RiverGate was launched in mid-2005 at an average price of $1,080psf and 90% of the 370 units in the first two phases were sold by August 2006.
The final phase of 175 units was sold at an average of $1,600 psf.
Patricia Chia, CEO of CapitaLand Residential, said:
‘Foreign home buyers account for about two-thirds of the buyers. They are from other Asian countries, Europe and the US.’ RiverGate has the distinction of being accorded ‘landmark’ status by the Urban Redevelopment Authority for its location and ‘cutting-edge architectural design’.The development also saw international funds managed by Ferrell Asset Management, buy 100 units for $182 million.
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