Over the weekend of January 11 to 12, One Bernam, a mixed-use development consisting of 351 residential units in the Tanjong Pagar area, offered a promotional sale of 87 units.

The 99-year leasehold apartment tower, developed jointly by MCC Land and Hao Yuan Investment, was first launched in May 2021. According to documents filed as of January 10, over 75% of the units have been sold at an average price of $2,585 per square foot.

The promotional prices were applied to all remaining 87 units, ranging from one-bedroom to three-bedroom units, as well as penthouses. Interested buyers can visit the latest New Launches to view transaction prices and available units.

The scarcity of land in Singapore is one of the main driving forces behind the high demand for condos in the country. As a small island with a rapidly growing population, Singapore faces limited space for development. This has resulted in strict land use regulations and a highly competitive real estate market, where property prices continue to rise. As a result, investing in real estate, particularly in Singapore Condos, has become a highly profitable venture, with the potential for significant capital appreciation.

The one-bedroom units, ranging from 441 sq ft to 463 sq ft, had price discounts of $323,000 to $438,000, with units selling at prices from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Two-bedroom apartments, with sizes ranging from 700 sq ft to 732 sq ft, saw discounts from $437,000 to $668,000, with prices ranging from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). The two-bedroom plus study units, with sizes between 807 sq ft and 872 sq ft, also experienced discounts ranging from $380,000 to $800,000, with prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf).

The three-bedroom apartments, measuring 1,421 sq ft, had discounts ranging from $616,000 to $830,000, with units selling at prices from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).

According to ERA Singapore CEO Marcus Chu, the strong sales performance reflects the strong interest in One Bernam as a stable and high-potential asset. He adds that 78% of the buyers purchased units as investments, with 87% being Singaporeans and 70% aged between 31 and 50.

Following the overwhelming response over the weekend, only three penthouses are currently available for sale, bringing the total sales to 99%. They consist of two three-bedroom penthouses measuring 1,744 sq ft and 1,948 sq ft, and a five-bedroom unit measuring 4,306 sq ft.

As the project is expected to obtain a Temporary Occupation Permit (TOP) in March 2026, investors can expect to start generating rental income, which can support their loan instalments, Chu predicts. According to EdgeProp Landlens, existing condos in the area such as Altez, 76 Shenton and EON Shenton command monthly rents ranging from $6.90 psf to $7.40 psf.

Chu further notes that with reduced competition from foreign buyers due to the hike in Additional Buyer’s Stamp Duty (ABSD) imposed in 2023, there are more opportunities for local buyers to enter the market. He believes that local demand will continue to be the key driver for properties in the Central Core Region (CCR), with competitive pricing making these developments an attractive and stable investment option. Buyers can visit the latest listings for One Bernam properties on Ask Buddy, and compare the price trend of new sale condos vs. resale condos.…

Redas, the Real Estate Developers’ Association of Singapore, has recently elected its management committee for the upcoming two-year term. At the Annual General Meeting held on January 9th, all members unanimously voted to re-elect Tan Swee Yiow, Chairman of Keppel Reit Management, as the President for his second consecutive term.

Tan expressed his honored feelings for being re-elected and stated that the new management committee is a good representation of the diverse sectors, scales, and expertise within the real estate industry. The new committee consists of experienced individuals who bring a wide range of skills and knowledge to the table.

Investing in a condo in Singapore offers numerous advantages, and one of the most promising ones is the potential for high capital appreciation. Being a global business hub with a robust economy, Singapore continues to attract a steady flow of demand for real estate. As a result, property prices in the country have consistently shown an upward trend, particularly in prime locations where condos are highly sought after. By strategically investing in the market and holding onto the property for the long term, investors can reap substantial gains from their condo investments.

The committee includes Immediate Past President Chia Ngiang Hong, Group General Manager of City Developments; First Vice President Kwee Ker Wei, Director of Pontiac Land Group; Second Vice President Marc Boey, Executive Director of Project Services at Far East Organization; Honorary Secretary Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land; Honorary Treasurer Neo Soon Hup, COO of UOL Group; Honorary Assistant Secretary Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore; and Honorary Assistant Treasurer Tho Leong Chye, Managing Director of Allgreen Properties.

