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Home/District 12 - Balestier, Toa Payoh/RIVIERA 38

RIVIERA 38

District 12RCR999 yrs lease commencing from 1882PropertyGuru

Project Details

Address
MAR THOMA ROAD
Property Type
Apartment
Total Units
102
Est. TOP
2015
Developer
Eastwood Green Pte Ltd
Tenure
999 yrs lease commencing from 1882
Price by Bedroom (median, 3yr)
1-Bed
$735,888
3 txns
2-Bed
$1,360,000
5 txns
3-Bed
$1,758,888
3 txns
Median PSF (3yr)
$1563
11 transactions
Lease too short to normalize meaningfully (under 40yr remaining).

About this number

Normalized PSF uses Bala's Table - the Singapore Land Authority differential premium reference for valuing leasehold against freehold. Bala values a fresh 99-year lease at 96% of freehold; the curve drops non-linearly, reaching ~75% at 50 years remaining and ~60% at 30 years.

Below 40 years remaining we stop normalizing because the curve diverges from market reality once CPF withdrawal restrictions and bank LTV cliffs dominate.

A separate 5% adjustment applies to projects whose lease commenced before 2023, reflecting the older strata-area measurement convention (which counted air-con ledges and bay windows).

Source: Singapore Land Authority differential premium reference (Bala's Table).

Investment Signals

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PSF Trend

Transaction prices per square foot

More projects in District 12 - Balestier, Toa Payoh ->
Last 3 years
  • RIVIERA 38RCR
    Apr 2026 · D12 · 2-Bed · 883 sqft · fl 16-20
    $1,380,000
    $1,563 psf
    — norm
    Resale
  • RIVIERA 38RCR
    Mar 2026 · D12 · 1-Bed · 452 sqft · fl 16-20
    $735,888
    $1,628 psf
    — norm
    Resale
  • RIVIERA 38RCR
    Nov 2025 · D12 · 2-Bed · 743 sqft · fl 11-15
    $1,250,000
    $1,683 psf
    — norm
    Resale
  • RIVIERA 38RCR
    Sep 2025 · D12 · 2-Bed · 743 sqft · fl 06-10
    $1,160,000
    $1,562 psf
    — norm
    Resale
  • RIVIERA 38RCR
    Jul 2025 · D12 · 1-Bed · 549 sqft · fl 06-10
    $720,000
    $1,312 psf
    — norm
    Resale
  • RIVIERA 38RCR
    Jul 2025 · D12 · 1-Bed · 549 sqft · fl 16-20
    $880,000
    $1,603 psf
    — norm
    Resale
  • RIVIERA 38RCR
    May 2025 · D12 · 2-Bed · 883 sqft · fl 11-15
    $1,380,000
    $1,563 psf
    — norm
    Resale
  • RIVIERA 38RCR
    Nov 2024 · D12 · 3-Bed · 1,141 sqft · fl 21-25
    $1,881,500
    $1,649 psf
    — norm
    Resale
  • RIVIERA 38RCR
    Aug 2024 · D12 · 2-Bed · 883 sqft · fl 06-10
    $1,360,000
    $1,541 psf
    — norm
    Resale
  • RIVIERA 38RCR
    Apr 2024 · D12 · 3-Bed · 1,141 sqft · fl 06-10
    $1,758,888
    $1,542 psf
    — norm
    Resale
  • RIVIERA 38RCR
    Jul 2023 · D12 · 3-Bed · 1,141 sqft · fl 11-15
    $1,680,000
    $1,472 psf
    — norm
    Resale
ProjectDistRegionBedFloorAreaPricePSF99yr NormDateType
RIVIERA 3812RCR216-20883$1,380,000$1,563—Apr 2026Resale
RIVIERA 3812RCR116-20452$735,888$1,628—Mar 2026Resale
RIVIERA 3812RCR211-15743$1,250,000$1,683—Nov 2025Resale
RIVIERA 3812RCR206-10743$1,160,000$1,562—Sep 2025Resale
RIVIERA 3812RCR106-10549$720,000$1,312—Jul 2025Resale
RIVIERA 3812RCR116-20549$880,000$1,603—Jul 2025Resale
RIVIERA 3812RCR211-15883$1,380,000$1,563—May 2025Resale
RIVIERA 3812RCR321-251,141$1,881,500$1,649—Nov 2024Resale
RIVIERA 3812RCR206-10883$1,360,000$1,541—Aug 2024Resale
RIVIERA 3812RCR306-101,141$1,758,888$1,542—Apr 2024Resale
RIVIERA 3812RCR311-151,141$1,680,000$1,472—Jul 2023Resale

Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.