RIVERBAY
MAR THOMA ROAD · District 12 · 999 yrs lease commencing from 1882
Median Price
S$1.0M
Price Range
S$595K - S$1.6M
Tenure
Leasehold
Avg Rent
S$5.71 psf
RIVERBAY Price Analysis
RIVERBAY is a leasehold development on MAR THOMA ROAD in District 12 (Balestier/Toa Payoh). According to URA transaction records, 57 private residential transactions have been recorded at this development, with a median price of S$1,015,000. Prices range from S$595K for the smallest units to S$1.6M for premium configurations.
The development offers units across 3 size categories. The most traded segment is studio (<50 sqm) at a median of S$748,500. Larger units (2-bed (70-100 sqm)) trade at S$1,222,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at RIVERBAY. High-floor units (16-20) command a median of S$1,140,000, while low-floor units (11-15) sell for S$990,000. That is a 15% premium for higher floors, worth S$150K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, RIVERBAY commands an average of S$5.71 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 5.8%.
Price Trend
Median transaction price by contract month.
Source: URA Private Residential Property Transactions
Price by Floor Level
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| Studio (<50 sqm) | S$749K | 43 sqm | 20 |
| 1-Bed (50-70 sqm) | S$997K | 61 sqm | 10 |
| 2-Bed (70-100 sqm) | S$1.2M | 81 sqm | 27 |
FAQ
What is the average price of RIVERBAY?
The median transaction price at RIVERBAY is S$1,015,000, based on 57 URA-recorded transactions. Prices range from S$595K to S$1.6M.
Does floor level affect prices at RIVERBAY?
Yes. High-floor units (16-20) sell for a median of S$1,140,000, while low-floor units (11-15) sell for S$990,000. That is a 15% premium for higher floors.
What is the rental rate at RIVERBAY?
The average rental rate at RIVERBAY is approximately S$5.71 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.