A joint venture between Sunway MCL and CSC Land Group has emerged as the highest bidder for the River Valley Green (Parcel C) Government Land Sales (GLS) site, with a tender price of S$750.6 million (approximately RM2.4 billion, or S$1,730 psf ppr) — marking a landmark moment in Singapore’s premium residential property market.
Singapore’s Last GLS Parcel in River Valley
On 18 June 2026, the Urban Redevelopment Authority (URA) confirmed that the joint venture had submitted the highest bid for the River Valley Green (Parcel C) residential site at S$750.6 million — approximately RM2.4 billion at current exchange rates (S$1,730 psf ppr).
This is not just another land win. River Valley Green (Parcel C) is the last Government Land Sales parcel in the coveted River Valley precinct — a scarcity milestone that underscores the site’s exceptional long-term value for homebuyers and investors alike.
If awarded the tender, the joint venture plans to develop the site into a premium high-rise residential project of over 500 units across two 36-storey towers, targeting young families, professionals, multi-generational households, and astute property investors.
Why River Valley Green (Parcel C) Stands Apart
Prime District 9 Location
Situated in one of Singapore’s most established residential precincts, River Valley has long been synonymous with prestige, convenience, and strong capital appreciation. District 9 properties are perennially sought after for their central positioning, mature neighbourhoods, and robust rental demand — and this site ticks every box.
Unmatched Connectivity
The site sits directly next to Great World MRT Station on the Thomson-East Coast Line, giving residents seamless access to the city and beyond. Orchard Road is just one stop away, while the Central Business District (CBD) and Marina Bay are easily reachable — making the location as practical for daily commuting as it is prestigious.
Residents will also benefit from immediate access to the Great World lifestyle mall, which offers extensive retail, dining, and entertainment options right at their doorstep.
Robertson Quay, Clarke Quay & Orchard Road — All Within Reach
Beyond Great World, the development sits within easy reach of Robertson Quay and Clarke Quay, two of Singapore’s most vibrant waterfront lifestyle districts. Orchard Road’s world-class shopping and dining further enrich the everyday living experience for residents.
A Strong Educational Catchment
For families, the site’s proximity to reputable schools is a compelling draw. River Valley Primary School is located adjacent to the site, with Alexandra Primary School and St. Margaret’s Primary School also nearby. This combination of quality education options and excellent connectivity makes the development particularly attractive to families putting down roots in Singapore.
A Partnership Built on a Proven Track Record
The River Valley Green (Parcel C) project will be the second joint venture between Sunway MCL and CSC Land Group, following their earlier collaboration on ELTA along Clementi Avenue 1, which is expected to complete in 2028.
Sunway MCL, Sunway Property’s Singapore operations, brings together 50 years of Sunway’s expertise as Malaysia’s leading Master Community Developer with an established track record in Singapore’s premium residential market — with projects including Nava Grove, Tembusu Grand, The Continuum, Piccadilly Grand, Terra Hills, Leedon Green, and Parc Esta.
CSC Land Group, backed by China State Construction Engineering Corporation (CSCEC) — the world’s largest investment and construction conglomerate — has been building in Singapore since 1992. Today, roughly 1 in every 20 homes in Singapore is built by its parent entity CCDC, with a residential portfolio spanning Grand Dunman, Lentor Central Residences, Parc Greenwich, and more.
“As the last GLS parcel in the River Valley precinct, the site combines strong locational attributes, excellent connectivity and immediate access to a comprehensive range of lifestyle amenities. Its proximity to Great World MRT Station, Orchard Road and reputable schools, together with the maturity of the surrounding neighbourhood, provides a strong foundation for a highly desirable residential development.”
— Mr Lee Tong Voon, Chief Executive Officer, Sunway MCL
“Together, we bring complementary strengths and a shared dedication to this project. Our collaborative partnership enables us to combine expertise, innovation, and craftsmanship to drive the development towards excellence and create dream homes.”
— Mr Qian Liang Zhong, Chairman, China Construction (South Pacific) Development Co Pte Ltd
Investment Appeal: Capital Appreciation and Resilient Rental Demand
River Valley’s enduring appeal among both homebuyers and tenants makes River Valley Green (Parcel C) a compelling long-term investment proposition. The precinct’s:
- Scarcity of new supply — with this being the last GLS site in River Valley
- Prime District 9 address with sustained buyer interest
- Excellent transport links via the Thomson-East Coast Line
- Proximity to lifestyle, entertainment, and employment hubs
- Strong school catchment attracting families and driving sustained rental demand
…all combine to underpin prospects for capital appreciation and resilient rental yields over the long term.
Register Your Interest
River Valley Green (Parcel C) represents a rare opportunity to own or invest in a new launch at Singapore’s last available GLS site in the River Valley precinct.
Learn more about Sunway MCL’s Singapore projects: Sunway MCL
Explore Sunway Property’s Malaysian residential portfolio: Sunway Property
