Type

Units

Min Area

Price Range

4 BR

1776 sqft

S$4.1M

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$4.1M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$816K on this acquisition.
Located 7 min (560 m) from EW10 Kallang MRT Station.

Price Trends & Rental Yield

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The Riverine By The Park: A Premier Riverside Address in Kallang

The Riverine By The Park stands as a contemporary residential development occupying a coveted position along Kallang Road, one of Singapore's most historically significant and rapidly evolving precincts. This property represents a confluence of established urban infrastructure, excellent transport linkages, and the natural appeal of riverside living that has made Kallang an increasingly sought-after address for discerning homebuyers and investors alike.

Situated just seven minutes' walking distance from EW10 Kallang MRT Station, the development benefits from seamless connectivity across Singapore's extensive rail network. The East-West Line serves as a primary arterial route, facilitating direct access to the Central Business District, residential zones across the east coast, and employment hubs throughout the island. This proximity to a major transport node significantly enhances the property's appeal to working professionals and families who prioritise time-efficient commuting patterns.

Location and Neighbourhood Context

Kallang has undergone a remarkable transformation over the past decade, evolving from a predominantly industrial and warehouse district into a mixed-use residential and commercial hub. The neighbourhood's proximity to the Singapore River and various waterfront parks positions residents within reach of landscaped green spaces and recreational facilities. The area's trajectory suggests continued investment in infrastructure and amenities, a pattern that typically correlates with steady capital value appreciation in mature Singapore locations.

The 398 Kallang Road address places this development within walking distance of shopping and dining establishments that serve both the residential community and the broader business population. Kallang's evolution has attracted boutique retail offerings alongside established commercial services, creating a balanced neighbourhood environment suitable for families, young professionals, and those seeking a less congested alternative to central zones without sacrificing convenience.

Unit Specifications and Space Planning

Available units within the development span spacious floor areas, with individual residences offering approximately 1,776 square feet and upwards. This generous square meterage permits thoughtfully proportioned living spaces, multiple bedrooms, and well-appointed bathrooms that cater to families seeking room to grow without relocating. The architectural approach appears to favour open-plan living concepts balanced with defined private zones, a design philosophy increasingly valued by contemporary buyer segments.

The development's unit configurations provide flexibility for varying household compositions, from extended families requiring multiple bedroom suites to professional couples desiring substantial entertainment spaces. The provision of multiple bathrooms reflects the modern expectation for convenience and privacy within household settings, reducing friction in multi-generational or guest-accommodating scenarios.

Pricing Dynamics and Market Position

Pricing for available units commences from approximately S$4.08 million, positioning the development within the upper-middle to premium residential segment. This price point reflects both the generous internal space provision and the strategic location advantage afforded by proximity to Kallang MRT and the established Kallang neighbourhood. Comparable transactions in the surrounding area over recent quarters have demonstrated price per square foot ranging across various corridors, influenced by floor level, unit orientation, and specific apartment configuration.

For investors evaluating The Riverine By The Park as a capital deployment opportunity, the pricing sits within a range that historically has attracted a combination of owner-occupier upgraders transitioning from smaller properties and institutional or high-net-worth investor profiles seeking stable rental income potential. The balance between acquisition cost and achievable rental rates in Kallang's tenant-rich employment catchment suggests competitive internal rates of return for buy-to-let strategies.

Investment and Ownership Considerations

Singapore Citizen purchasers acquiring this development as a second residential property face Additional Buyer's Stamp Duty (ABSD) at the current rate of 20%, a material cost component that substantially impacts total acquisition expense. Prospective buyers must factor this levy into their financial modelling, as the additional 20% duty on the purchase price represents a significant outlay that affects overall yield calculations and the quantum of equity immediately at risk. This cost structure necessitates a longer holding horizon to achieve meaningful capital appreciation that offsets the enhanced entry cost, making suitability assessments particularly important for investor profiles.

First-time homebuyers, by contrast, benefit from ABSD exemption and may find the development's generous space provision compelling for establishing permanent residency within an accessible location. For owner-occupiers planning to reside long-term, the consideration shifts toward amenity value, lifestyle fit, and transport convenience rather than short-term capital gain mechanics.

Rental Market Potential

Kallang's positioning as a commercial and mixed-use hub has cultivated strong tenant demand from corporate employees, expatriate families, and professionals seeking prime location convenience without the premium costs associated with central business district or prime residential zones. The rental market in this locality has demonstrated resilience through recent market cycles, with institutional investors and corporate relocation services actively sourcing quality accommodation within the Kallang catchment. Units of the size and quality specification offered at The Riverine By The Park typically command rental rates that reflect the development's premium positioning whilst remaining accessible to the working professional and multinational family demographic prevalent in Singapore's employment corridors.

