Press release
GuocoLand to Launch River Modern: 455-Unit Mixed Development in Singapore's District 9
River Modern - Luxury Living Next to Singapore River
The development will comprise 455 residential units across two towers, with commercial retail outlets on the ground floor, and is scheduled for completion in 2030.
Development Overview
River Modern will be situated on an 11,736 square metre site with a plot ratio of 3.5, featuring two residential towers with a maximum building height of 36 storeys.
The development fronts Kim Seng Park and runs along the Singapore River, offering residents access to waterfront views and green spaces.
GuocoLand secured the site through a Government Land Sales tender in February 2025 with a winning bid of $627.84 million, translating to a land rate of $1,420 per square foot per plot ratio.
This represents the highest land rate among the four recent GLS sites in the River Valley and Zion Road area.
Strategic Location and Connectivity
The development will be directly connected to the Great World MRT station on the Thomson-East Coast Line via an underground walkway, providing seamless access to Singapore's MRT network.
Havelock MRT station is located approximately 280 metres from the site. The Great World City shopping mall will also be accessible through the same underground connection.
The location provides direct access to Orchard Road, one MRT stop away, and convenient connections to major interchanges, including Outram MRT (2 stops), Stevens MRT (4 stops), and Marina Bay MRT (5 stops).
For motorists, the Central Expressway and Ayer Rajah Expressway are accessible within five to six minutes.
Developer Background
GuocoLand Limited has been listed on the Singapore Exchange since 1978 and has maintained operations spanning over 45 years across Singapore, China, Malaysia, and Vietnam.
The company's portfolio includes Guoco Tower, which houses Wallich Residence, and the Sofitel Singapore City Centre, as well as recent residential projects including Lentor Modern, Midtown Modern, Midtown Bay, Lentor Mansion, and Springleaf Residence.
River Modern marks GuocoLand's second major residential development in the River Valley area, following Martin Modern.
Surrounding Amenities
River Valley Primary School is located within a 1-kilometre radius of the development, qualifying families for priority admission under the Ministry of Education's distance-based allocation system.
Several additional primary schools fall within a 2-kilometre radius, including Alexandra Primary School, CHIJ Kellock, Cantonment Primary School, and Anglo-Chinese School (Junior).
The area hosts multiple international schools around the River Valley neighbourhoods, including Dimensions International College, Astor International School, and Invictus International School, among others.
Healthcare facilities in proximity include Singapore General Hospital Campus, accessible in two MRT stops, and Health City Novena, located three stops from the Great World MRT station.
Retail and Lifestyle Options
Zion Riverside Food Centre is within walking distance of the development, while Great World City shopping centre provides retail, dining, and entertainment options.
The surrounding area includes Robertson Quay, Clarke Quay, and Boat Quay, which offer waterfront dining and entertainment venues.
Kim Seng Park, adjacent to the development, provides fitness equipment and lawn areas for outdoor recreation.
The Singapore River waterfront promenades offer jogging, cycling, and walking paths connected to the broader park connector network.
Market Pricing Context
Based on land cost and recent pricing trends in the Core Central Region, industry analysis suggests River Modern's launch prices are expected to range between $3,100 to $3,300 per square foot.
This pricing would align with recent launches in the vicinity, including River Green (average launch price of $3,130 per square foot with 87.8% sold on launch date in August 2025) and Zyon Grand (average launch price of $3,050 per square foot with 83.6% sold on launch date in October 2025).
The site's land acquisition cost reflects its coveted position fronting Kim Seng Park and the Singapore River.
Among recent GLS sites in the area, River Modern's land rate of $1,420 per square foot per plot ratio exceeds River Green ($1,325), Promenade Peak ($1,304), and Zyon Grand ($1,202).
Regional Planning Context
The Urban Redevelopment Authority Draft Master Plan 2025 identifies River Valley as part of broader Central Area development strategies.
The plan focuses on enhancing the Singapore River corridor with upgraded promenades, creating public spaces for community interaction, and promoting mixed-use developments that integrate residential, commercial, and recreational facilities.
Infrastructure improvements outlined in the plan include enhanced pedestrian and cycling networks connecting to city-wide infrastructure, aimed at reducing reliance on private vehicles while improving accessibility.
Market Trends
Recent data indicate a narrowing price differential between the Core Central Region and other areas.
Over the past decade, the price premium for CCR new launches compared to the Rest of Central Region decreased from 55.12% to 5.16%, while the premium compared to the Outside Central Region decreased from 96.91% to 37.23%.
This compression has generated renewed interest in prime district properties. Recent District 9 and 10 launches, including Upperhouse at Orchard Boulevard, The Robertson Opus, and Skye at Holland, have achieved sales rates of 75.42%, 56.03%, and 99.1%, respectively, as of January 12, 2026.
Historical Context
The River Valley area has evolved from its 19th-century origins as a residential enclave for wealthy merchants into a contemporary urban neighbourhood.
Historical buildings, including the Church of Saint Bernadette and Sri Thendayuthapani Temple, along with conserved shophouses, remain integrated within the modern development landscape.
The Singapore River's conserved warehouses have been repurposed for commercial uses, including shopping malls, offices, and hospitality venues such as The Warehouse Hotel.
About GuocoLand Limited
GuocoLand Limited is a real estate developer operating in Singapore, China, Malaysia, and Vietnam. The company has been listed on the Singapore Exchange since 1978 and maintains a portfolio of residential, commercial, and integrated developments across the region.
More on River Modern:
https://sghomeinvestment.com/river-modern-condo-review-investment-analysis-market-insights/
Media Contact:
Sg Home Investment
Website: https://sghomeinvestment.com
10 Pasir Panjang Road, Singapore 117438
Sg Home Investment is an online resource providing property reviews, investment guides, and market insights on Singapore's real estate sector. Its content is structured to help readers understand new project launches, housing policies, and investment considerations in a clear and structured manner.
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