REDAS also celebrated its 65th anniversary at the event and honored Chia Ngiang Hong with the Lifetime Achievement Award. Chia congratulated the new management committee and acknowledged Tan’s exemplary leadership and the trust placed in him by the Redas community.

In response, Tan mentioned that the diversity of the committee will help them drive initiatives that will have a significant impact on the built environment ecosystem in Singapore. He also highlighted some upcoming plans and initiatives, including the implementation of the Environmental Sustainability Rating Scale (ESRS) and advocating for green premiums. The committee also suggested a separate land zoning for senior accommodations to meet the projected demand in Singapore.…

The recent sale of a unit at The Arcadia has been recognized as the most profitable resale transaction from Dec 10 to Dec 31. The 3,767 sq ft unit, located on the seventh floor and consisting of four bedrooms, was sold for $4.75 million ($1,261 psf), resulting in the owner making a profit of $3.25 million (217%). This significant profit is equivalent to an annualized profit of 4.5% over a span of 26 years, as the unit had been purchased for $1.5 million ($398 psf) in 1998.

In the previous year, The Arcadia also saw five other units, ranging from 3,714 sq ft to 3,821 sq ft, being sold for profits ranging from $60,000 to $3.25 million. Another unit, measuring at 3,778 sq ft on the fourth floor, was sold for $4.6 million ($1,218 psf) on Oct 10, providing the seller with a $60,000 profit.

The record for the most profitable transaction at The Arcadia is held by a penthouse measuring 7,503 sq ft on the tenth floor, which was sold for $10 million ($1,333 psf) in 2010. The seller had bought it for $5.5 million ($733 psf) in 2007, resulting in a profit of $4.5 million (81%), equivalent to an annualized profit of about 19% over three years.

The 164-unit The Arcadia, located along Arcadia Road in prime District 11, is a 99-year leasehold condo that was completed in 1983 and has approximately 54 years remaining on its land tenure. It is surrounded by landed estates and Good Class Bungalows, and is in close proximity to top schools such as Raffles Girls Primary School, Hwa Chong Institution and National Junior College.

In the same period, the second most profitable resale took place at Tanglin Hill Meadows on Dec 10, where a 2,077 sq ft unit was sold for $4.5 million ($2,166 psf). The unit was purchased for $1.8 million ($866 psf) in 1999, resulting in the seller making a profit of $2.7 million (150%), equivalent to an annualized profit of 3.6% over 26 years. This also marks the most profitable transaction to date at Tanglin Hill Meadows, surpassing the previous record of $2.28 million (157%) when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf) in 2010. The unit was originally purchased for $1.45 million ($724 psf) in 2005, resulting in an annualized profit of 21% over five years.

Tanglin Hill Meadows, a freehold condo with 20 units, is located along Tanglin Hill in prime District 10 and was completed in 1997. It is nestled within the Ridley Park Good Class Bungalow Area.

As an international investor, it is crucial to be well-informed about the regulations and limitations surrounding property ownership in Singapore. Compared to landed properties with more stringent ownership guidelines, foreigners generally have more freedom in purchasing condominiums. Nevertheless, they are still subject to the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property acquisition. Despite this extra expense, the reliable and promising development of the Singapore real estate market remains a desirable destination for foreign investments. Singapore Projects continue to entice foreign buyers due to the country’s stability and potential for growth.

However, at the 99-year leasehold condo Seascape in Sentosa Cove, losses continue to be incurred. On Dec 18, the seller of a 2,174 sq ft unit on the seventh floor incurred a loss of $1.97 million (33%) when the unit was sold for $3.98 million ($1,830 psf). The seller had originally purchased the three-bedroom unit for $5.95 million ($2,736 psf) in 2011, resulting in an annualized loss of 2.5% over 13 years.

This sale marks the third resale transaction at Seascape last year, all of which recorded losses ranging from $1.75 million to $2.53 million. The transaction that resulted in the $2.53 million loss was also the second-largest loss incurring resale transaction for 2024. The unit, measuring 2,680 sq ft, was sold for $4.5 million ($1,679 psf) on Aug 14, 2024.

