Luxury condos in Singapore are often skeptically viewed as poor financial commitments. The recent fire sales of high-end developments such as the W Residences at Sentosa or Cuscaden Reserve have only served to add to that ongoing narrative. But some condos out there have bucked that trend – one of which is the Rivergate condominium in District 9. The development first captured headlines in August 2006 during its sales launch’s second phase, setting a new benchmark by selling a four-bedroom unit at a then-high $1,700 per square foot (psf) – a record for the area at the time. Despite being launched and sold at a period that was in a run-up to sky-high prices in 2007, even subsequent buyers of this project have profited well. So why has this particular condo done so well? Let’s take a closer look: A quick look at Rivergate Rivergate is a freehold condo which was completed in 2009. This 545-unit project is in the heart of Robertson...