Riverbay
Riverbay is an apartment in District 12 (Balestier / Toa Payoh), in the Rest of Central Region. In the 12 months to August 2026, the median price was S$1,611 psf from 14 sales.
At a glance
- District
- District 12 (Balestier / Toa Payoh)
- Region
- Rest of Central Region
- Type
- Apartment
- Tenure
- 999-year lease from 1882, about 855 years left
- Completed
- 2014, about 12 years old
What the prices say
The median home in Riverbay sold for S$1,004,000: the middle of 14 sales in the 12 months to August 2026.
That is about the same as the middle condo project in District 12 (Balestier / Toa Payoh) (S$1,590 psf, across 78 projects), within 2%. By price per square foot it ranks 17th of the 21 projects in the district that have a price to show, where 1st is the highest.
Year by year, the median was S$1,303 psf in 2021 (8 sales) and S$1,611 psf in 2026 so far (12 sales), up about 24%. The highest year in the record was 2025 at S$1,592 psf.
Floor made little difference: floor 21 and above sold at S$1,626 psf against S$1,592 psf on floors 16 to 20 (24 months).
By unit size (24 months): under 600 sq ft at S$1,629 psf, 600 to 899 sq ft at S$1,555 psf and 900 to 1,199 sq ft at S$1,623 psf. Price per square foot was similar across sizes.
Against similar projects in the district
This project and the three others in District 12 (Balestier / Toa Payoh) whose median over the last 12 months is closest to Riverbay's S$1,611 psf. They are chosen by price per square foot, not by distance, so they may not be neighbours.
Their middle figure is S$1,608 psf, the same as Riverbay.
| Project | Median price per sq ft | Sales |
|---|---|---|
| Riverbay | S$1,611 psf | 14 |
| Oleander Towers | S$1,608 psf | 12 |
| Va Residences | S$1,597 psf | 5 |
| D'Lotus | S$1,635 psf | 6 |
What sells here
14 homes sold in the last 12 months, up from 9 in the 12 months before.
The most common size was under 600 sq ft, with 8 of the 23 sales in the last 24 months.
None of the 23 sales in the last 24 months were first sales of new units: all 23 were resales.
The first new sale in our records was in April 2013.
Rents and yield
Rental contracts that began in the 12 months to August 2026 had a median rent of S$2,720 a month (33 contracts). The district's median across every contract was S$3,700, so rents here ran well below it: about 26% lower.
Over the 24 months the median rent was S$2,775 (62 contracts), about the same as the latest 12 months, within 2%.
By bedrooms: 1 bedroom S$2,550 (23) and 2 bedrooms S$3,625 (8). The figure in brackets is the number of contracts.
Setting rent against price for under 600 sq ft homes (23 rentals and 6 resale or sub-sale transactions) gives a gross yield estimate of 4.3%: a median rent of S$2,550 a month against a median price of S$720,000. It is before maintenance, vacancy, tax and loan costs, and it uses middle values, so a particular home can differ.
Age and lease
13 other projects in District 12 (Balestier / Toa Payoh) were completed within 5 years of Riverbay and have a price. Their middle price was S$1,858 psf, so Riverbay sold noticeably below projects of a similar age: about 13% lower.
The title is a leasehold, so the years remaining shrink each year. The leases and tenure entry in the glossary explains what that means for a buyer.
Leases and tenure in the glossary
What this page cannot tell you
A median is the middle of many different homes in Riverbay. It does not describe one unit: its condition, facing, view, renovation, floor or stack can each move a price well away from the middle, and none of them is in the records behind this page.
The figures are recorded transactions, so they describe what has sold and not what is on the market now. They are not a valuation, and they say nothing about future prices.
Questions this page answers
What is the median price per square foot in Riverbay?
S$1,611 psf in the 12 months to August 2026, from 14 sales. For the median home that is S$1,004,000.
How many homes sold in Riverbay?
14 in the last 12 months and 23 in the last 24 months, across all sale types.
