The luxury development along Jiak Kim Street (former Zouk site) features a total of 455 units across two residential towers (36-storey) each.
Rivière is probably one of the most anticipated new launch condo projects in 2019 – due to the nature of it sitting on the former site of Singapore’s iconic nightclub, Zouk along Jiak Kim Street.
When property developer Frasers Property acquired the site back in December 2017 via the government land sales (GLS) programme, it forked out a whopping amount of $955.4 million (or $1,732.55 psf ppr).
Not only it was around 40% more than the reserve price which the government had set, but it was also a record-breaking price back then compared to the surrounding land prices.
With such a cost price, you can almost be sure that Rivière condo won’t come cheap and it’s definitely not a project for the masses. Despite its hefty price, is Rivière even a good buy in today’s market? Is it even worth considering?
Let us find out more about what Rivière has to offer and how does it line up against other nearby projects – specifically Martin Modern.
The developer of Rivière condo is none other than Frasers Property itself which was first established in 1883 – more than a century of experience accumulated.
Publicly-listed on the Singapore Exchange (SGX) back in 1988, it is one of the most renowned property developers in Singapore with a huge array of businesses within the real estate industry for the last 3 decades.
Its businesses operate across various real estate sectors such as residential, commercial, industrial, retail, and hospitality – with a total worth of around $33.2 billion (Singapore Dollars) as of end March 2019.
Just solely based on the developer, Fraser Property’s hospitality footprint, it’s business spans across 80 cities mainly in Asia, Africa, Europe, the Middle East, and Australia.
Some of Fraser Property’s iconic and well-known residential projects in Singapore alone include the likes of North Park Residences (in Yishun), Soleil @ Sinaran (in Novena), Seaside Residences and Flamingo Valley (both in Siglap), and the Waterfront collection of condos along Bedok Reservoir.
The location of Rivière condo couldn’t be any better as it is situated within District 3 and right at the fringe District 9 – one of the prime residential districts in Singapore.
Most locals would know the location of Rivière better as the former site of Zouk – one of Singapore’s most popular night spots.
Nestled at the quieter and residentiary end of Robertson Quay precinct, Rivière certainly exemplifies the very best of being a dweller in the city, within an exclusive private residential enclave.
Walking distance to Havelock and Great World MRT Station
Owning a property which is located near an MRT station seems to be on almost every homebuyers’ or investors’ checklist. Despite the fact that Rivière is already located within close proximity to the downtown city center, the prospect of having an MRT station would still be much appreciated.
After all, not everyone drives or likes taking public buses. Thus, the Havelock MRT station or Great World MRT station will serve as a perfect alternative for commuters who wish to save more time traveling time getting around the island.
Projected to complete by 2021, the upcoming Havelock and Great World MRT stations will be situated along the new Thomson-East Coast line – which will offer future residents of Rivière condo a direct route to the northern, southern and eastern region of Singapore.
For instance, it will only take you 15 to 20 minutes traveling from Rivière to the downtown central areas and business districts such as Shenton Way and Marina Bay by the MRT – which is only 3 to 5 stops away.
Fancy a little retail therapy? You would be pleased to know that you are just one stop away from the Orchard MRT station, the entry point to Singapore’s largest and most popular shopping district.
And since Rivière condo will only be completed by 2023, it will also mean that by the time you receive the keys to your new apartment, the train service would already be fully operational.
Great World City shopping mall and other amenities nearby
The shopping mall that is closest to Rivière would be the Great World City mall. In my opinion, it is one of the most comprehensive shopping malls in Singapore.
At Great World City, you will actually find an abundance of amenities which would serve your daily needs, such as retail stores, restaurants, cafes, a large supermarket, and even a movie theatre.
In fact, the location of Rivière condominium also brings 3 of the best quays along Singapore River together – the tranquil residential environment of the Robertson Quay; the nightlife buzz of Clarke Quay and the exhilaration of Boat Quay.
They are all just minutes’ walk away and apparently, these areas have remained extremely popular among expatriates and even locals for the longest time.
From day to night, 7 days a week, there will always be things to do and get you going around these areas.
For instance, you can take a morning stroll or jog along the riverside, enjoy a sumptuous brunch at one of the swank cafes nearby with your family and loved ones, or even go for a fun night out with some friends over a couple of drinks.
Rivière Condo Design and Facilities
It’s being highlighted that part of Rivière condo will consist of 3 warehouses (which were formerly on site and will undergo restoration) and serviced apartment units, in addition to the 2 residential towers (36-storey tall each) which will be rising over the Singapore River.
When it comes to the condo’s appeal – both exterior and interior, you can rest assured that Frasers Property is out to provide the best – especially when Rivière is being branded as a ‘luxury condominium’.
In order to achieve a stunning architecture that reflects the sky above, the flowing water from the river below, and the cityscape around, the architect that Fraser Property has engaged is perhaps second to none.
