The Urban Redevelopment Authority (URA) announced on Friday (Sept 29) morning that it has accepted an application from a developer to put up for sale by tender a prime private housing land parcel, which was the site of the former Zouk at Jiak Kim Street.

The sale was triggered after a developer committed to bid at a price of not less than S$689.4 million for the 13,482 sq m site. It can accommodate 525 apartments in a development up to 36 storeys, with ground floor commercial use (Mixed Development).

On the Jiak Kim Street site, Desmond Sim, Head of CBRE Research, Singapore and South East Asia, noted that the plot will be launched for tender at a minimum price of S$1,250 per sf per plot ratio.

He said it was not surprising its sale was triggered, given the current positivity in Singapore’s residential market.

“Sites offered on the Government Land Sales Programme have always been a more favoured route for developers to procure land as they are offered unencumbered and the process is more straight forward,” he said.

That Jiak Kim is located in a better location is an added incentive, Mr Sim added.

“In addition, developers may be encouraged by the sales performance of developments in the vicinity. This plum site has the advantage of an almost 180-degree view of the Singapore waterfront.

The site has been awarded to TOP Bidder, FCL Residences Pte Ltd (Frasers Property Singapore)

RIVIERE, Cosmopolitan Lifestyle Living Fronting Singapore River. This is an upcoming luxurious residential development by Frasers Property Singapore, designed by award winning SCDA Architects. It is consisting of 2 towers of 36 storeys with 455 apartments, ranging from 1 Bedroom – 4 Bedroom.

Unit Types Unit Sizes (approx. in sqft) %tage

1-bedroom 560 (15%)

2-bedroom 818 – 840 (30%)

3-bedroom 1141 – 1249

3-bedroom premium & deluxe + lift 1507 & 1711 (45%)

4-bedroom deluxe + lift 2002 (8%)

Estimated as at 15 Apr 2019

Areas subject to final BP approval

3-bedroom premium & deluxe + 4-bedroom deluxe have private lifts

Typical Units Ceiling height – 2.85m

36th floor Units Ceiling height – 3.6m

RIVIERE @ Jiak Kim Street

• Premium iconic development along the vibrant Singapore River and contribute to a piece of Singapore’s history
• 3 distinct and unique conservation warehouses within the development will be restored to form part of the rich heritage in its precinct. These would house hospitality such as specialty grocer, F&B, dining, wellness/lifestyle concepts, Serviced Apartments Reception, etc.
• Hospitality Services – Concierge services, Housekeeping and laundry services, and preferential rates for bookings at the Serviced Apartments next to Rivière
• Renowned architect, SCDA
• 5 mins drive to the CBD and10 mins to Orchard Road
• In between 2 future MRT stations – Great World MRT & Havelock MRT along the Thomson East Coast Line (U/C 2021)

 

 

Things you might want to know more about RIVIERE @ Jiak Kim Street District 9

• RIVIERE @ Jiak Kim Street Brochure
• RIVIERE @ Jiak Kim Street Showflat
• RIVIERE @ Jiak Kim Street Location
• RIVIERE @ Jiak Kim Street Price PSF
• RIVIERE @ Jiak Kim Street Floor Plan
• RIVIERE @ Jiak Kim Street Developer Sales

* If you have any question pertaining to your existing property related matters, please do not hesitate to call or drop a mail with non-obligated discussion *

Showflat Appt and Brochure CLICK HERE