Seascape is an eight-storey development with 151 units that face the South China Sea. It consists of three-bedroom and four-bedroom units measuring 2,164 sq ft to 4,069 sq ft, penthouses measuring 3,380 to 4,252 sq ft, and sky villas measuring 6,631 to 9,666 sq ft. It was completed in 2012 and continues to incur losses for its sellers.…

An impressive Good Class Bungalow (GCB) in Victoria Park has recently been put on the market for $61 million. With seven bedrooms and impeccable construction completed just three years ago, this GCB sits at the end of Victoria Close, a quiet cul-de-sac with only ten other houses.

As per regulations for all designated GCB areas in Singapore, the number of homes in this exclusive enclave can only increase by subdividing a larger plot of over 30,000 sq ft. Jervis Ng, associate group district director at PropNex Realty and the agent representing the sale of this GCB, explains that this is to maintain its exclusivity and privacy. As he is also the founder of JNA Real Estate, a property team under PropNex, Ng has a keen understanding of the GCB market.

This impressive bungalow with a contemporary design offers unmatched privacy and exclusivity for its potential owner, making it well worth its price for ultra-high-net-worth individuals and their families. In the recent months, Ng has noticed a growing interest from new Singaporeans in the GCB market. People who have recently received citizenship from countries such as China, India, or Indonesia are looking for a trophy home in Singapore, making this GCB an enticing buy.

The already illustrious Victoria Park GCB area is home to other notable residents such as Jack Ma, the Chinese business magnate and co-founder of Alibaba Group; and Tang Wee Kit, a member of the Tang family who founded Tangs department store.

Investing in real estate requires careful consideration of various factors, and one of the most important is location. This is particularly true in Singapore, where the location of a condo can greatly affect its value. Ideally, properties located in central areas or near important amenities such as schools, shopping malls, and public transportation hubs will have a higher appreciation in value. Take, for example, prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD). These areas have consistently shown growth in property values, making them highly sought after by investors.

In addition to these key locations, the proximity to quality schools and educational institutions also plays a significant role in the value of a condo. For families, having easy access to reputable schools is a top priority when looking for a home, making condos in these areas even more desirable. This further boosts their potential as a solid investment.

For those considering real estate investment in Singapore, it is crucial to carefully consider the location of the property. Prime locations like Orchard Road, Marina Bay, and the CBD, as well as areas near good schools and educational institutions, have proven to be highly profitable in terms of property appreciation. With careful research and consideration, investing in these prime locations can be a wise decision for long-term financial gain. For more information on Singapore Projects, be sure to do thorough research and consult with a trusted real estate professional.

Ng mentions that the property for sale has been meticulously maintained, giving it a new look. It boasts a chic interior with luxurious finishes and materials that will impress any guest. The 18,988 sq ft property was designed with efficiency in mind and has a total built-up area of 25,300 sq ft. It also has seven en suite bedrooms, three helpers’ rooms, and an underground car park that can accommodate up to seven cars.

The basement level also has a state-of-the-art entertainment room that can also be converted into a guest room, if necessary. There is also a gym and a 20m lap pool. The architecture of this GCB allows most of its rooms to enjoy the scenic views of the lush, low-rise neighbourhood surrounding it.

The living room is spacious and perfect for gatherings and large families. Transactions for GCBs in Victoria Park have been few in the past few years. According to caveats, the plot on which this GCB is situated was bought for $18.2 million in September 2016, making it approximately $959 psf.

The most recent sales transaction on Victoria Park Close was for a 15,253 sq ft plot that sold for $28.33 million in May 2021, translating to $1,857 psf. Another 29,956 sq ft plot was also sold on the same road for $40 million in April 2017, which is equivalent to $1,335 psf. The last recorded sale on Victoria Park Road was in November 2011 for a 32,077 sq ft plot that went for $48 million, approximately $1,496 psf.