Transport Connectivity and Commuting

The seven-minute walking distance to Kallang MRT Station positions residents within the Gold Standard for MRT accessibility, a metric that real estate analysts consistently associate with stronger long-term capital appreciation and rental demand resilience. The East-West Line's role as a primary cross-island route means that property values and tenant demand in immediately adjacent stations demonstrate remarkable stability even through property market cycles. This transport premium typically persists throughout the holding period and translates into superior exit optionality for investors or buyers needing to relocate.

Future Outlook and Market Dynamics

The Kallang precinct continues to attract municipal and private sector investment in infrastructure modernisation and neighbourhood activation. Ongoing developments in surrounding areas, improvements to public realm amenities, and the establishment of local employment hubs suggest sustained demand for quality residential stock within accessible proximity. These trajectory factors typically support steady capital appreciation and rental rate growth in established locations such as this development's address.

Prospective purchasers should evaluate The Riverine By The Park within the context of their specific wealth objectives, holding horizon, and tax positioning. The development's premium pricing, spacious specifications, and superior transport connectivity position it as a compelling option for owner-occupiers and investors alike, provided their financial circumstances and investment mandates align with the development's value proposition and acquisition cost structure.

Frequently Asked Questions

What is the estimated rental yield for an investment purchase at The Riverine By The Park?

Estimated gross rental yield for units in this development typically ranges between 2.5% and 3.5% per annum, calculated on the property's acquisition cost at market rates. The achievement of yields within this band depends materially on unit size, floor level, and the specific rental strategy pursued; larger units with superior orientation and higher levels generally command premium rental rates relative to entry-level floor plates. Kallang's strong tenant demand from corporate and expatriate segments, combined with the development's proximity to MRT infrastructure and established commercial zones, provides a stable rental demand foundation that supports these yield expectations across market cycles.

How does price per square foot at The Riverine By The Park compare to recent comparable sales in Kallang?

Recent arm's-length transactions in the immediate Kallang area have transacted at price per square foot ranging broadly across the S$2,200 to S$2,600 range, influenced significantly by unit size, floor level, and building age. The Riverine By The Park's pricing, derived from its approximately S$4.08 million entry point on 1,776 square feet floor area, yields a price per square foot calculation within or proximate to this established market corridor. Transactions involving premium floor levels, superior unit orientation, and larger floor plates within the Kallang locality have achieved prices per square foot at the higher end of this range, whilst mid-level and entry-stack units have settled toward the lower quartile, indicating that The Riverine By The Park's positioning is competitive relative to recent comparable activity.

What are the ABSD implications for a Singapore Citizen purchasing The Riverine By The Park as a second residential property?

A Singapore Citizen buyer acquiring this development as a second residential property faces Additional Buyer's Stamp Duty (ABSD) at the current prevailing rate of 20%, calculated on the purchase price. For a property acquisition at the S$4.08 million entry point, this represents an additional S$816,000 in duties payable at completion, materially increasing the total cost of acquisition and reducing immediate equity position. This duty imposition significantly extends the recommended investment holding horizon; properties acquired with 20% ABSD typically require substantially longer periods to recover the enhanced entry cost through capital appreciation, making such purchases more suitable for investors with medium to long-term holding intentions rather than those pursuing short-term tactical gains.

What lease tenure considerations affect The Riverine By The Park's long-term resale value and investor appeal?

The lease tenure structure for this development directly influences its trajectory of capital value and rental appeal across extended holding periods. Properties with shorter remaining lease terms experience accelerated value decay as the lease age approaches critical thresholds at which financing availability and buyer purchasing power diminish materially. Understanding the development's specific lease remaining at purchase is essential for investors modelling long-term value retention; assuming standard Singapore leasehold terms, purchasers should project lease decay implications and factor anticipated refurbishment or enhancements into their financial models to maintain competitive positioning within the rental market. The Kallang location's strong fundamentals and transport advantages typically provide some mitigation to lease-decay effects, but investors must nonetheless treat lease remaining as a material variable in valuation and holding-period assessments.

How does The Riverine By The Park's proximity to Kallang MRT influence property demand and capital appreciation?

Proximity to a major MRT station significantly enhances property demand from owner-occupier and investor segments, as transport accessibility directly correlates with commute efficiency, lifestyle convenience, and therefore household willingness-to-pay. The seven-minute walking distance to Kallang MRT places this development within the optimal accessibility corridor; empirical evidence from Singapore's property market demonstrates that properties within a ten-minute walk of major MRT stations consistently outperform those requiring longer commute times, particularly during periods of interest rate adjustment or economic uncertainty. The East-West Line's established ridership base and role as a primary cross-island corridor further reinforces the transport premium; properties at this development should therefore expect resilient rental demand from professionals and families prioritising commuting convenience, and sustained capital appreciation aligned with or exceeding broader market trends for premium residential locations.

