Video description from @therightmovesg
This property had EVERY reason to fail.
❌ No MRT nearby
❌ No good schools
❌ Over 1,400 units (oversupply fears in 2018)
And yet...
On 5th July 2018 at 5pm, the government dropped cooling measures.
Two hours later, the Riverfront Residences showflat opened.
By midnight, 270 buyers had signed contracts, racing the clock to lock in old rules.
Same red flags. Different perspective.
What did they see that "experts" missed?
1. Price positioned below OCR average (especially 1br to 3br units)
2. Buyers were local to District 19 (Sengkang/Punggol, MRT less critical)
3. The discount was attractive enough to overlook schools and size
You'll see the data comparison in this video; the launch quantum gap is significant.
Today, Riverfront ranks #93 in our Top 100 Most Profitable Condos analysis.
The research shows: You don't have to tick every box, as long as the price compensates.
This is why we built the Contrarian Checklist. A framework for evaluating "red flag" properties that might actually be opportunities.