Being literally the centerpiece of the Singapore River, Rivière condominium is a sculptural masterpiece crafted by SCDA Architects Pte Ltd – led by principal architect, Mr. Chan Soo Khian.
Locally, the brand of SCDA is often being associated with high-end luxury residential developments. Some of them include The Marq on Paterson Hill, Leedon Residence, TwentyOne Angullia Park, Cluny Park Residences, and their most recent project Amber Park, etc.
SCDA has won numerous awards over the years and its latest accolade in 2019 was the AIA New York Merit Award for their distinguished achievement in design for Cluny Park Residences, which puts them alongside some of the greatest architects in the world.
The design of this new condominium along Jiak Kim Street
Upon entering Rivière condo, you will find an elevated entrance which creates a sense of exclusivity
upon arrival at the condo. After all, this is a private sanctuary perched among cool waters and lush greenery.
At the entrance plaza, you’ll find a welcoming art piece that really defines the class of Rivière condo and what it means to live within this impressive residential development.
Inside Rivière, residents will find numerous classy facilities on top of the conventional ones (such as lap pools and gyms) which you find in most condos these days.
One of them is the library lounge, which is surrounded by thoughtful landscapes. It will be the perfect place to get that peace and privacy while you enjoy some reading time.
For those who prefer to let their hair down and take a step back in their daily hustle and bustle, you could host a couple of friends or family at the Rivière Dining area or the Entertainment lounge over some food and drinks, and spend some quality time connecting with one another.
However, if you choose to just sit back and chill, the Sky Spa (located at the Sky Deck on the 37th floor) would the most ideal location as you unwind over beautiful southern views of the Singapore skyline which leads all the way to the Marina Bay precinct.
The three conserved warehouses
As part of the developer’s effort to conserve the three historical warehouses which were formerly used by Zouk, they will be part of the commercial element at Rivière and will be housing a specialized store for groceries, F&B outlets and plenty more.
In addition, the 100-year old Jiak Kim Street will also be under conservation and integrated into the community together with these warehouses. It will be revamped to accommodate a heritage trail and some other communal spaces.
Rivière Floor Plan and Unit Types
Rivière comprises a total of 455 private residential units distributed across two residential towers (each 36-storey tall). It has a wide range of units types – from a 1-bedroom (560 sqft) to a 4-bedroom unit (2,002 sqft).
The lowest residential units will start from Level 6, which means almost every resident at Rivière will get to enjoy unblocked views of the Singapore River.
Each home at Rivière condominium will come kitted with an integrated smart home system and residents will also be equipped with mobile access to the condo’s facilities and smart mailboxes, etc.
The entire development is expected to TOP by the year 2023.
Here is the Rivière floor plan for each unit types.
Rivière Price Guide
As of 28 May 2019, the official Rivière price list has not been released yet. However, according to earlier reports, units at Rivière condo could be priced from $2,580 psf onwards.
If you wish to receive the most updated Rivière pricing and availability of the units, do give us a call at (+65) 6631-8384 or drop us a message using the form at the end of this article.
Rivière Showflat Location
The Rivière showflat is located along Kim Seng Road, just opposite Mirage Tower and diagonally across Centennia Suites condo.
The official opening hours of the Rivière showflat has yet to be announced, thus do drop us a note or call us at (+65) 6631-8384 before you make your way down to the showflat – in order not to make a wasted trip down.
From a personal point of view, It’s hard not to get excited about the prospects of Rivière. It is probably going to be one of the most talked about new launch condo project in months to come, due to the fact that it is being built on the site of its predecessor – Zouk.
When Frasers Property (formerly known as Frasers Centrepoint) acquired the Jiak Kim Street site for a staggering $955.4 million (or $1,732.55 psf ppr) back in 2017, market watchers have cast their doubt on whether the new project, Rivière will be able to attract homebuyers and investors with such a high price point.
According to their calculation, the breakeven price for Rivière is approximately $2,450 psf and the eventual selling price should work out at an average of $2,700 psf – based on a 10 percent profit margin.
And they might just be right.
On 25 May 2019, it was being reported that Frasers Property will price Rivière from $2,580 onwards. In most cases, that will mean that the biggest unit type situated on the lowest floor level of the Rivière condo will be priced at $2,580 while the rest will be priced upwards from thereon.
Honestly, Rivière feels like a breath of fresh air, due to the fact there hasn’t been any new condominium along Kim Seng Road being launched over the last decade and literally situated right next to the Singapore River.
In this Rivière review, if we were to take the price tag out for a while and look at just the ‘product’ itself, you will find that there’s actually a lot to like about this development.
The luxury of space
The developer came out with two categories of unit types for Rivière – the Classic collection and the Premium collection. The main differences are the sizes of the units (the ones under Premium collection are the bigger units) and the provision of private lift access.
The first thing that really stood out for me personally is the amount of space being planned for each unit type.
For instance, just do a quick search and you will realize that most of the one-bedroom or studio apartments within the precinct are mostly just 400-ish square feet. For Rivière, the smallest 1-bedroom apartment is already 560 square feet – which is almost 20% larger than the common average.
