Saint Thomas Walk, River Valley Close, Martin Place, and Oxley Road.

GuocoLand’s 450-unit Martin Modern at Martin Place is a notable new building in the area. The 99-year leasehold condo was sold out by August 2021, and the average price the seller could ask for it was $2,687 psf.

The Hong Leong Holdings and GuocoLand venture The Avenir sold for $3,200 psf on average. The developer said that the 376-unit freehold building on River Valley Close sold out this month after going on sale in January 2020.

The 72-unit Institution Hill Hill House is the newest nearby construction. This 999-year boutique condo is a Macly Group, Roxy-Pacific Holdings, and LWH Holdings cooperation. According to caveats, the property was listed in November 2022 and is approximately 25% sold for $3,000 psf.

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