Riverside Piazza Offered For Sale, Targeting Price Of $198 Million


Riverside Piazza is up for enbloc sale via tender with a expected price of $198 million. The 99 years leasehold mixed development is located near to Clarke Quay and Singapore River. It is also near to a few MRT stations including Clarke Quay, Fort Canning and Chinatown station. The prime location will foresee good interest in the bidding.

The site area of Riverside Piazza is 31,650 square feet and can be built to a gross floor area of 88,910 square feet. The reserve price will translate to $2606psf per plot ratio. Each owner of the 40 residential units and 24 commercial shops is expected to receive a proceed between $2.23 million to $9.47 million if the sales is successful.

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