What do homes in Riverbay rent for?
The median rent for contracts that began in the 12 months to August 2026 was S$2,720 a month, from 33 contracts.
What is the rental yield in Riverbay?
Between 4.3% and 4.3% gross, depending on unit size. It is an estimate before costs, made from the median recorded rent and the median resale or sub-sale price for each size range.
How much lease is left in Riverbay?
It is a 999-year lease from 1882, which leaves about 855 years at 2026.
Figures from URA data, 12 months to August 2026. Rents to August 2026. General information, not financial advice.
The figures
Sale prices
| Period | Median price per sq ft | Median price | Sales |
|---|---|---|---|
| Last 12 months | S$1,611 psf | S$1,004,000 | 14 |
| Last 24 months | S$1,599 psf | S$1,050,000 | 23 |
| Last 5 years | S$1,548 psf | S$998,000 | 59 |
Source: URA data. Data as of August 2026.
Price by year
| Year | Median price per sq ft | Sales |
|---|---|---|
| 2021 | S$1,303 psf | 8 |
| 2022 | S$1,479 psf | 9 |
| 2023 | S$1,532 psf | 20 |
| 2024 | S$1,548 psf | 6 |
| 2025 | S$1,592 psf | 9 |
| 2026 (to August) | S$1,611 psf | 12 |
Each year is the median over the sales recorded in it. Source: URA data. Data as of August 2026.
Price by floor range
| Floor range | Median price per sq ft | Sales |
|---|---|---|
| Floors 16 to 20 | S$1,592 psf | 8 |
| Floor 21 and above | S$1,626 psf | 8 |
Price by unit size
| Size | Median price per sq ft | Sales |
|---|---|---|
| Under 600 sq ft | S$1,629 psf | 8 |
| 600 to 899 sq ft | S$1,555 psf | 7 |
| 900 to 1,199 sq ft | S$1,623 psf | 8 |
The floor is the storey recorded in each sale. Source: URA data. Sales in the 24 months to August 2026. Data as of August 2026.
Rent against price for Riverbay, by size
Rents
| Period | Median rent | Contracts |
|---|---|---|
| Last 12 months | S$2,720 a month | 33 |
| Last 24 months | S$2,775 a month | 62 |
| Bedrooms | Median rent, 12 months | Contracts | Median rent, 24 months |
|---|---|---|---|
| 1 bedroom | S$2,550 a month | 23 | S$2,550 a month |
| 2 bedrooms | S$3,625 a month | 8 | S$3,400 a month |
| 3 bedrooms | Under 5 contracts | 2 | S$4,150 a month |
| 4 or more bedrooms | Under 5 contracts | 0 | Under 5 contracts |
Source: URA data, rental contracts. Rents are the median of the contracts that began in the period. Data as of August 2026.
Where to look next
- Work out the stamp duty on a purchase at these prices (Free, no sign-in)
- How buyer stamp duty works
- Loan limits: how much a bank can lend
- The cooling measures, including additional stamp duty
- Other condos in District 12 (Balestier / Toa Payoh)
- Rents for every district, by size
- Rent against price for Riverbay, by size
- Leases and tenure in the glossary
What could a unit here sell for?
Condo Atlas can give an indicative value for a unit in Riverbay, with a likely range and the recent sales behind it. Sign in is free.
Open Riverbay in Condo AtlasOther condos in District 12 (Balestier / Toa Payoh)
- Riverside Melodies
- Riviera 38
- Rocca Balestier
- Ruby Apartments
- Ruby Plaza
- Scenic Heights
- Shan Court
- Shan Gate Apartments
- Spring Mansion
- St Francis Court
- St Francis Lodge
- St Michael'S Court
About the data
Figures are medians of transactions recorded by URA, over the periods shown, and a figure appears only when at least 5 records sit behind it. Sale figures: data as of August 2026. Rent figures: data as of August 2026. Swee Homes is not affiliated with URA or Condo Atlas. General information, not financial advice.