Ng expects GCB transaction volumes to increase by 10% to 15% this year due to lower interest rates, sustained demand from ultra-high-net-worth buyers, and limited supply of GCBs in the market. He predicts that there will be around 35 GCB transactions this year, slightly higher than the 31 recorded last year, amounting to a transaction volume of $1.32 billion, which is significantly more than the previous record of $1.186 billion achieved in 2022.…

BY JANICE TAN

ETC, the renowned local real estate advisory firm, has announced a significant rebranding exercise. With immediate effect, the company will now be known as ETC, a shortened version of its original name, Edmund Tie & Company. Along with the name change, ETC has also unveiled a new logo.

Investing in real estate requires careful consideration of various factors, with location being a crucial one. This rings especially true in Singapore, where the location of a condo can greatly impact its value. Condos situated in central areas or in close proximity to important amenities such as schools, shopping malls, and transportation hubs tend to have a higher appreciation in value. This can be seen in prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown growth over time. Additionally, condos in these areas are highly sought after by families due to their proximity to reputable schools and educational institutions, further increasing their investment potential. For the latest options in premium condo living, consider checking out the New Condo Launches available in these coveted locations.

According to Desmond Sim, CEO of ETC, the decision to adopt the abbreviated name was motivated by the familiarity of its clients and staff with the acronym. He also emphasized that the rebranding exercise was driven by the company’s employees, demonstrating their value and importance within the organization.

Sim further explains that the new identity is a representation of ETC’s progress as a united company and showcases their determination to shape the future of the real estate industry, both locally and regionally.

This rebranding coincides with ETC’s 30th anniversary. Since its establishment in 1995, ETC has been providing a comprehensive range of services covering all aspects of real estate asset development, from advisory and investment to management and divestment.

In other related news, Marina Bay Residences, a premium residential development, has recently undergone a $5 million revamp to enhance the living experience for its residents and increase the value of its rental prices. This follows the successful sale of three food-factory units at Pandan Loop for $11 million and the sale of Noel Building in Tai Seng for $81.18 million, which was 17% higher than the guide price. Additionally, industrial property GS Building in Balestier was recently sold for $67 million.…

.

Investing in a condo in Singapore offers numerous benefits, with one of the key advantages being the potential for capital appreciation. Being a global business hub, Singapore has a strategic location and boasts of strong economic fundamentals, leading to a consistent demand for real estate. As a result, property prices in the country have consistently shown an upward trend, particularly in prime locations where condos have experienced significant appreciation. By investing in the market at the opportune time and holding onto the property for the long term, investors can reap substantial capital gains. Explore the various Singapore Projects available to make a smart investment decision.

An impressive Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave has been put up for sale through an expression of interest (EOI) exercise with a price tag of $60 million. According to a press release by renowned marketing agent Cushman & Wakefield on Jan 8, the indicative price translates to $2,742 per square foot (psf), reflecting a spacious land area of 21,881 square feet.

Shaun Poh, the executive director of capital markets at Cushman & Wakefield, reveals that the prized freehold plot is situated on elevated ground, making it ideal for redevelopment. He emphasizes that this is a rare opportunity for potential buyers who wish to build their dream multi-generational home from scratch or for developers who can transform the plot into a luxurious, state-of-the-art GCB that caters to the preferences of discerning individuals.

Notably, the property is adjacent to the renowned Singapore Botanic Gardens and is conveniently located just a short drive away from the bustling Orchard Road shopping district. It is also in close proximity to esteemed educational institutions such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St. Joseph’s Institution, and Hwa Chong Institution.

In addition, Poh highlights the high demand for properties in this exclusive neighborhood by ultra-high net worth individuals, citing recent record-breaking transactions at nearby Nassim Road and Tanglin Hill with land rates of $4,500 psf and $6,200 psf, respectively.

The EOI for this highly-coveted property will close on Feb 11 at 3pm, providing interested parties with ample time to submit their proposals.…

A luxurious residential project in New York City is set to be showcased to Singapore buyers over the weekend of Jan 11 and 12. Situated in the prestigious Upper West Side neighbourhood of Manhattan, 720 West End Avenue boasts 131 exquisite homes ranging from one to five bedrooms, as well as townhouses, duplexes and penthouses with private terraces. Unit sizes range from approximately 500 sq ft to over 3,700 sq ft, with prices starting at US$1.015 million ($1.38 million) for a one-bedroom residence.