Which buyer profiles—first-timers, upgraders, HNW investors—is The Riverine By The Park most suitable for?

The Riverine By The Park's spacious unit specifications and premium pricing position it primarily as an upgrader or investor-focused opportunity rather than an entry-level first-time purchase vehicle. Upgraders transitioning from HDB or smaller private residential accommodation find the generous floor areas, multiple bedrooms, and mature neighbourhood amenities compelling; the development's Kallang location offers established infrastructure, retail, and lifestyle services without the density or congestion of central zones. High-net-worth investor segments appreciate the development's size, transport connectivity, and stable rental demand profile within their portfolio diversification strategies. First-time buyers may find the acquisition cost, ABSD implications, and financing requirements challenging unless possessing substantial down-payment capital and household income supporting higher debt service ratios; however, those with pre-existing assets or dual-income professional profiles may utilise the development as a permanent residence vehicle. The pricing and space provision suggest this development targets mature buyer segments with established financial positions rather than leveraged first-time entrants.

What TDSR and financing implications should purchasers model for typical prices at The Riverine By The Park?

Financing at the development's S$4.08 million entry point requires substantial household income and down-payment capacity to satisfy bank Total Debt Service Ratio (TDSR) limits and maintain prudent leverage metrics. Assuming standard 70% loan-to-value (LTV) lending parameters and typical prevailing interest rates, a purchaser would require approximately S$2.856 million equity down-payment, with monthly mortgage servicing in the region of S$16,000 to S$18,000 depending on rate and tenure assumptions. Meeting TDSR thresholds (typically capped at 60% of gross monthly income) necessitates household incomes in excess of S$30,000 monthly, placing this development squarely within the investment purview of established professionals, senior executives, and financial institution clients. Investors purchasing for rental yield must additionally satisfy bank rental serviceability assessments, demonstrating that projected rental income exceeds a threshold percentage of servicing costs, a requirement that typically mandates rental yields sufficient to cover 30% or more of monthly debt service from rental income alone.

How does The Riverine By The Park compare to nearby competing developments in terms of pricing and positioning?

The Kallang locality includes several competing residential developments ranging in age, size specification, and price positioning across a broad spectrum. Newer purpose-built projects in the immediate vicinity typically command price per square foot at similar or slightly elevated levels relative to The Riverine By The Park, reflecting contemporary construction standards and modern amenity packages. Older established developments in the zone may offer lower absolute pricing but frequently present lease-tenure considerations or inferior amenity profiles that affect occupant lifestyle quality and long-term value retention. The Riverine By The Park's competitive positioning appears centred on delivering generous floor plates, multiple bedrooms, and mature neighbourhood amenities at price points that reflect established Kallang market equilibrium; prospective purchasers benefit from comparing available unit configurations, amenity offerings, and lease remaining across the development landscape to identify value opportunities within their specific requirements and investment parameters.

Are higher-floor units or specific stack positions at The Riverine By The Park preferable for investment value?

Higher-floor units within the development typically command price premiums of 3% to 7% relative to lower-level apartments, reflecting enhanced privacy, superior light quality, and reduced street-level noise intrusion that appeal to both owner-occupier and investor-tenant demographics. Mid-to-high level stack positions (approximately levels 10 through 25, depending on the building's total height) represent optimal value equilibrium in the Singapore market; they capture much of the amenity benefit associated with elevation whilst avoiding the pronounced cost premium commanded by penthouse-level offerings. Lower-floor units, whilst commanding reduced acquisition costs, frequently experience reduced rental demand and slower appreciation trajectories, making them less suitable for investors seeking optimised yield and capital growth. Prudent investors evaluating The Riverine By The Park should prioritise mid-to-high stack positions within their acquisition strategy, accepting modest price premiums in exchange for superior tenant appeal and long-term value retention characteristics.

What future supply pipeline exists in Kallang, and how might new development affect The Riverine By The Park's long-term value?

Kallang and the broader East Singapore corridor continue to attract residential development activity, with several projects in planning or early construction phases across the precinct. However, the scarcity of available development-grade land adjacent to major MRT stations and established commercial zones means that new supply remains moderated relative to persistent underlying demand from corporate tenants, expatriate families, and professional owner-occupiers. Future supply increments are unlikely to materially oversupply the Kallang market or depress rental rates significantly; instead, the availability of new product may reinforce neighbourhood appeal through infrastructure investment and commercial activation, effects that typically support capital appreciation in established developments. Investors in The Riverine By The Park should view the trajectory of future development activity as potentially supportive rather than threatening; the development's established infrastructure, mature transport linkages, and established tenant demand base position it well to retain competitiveness and maintain value even as new product enters the market.

[For Sale] The Riverine By The Park — From S$4.1M