Billionaire Quek Leng Chan’s Guocoland Sells 90% Of Prime Singapore Residential Project During Weekend Launch

March 8, 2026 - 21:39

In a strong display of continued demand within Singapore's prime property market, the newly launched River Modern condominium saw the vast majority of its units snapped up over its debut weekend. The project, developed by Guocoland, a real estate arm of billionaire Quek Leng Chan's Hong Leong Group, achieved sales of 410 out of its total 455 apartments.

The sell-out pace for this high-end development, located near the prestigious Singapore River, underscores the sustained appetite for well-located residential projects despite broader economic headwinds and cooling measures. Industry observers note that buyers are increasingly selective, focusing on prime districts, reputable developers, and unique attributes like waterfront living.

The project's appeal is attributed to its strategic location, offering both proximity to the Central Business District and scenic river views. The successful launch adds to recent data pointing toward resilience in specific segments of Singapore's residential market, particularly for developments with distinctive features and strong developer credentials in coveted neighborhoods. Market analysts suggest that such performance highlights a clear bifurcation, where premium assets in core central locations continue to attract significant investor and owner-occupier interest.