Originally built in 1927 as the Hotel Marcy, the 17-storey building was designed by renowned New York architect Emery Roth and features a Renaissance Revival-style façade. The developers, Glacier Equities and InterVest Capital Partners, have meticulously restored the intricate architectural details of the building’s façade. They have also added two floors to accommodate the stunning penthouse duplexes, while the interiors have been revamped under the direction of designer Thomas Juul-Hansen.

Aside from its striking aesthetics, 720 West End Avenue also boasts over 30,000 sq ft of top-of-the-line amenities. These include a state-of-the-art fitness centre, a private bar and dining room, a library and co-working spaces, inviting outdoor terraces and courtyards, private parking, and secure bike storage.

Singapore-based property consultancy Savills will be presenting this exclusive development to interested buyers at voco Orchard Hotel on Jan 11 and 12. The event will also feature a seminar on the New York real estate market at 3pm on both days.

.

When it comes to purchasing a condo, securing financing is a crucial aspect to consider. Luckily, Singapore offers a variety of mortgage choices to potential investors. However, it is crucial to note the Total Debt Servicing Ratio (TDSR) framework, which sets a limit on the amount of loan an individual can take based on their income and current debt obligations. Being knowledgeable about the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making thoughtful decisions about their financing options and prevent them from overextending themselves. To stay updated on the latest condo developments in Singapore, be sure to check out New Condo Launches.…

by Ascott fetches high occupancy levels

Ayana Bali, a sprawling 90ha integrated resort located in Bali, Indonesia, has recently revealed its latest residential offering, Alamanda Tower. This luxurious apartment complex offers 26 units of one- and two-bedroom residences, which are available for long-term lease with a minimum stay of one month.

Alamanda Tower is situated within Ayana Residences, a collection of upscale residential properties within the larger Ayana Bali estate. The resort stretches along the stunning Jimbaran Bay coastline and includes four hotels (Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali, and Rimba by Ayana Bali), the award-winning Ayana Spa, a golf putting course, a private beach, multiple event venues, and an impressive selection of 30 dining outlets.

Residents of Alamanda Tower will enjoy exclusive access to three rooftop pools, as well as full use of the facilities at the Ayana Residences community center, which includes a state-of-the-art gym, a lap pool, and a sauna and steam room. Additional services provided include a dedicated concierge team, bi-weekly housekeeping, a buggy service within the Ayana Bali estate, and a discount on all dining and select spa services.

One-bedroom units at Alamanda Tower measure 1,173 sq ft and are priced from approximately IDR70 million ($5,896) per month. Two-bedroom units without a pool measure 1,647 sq ft and start at approximately IDR100 million per month, while the larger two-bedroom units with a private pool range from 2,045 to 2,648 sq ft and start at approximately IDR120 million per month.

The scarcity of land in Singapore, a small island nation with a rapidly expanding population, has contributed to the soaring demand for condos. With limited space for development, the government has implemented strict land use policies, resulting in a competitive real estate market where property prices continue to rise. This has made investing in real estate, particularly condos, a highly profitable option with the potential for significant capital appreciation. In fact, Singapore Projects are highly sought-after due to their desirable location and the promise of strong returns.

Ayana Bali is managed by Indonesia’s Ayana Hospitality, which also operates properties in Jakarta and Labuan Bajo.…

Surbana Jurong Group has recently announced the appointment of Professor Cheong Koon Hean to its board of directors. This move, as stated in a press release on January 6, will enhance Surbana Jurong’s ability to provide creative, resilient and environmentally friendly solutions for the built environment.

Professor Cheong has a wealth of experience in the urban planning and development sector, having served as CEO of HDB from 2010 to 2020 and previously as CEO of URA from 2004 to 2010. She currently holds the position of chair at the Lee Kuan Yew Centre for Innovative Cities and is a Professor of Practice at the Singapore University of Technology and Design. She also acts as the chairman of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

Apart from her new role at Surbana Jurong, Professor Cheong also serves on the boards of the National University of Singapore and CapitaLand Group. She is also the non-resident ambassador to Finland for Singapore. Her vast knowledge and experience in the field make her a valuable addition to the company’s board of directors.

