Why are buyers and investors buying into River Valley? These are the questions I have been receiving quite a lot lately. River Valley is located in a mixed used area which has commercial offices, buildings and shops and also residential area.
The modern commercial units comprise of Liang Court Shopping that have many Japanese eateries, Great World City a huge shopping centre which is undergoing major revamp in 2020. There are also mixed development like UE Square which have many offices and shops in the same building. There is also a pre-school in the building to cater to working parents in the building. Many variety of restaurants lined up along the River Valley area to accommodate a large pool of expatriate living here.
Redevelopment of River Valley began in the 1960s with a clean-up of the polluted Singapore River. In 1969, then Prime Minister Lee Kuan Yew tasked the Public Works Department and the Public Utilities Board to develop a plan to clean up the river and Singapore’s waterways. By 1983, all the lighter companies were moved from the banks of the Singapore River, as were squatters and hawkers. A major clean-up operation was then implemented.
Under the Urban Redevelopment Authority’s 1991 Concept Plan, the Clarke Quay and Robertson Quay areas along River Valley Road were zoned for entertainment, residential and hotel accommodation purposes. During the 1990s, numerous private condominiums were also built along River Valley Road.
The Iveria condos which is prominently seated in the heart of River Valley is one of the latest launch in Singapore. The developer selectively bought this land as it is located within walking distance to Orchard Road and also River Valley. Nearby condos in this area include The Avenir, The Landmark, 2RVG, Urbana, Kim Yan Heights, Starlight Suites, Belle Vue Residences, RV Point, 8 Martin Residences, Martin Modern.
Nearby attraction include Fort Canning Park, Robertson Quay, Boat Quay, Chinatown, Killiney Road, Liang Court, The Istana and Orchard Road