Furthermore, how often do you still see a 2-bedroom unit being sized at more than 800 square feet; a 4-bedroom at more than 2,000 square feet?
There is really nothing much to complain about the size and the efficiency & functionality of the units at Rivière.
But if there’s one thing I have to pick on, it would be the additional balcony spaces for the 3-Bedroom Premium (Type C4) and 4-Bedroom (Type D1). I’m just not a big fan of having a balcony right outside of the master bedroom.
Nonetheless, I am pretty sure that Frasers Property understood the fact that space is luxury in Singapore and if Rivière was to attract the affluent or high net-worth individuals as a luxury condominium, the interior sizes of the apartments have to be significantly larger than the norm.
Excellence in location and connectivity
Just plot out Rivière on the map and you will instantly realize that the development is situated literally right in the center of Orchard Road (the biggest and most prominent shopping area) and Central Business District (CBD).
Thus, whether you craving for some severe retail therapy or heading down to your office every single day, you will be happy to know both locations are just less than 15 to 20 minutes away.
Now, here’s a feedback from a resident in the area.
I have recently spoken to one of my clients, who lives nearby at The Trillium (a condominium along Kim Seng Road. He mentioned that everything is just so convenient in the area.
He enjoyed that fact that he doesn’t need to drive down to the CBD every morning as he will usually take the public bus service (along Kim Seng Road) instead.
For daily necessities such as food and groceries, the Great World City shopping mall would be his and his family’s favorite spot. Otherwise, they will drive out to Orchard Road – which takes less than 20 minutes most of the time.
I am pretty sure that things will get even better for residents at Rivière, or even those in other nearby condos when the Havelock MRT station and Great World MRT station are up and running. It will definitely provide greater convenience for daily commuters around the island.
Comparison with Martin Modern
Any savvy home buyer or investor who is looking at Rivière will, for sure, be making comparisons with Martin Modern – due to the fact that it’s the newest and closest ‘competitor’. By the way, both projects have a tenure of 99 years and are just practically next to the Singapore River.
As you can see, in terms of location, there isn’t really much to set these 2 condominiums apart as they are both just situated right opposite one another across the Singapore River – other than the fact that Rivière is closer to an established shopping mall and an (upcoming) MRT station than Martin Modern.
Thus, in the part of the Rivière review, we will compare these 2 projects based on quality and price.
Space is definitely a luxury in Singapore. And when these 2 developments are being branded as ‘luxury’ condominiums by its developers, we will definitely want to have an overview of what are the unit sizes being offered within these projects.
|2-Bedroom||818 – 840 sqft||764 sqft|
|2-Bedroom + Study||–||850 – 883 sqft|
|3-Bedroom||1,141 – 1,711 sqft||1,012 – 1.421 sqft|
|4-Bedroom||2,002 sqft||1,701 – 1,798 sqft|
For the table above, you can see that there isn’t really any major difference when it comes to unit sizes for both projects.
There may be a slight 10 percent difference for the unit types, which are mostly due to the fact that Rivière has extra balcony space for some of the bigger apartments.
Since we do not have a clear idea of what the Rivière price will be for all of its unit types at this point in time, we are going to review it based on just the psf price.
|Project Name||Tenure||*Average PSF||**No. of Units Sold||Total No. of Units|
|Martin Modern||99-year leasehold||$2,556||326||450|
|*Starting PSF for Rivière / **As on 29 May 2019|
As mentioned earlier, the starting price for Rivière will be $2,580 psf. Which means the units on the higher floor and smaller unit types can go up to $2,700 or even $2,800 psf.
Thus, it’s pretty obvious that Rivière will have a much higher average psf as compared to Martin Modern – at least by 6 to 8 percent more.
This actually makes Martin Modern as a much better proposition if you are not too concerned about having a shopping mall or a little further away from an MRT station. But if convenience is critical to your daily life, then Rivière will be absolutely a no-brainer.
Rivière isn’t just an ordinary private residential property that uses ‘convenience’ as a selling point to prospective homebuyers and savvy investors. It’s truly a remarkable luxury condominium and is a unique class of its own.
On top of the ‘convenience’ factor, Rivière also possesses the essential luxury elements which should be incorporated into a high-end residential property.
However, in terms of quality and for comparison sake, Frasers Property’s Rivière may just come up a little short against GuocoLand’s Martin Modern.
This is solely based on the experiences I had with both developers and had some opportunities along the way to see some of their completed projects over the last few years.
Nevertheless, Frasers Property is still one of the top property developers in Singapore and I personally feel that Rivière is still worth the penny – especially in today’s market.
However, it’s really a shame that Rivière is being planned under District 3 instead of District 9. It does make you feel a little shortchanged when you buy a unit within this new launch near Great World MRT station.
In the meantime, feel free to reach out to me if you need to clear up some thoughts or advice!