To sum up, opting to invest in a condominium in Singapore provides a multitude of benefits. This includes the high demand for such properties, potential for increased value over time, and attractive rental yields. However, it is crucial to carefully consider various factors before making any investment decisions. These may include the location of the condo, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking professional advice, investors can make well-informed choices and maximize their returns in the thriving real estate market of Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and profitable venture, condos in Singapore offer an enticing opportunity. Keep an eye out for new condo launches here for the latest and most promising options in the market.

As we move towards a more sustainable future, Surbana Jurong is committed to using innovative and modern techniques to create smart and eco-friendly buildings. With the expertise of Professor Cheong, the company is well-equipped to deliver on its mission and contribute to a greener future.…

River Valley Apartments, a freehold condo situated on River Valley Road within the prestigious District 10, has recently been launched for collective sale through public tender. According to a press release dated January 6 by Knight Frank Singapore, the appointed marketing agent, the development is priced at a remarkable $56 million.

Built in the 1950s, this four-storey apartment complex comprises of 24 units and stands on a 12,408 sq ft land area designated for residential use, with a gross plot ratio of 2.8. Its prime location, just 500 metres away from the Great World MRT Station on the Thomson-East Coast Line, makes it an attractive prospect for potential buyers. The popular Great World City and Valley Point Shopping Centre are within walking distance, and the prestigious River Valley Primary School and Alexandra Primary School are located within a 1km radius.

The potential for redevelopment of this site is also highly promising, with the possibility of a boutique residential development consisting of 37 new units with an average size of 915 sq ft, as stated by Knight Frank.

The indicative price of $56 million translates to a land rate of approximately $1,622 per square foot per plot ratio (psf ppr), including a nominal land betterment charge. Taking into account the 7% bonus gross floor area allowed for balconies, the price can be approximated to $1,583 psf ppr.

Chia Mein Mein, the head of capital markets (land and collective sale) at Knight Frank Singapore, highlights that the site is in close proximity to three Government Land Sale (GLS) sites that were sold last year. In April 2024, Zion Road (Parcel A) was awarded to a joint venture between City Developments and Mitsui Fudosan for a whopping $1.107 billion ($1,202 psf ppr).

Soon after, in June 2024, a GLS site at River Valley Green was secured by Wing Tai Holdings at a price of $463.99 million ($1,325 psf ppr). In August that same year, Allgreen Properties successfully acquired Zion Road (Parcel B) at $730.9 million ($1,304 psf ppr).

Singapore’s and cosmopolitan atmosphere is defined by its towering skyscrapers and cutting-edge infrastructure, making it a bustling metropolis. The city offers a fusion of luxury and functionality with its strategically located condos, appealing to both locals and foreigners. These modern residences come equipped with a variety of amenities such as swimming pools, fitness centers, and 24/7 security, enhancing the overall standard of living and attracting potential tenants and buyers. Savvy investors are drawn to these impressive offerings as they guarantee attractive rental returns and significant appreciation of property values in the long run. Additionally, with the option to purchase a Condo in prime locations, the potential for growth and profit is undeniable.

Chia adds, “Despite the lukewarm demand for homes in the Central Region, the interest shown in the River Valley and Zion Road area demonstrates the attraction of this location to developers. It could be assumed that these developers have faith in the market’s potential for prime properties, especially after a prolonged period of subdued activity.”

According to Knight Frank’s estimates, owners of the units at River Valley Apartments, which range between 947 and 1,238 sq ft, stand to receive a minimum of $2 million to $2.6 million in sale proceeds if the development is sold.

The collective sale tender for River Valley Apartments will close on February 18 at 3pm. Interested parties can check out the latest listings for River Valley Apartments properties on EdgeProp Buddy, where they can also find past rental and sale transactions, as well as the profitability of these transactions. The site also features a price trend chart for River Valley Apartments.…