About The Regalia
The Regalia is a freehold condominium at 2 River Valley Close in District 9 (Orchard, River Valley). It was completed in 1993 and has 116 homes, made up of 112 apartments and 4 penthouses, in a tower of up to 21 storeys. Property directories credit the project to Kanopy Investment, a Far East Organization company.
The estate stands on a corner plot of about 63,371 sq ft where River Valley Close meets River Valley Road. It remains an occupied strata development. Owners put it up for collective sale in 2018, but the estate was not sold and continues to be run by its management corporation.
Interesting facts
The 2018 collective sale tender, handled by CBRE, carried a guide price of $403 million, or about $1,892 per sq ft per plot ratio. The tender closed in September 2018.
Marketing material for that tender highlighted about 150 metres of frontage along two roads, which is unusual for a private residential plot in this area.
The site is zoned residential with a height control of up to 36 storeys. The agent estimated a new scheme could hold around 302 units.
The existing gross floor area is about 213,052 sq ft, which is why little or no development charge was expected for a rebuild to the same size.
Nearby
Great World station (Thomson-East Coast Line) is about 7 minutes on foot. Somerset (North-South Line) is around 8 to 10 minutes via Killiney Road, known for its kopitiams and casual eateries. Great World mall is across River Valley Road. Next-door buildings are Urbana, Euro-Asia Court and The Avenir. River Valley Primary School is under 200 metres away. Fort Canning Park and Robertson Quay on the Singapore River are both walkable.
Key facts
Address: 2 River Valley Close, Singapore 238428
District: 9 (Orchard, River Valley)
Property type: Condominium
Completed: 1993
Developer: Kanopy Investment Pte Ltd (Far East Organization)
Tenure: Freehold
Storeys: up to 21
Units: 116
Site area: about 63,371 sq ft
Nearest MRT: Great World (TEL), Somerset (NSL)
MCST: 1837