Costa Riviera I & II BTO Review: Next door to Pasir Ris Park and the sea

Costa Riviera I and II are two housing projects launched in the October 2024 HDB BTO exercise. The two BTO sites are located right next door to each other on Pasir Ris Drive 3, and comprise a total of 767 units spread out over nine blocks.

Costa Riviera I and II are officially located in Pasir Ris and are thus classified by the HDB as Standard flats, with a 5-year Minimum Occupation Period (MOP). These flats offer the opportunity to live in an attractive neighbourhood a stone’s throw from the scenic Pasir Ris Park at a reasonable price.

Costa Riviera I and II are not to be mistaken for Costa Grove, an earlier BTO project launched in August 2020. Costa Grove is also located along Pasir Ris Drive 3, on the other side of Pasir Ris Green.

Costa Riviera I & II BTO Review (Summary Table)

*Information from 99.co, PropertyGuru, and other property listing websites is accurate as of time of writing.

Costa Riviera I & II BTO Price

At Costa Riviera I & II, there is a full range of flats types, from 2-room Flexi to 3Gen.

At the October 2024 launch, Costa Riviera I & II 2-room Flexi flats were priced at $194,000 to $288,000, 3-room flats at $329,000 to $411,000, 4-room flats at $481,000 to $595,000, 5-room flats at $635,000 to $736,000 and 3Gen flats at $644,000 to $753,000.

Pasir Ris, while not centrally-located, is a rather popular suburban neighbourhood, and that is reflected in the prices, which are not all that low considering the distance to the city centre.

At present, 4-room HDB resale flats within a 10-minute walk of Pasir Ris MRT station are being put up for sale on PropertyGuru for $566,000 to $860,000. The flats on the lower end of the price range tend to be older flats.

Based on the resale prices alone, the first batch of Costa Riviera I & II buyers should enjoy good capital gains, as is typical for almost all BTO projects.

But in my opinion, the investment potential could be even greater than what one would expect solely based on current resale prices. When The Cross Island Line is completed, connectivity to Pasir Ris will be given a boost. In addition, now that remote or hybrid work is here to stay, the prospect of living in a beachside area far from the city centre is a lot more attractive than it was five years ago.

Costa Riviera I & II BTO Site Plan

You can find the Costa Riviera I & II site plan here.

The site plan shows the layout of the residential blocks within the neighbourhood. As you can see, Pasir Ris Park is right next door, offering some units unblocked views over the park and the sea.

Costa Riviera I & II BTO Location

Costa Riviera I & II are both located on Pasir Ris Drive. Pasir Ris Green borders Costa Riviera I to the west and both projects are bordered by Pasir Ris Park to the north, offering some units unblocked views over the park and the sea.

Pasir Ris MRT station and the area’s main shopping mall, White Sands, are a seven- to nine-minute walk away, and the BTO flats will also be located right across the road from the future Pasir Ris Mall, integrated transport hub and polyclinic.

Residents will also gain easy access to the various recreational options at Pasir Ris Park, including barbecue pits, bicycle rentals, horse riding and water sports rentals.

There are also several schools located within easy walking distance, including Casuarina Primary School, Elias Park Primary School and Park View Primary School.

Thanks to the proximity of the MRT station and Pasir Ris Park, I would say that Costa Riviera I & II enjoy a very attractive location. Those who work in the Changi or Expo area also have the advantage of being close to the office.

According to fengshui, the two Costa Riviera projects’ location near the coast offer a good environment for a pleasant lifestyle, making it ideal for young families, retirees and those who wish to enjoy respite from the hustle and bustle of city life. However, the location might not be ideal for those who crave professional success. If that is an issue for you, it will be important to avoid becoming lazy and to keep hustling.

Costa Riviera I & II BTO Floor Plan

Costa Riviera I & II consists of all flat types—2-room Flexi, 3-room, 4-room, 5-room and 3Gen. There is really something for everyone.

2-Room Flexi

The 2-room Flexi flats measure 39 sqm for smaller Type 1 flats and 49 sqm for bigger Type 2 flats. Type 1 flats are typically extremely bare bones. The bedroom and the living/dining area are small and approximately the same size, and there’s no wiggle room to customise the spaces for other purposes. The Type 2 flats, however, offer a palpably larger living/dining area and kitchen. There is also a strip of space in between the bedroom and bathroom that can be converted into a home office or guestroom.

3-Room

The 3-room flats measure 39 sqm, offering a typical BTO layout with the two bedrooms located next to each other.

4-Room

The 4-room flats measure 90 sqm. This is, again, a fairly typical layout with the three bedrooms lined up in a row. The layout lends itself well to an open kitchen, if you prefer.

5-Room

The 5-room flats measure 114 sqm. The layout is fairly typical once again, with three bedrooms lined up side-by-side. The living/dining area is quite spacious, with the option to install a study or home office in one part of the living room. An open kitchen would make the space seem even bigger.

3Gen

Finally, the 3Gen flats measure 115 sqm, barely bigger than a 5-room flat. The main difference is that there are four bedrooms—three lined up side by side, and another (the second master bedroom with en suite toilet) separated from the rest of the bedrooms by the living room, presumably for the grandparents. In terms of the spaciousness of the communal areas, the flat actually feels just a tiny bit more spacious than a 4-room flat.

Costa Riviera I & II BTO Rent Price

The first batch of Costa Riviera I & II buyers will only be able to rent out their flats when the five-year MOP has been fulfilled in 2033, at the earliest.

For now, we can only speculate about rents based on what similar flats in the area are commanding.

On PropertyGuru, 4-room HDB flats located within a 10-minute walk of Pasir Ris MRT station are going for a monthly rent of $3,399 to $4,000. This is a decent rent considering the distance from the city centre. The area could be an attractive one for families hoping to take advantage of the outdoor and recreational activities in the area, and working adults and expats who work in the east or remotely.

For the first batch of BTO flat buyers, renting out the entire flat after the MOP will offer a great rental yield. For subsequent resale flat buyers, that will depend on resale prices when the time comes. That said, at current resale prices in the area, the rental yield is very attractive.

Costa Riviera I & II BTO Review

At this distance from the city centre, Pasir Ris is one of the most pleasant neighbourhoods to be in, in my opinion, and Costa Riviera is very well-placed in the neighbourhood—within reasonable walking distance of Pasir Ris MRT station and the area’s main amenities, and right next door to Pasir Ris Park.

Thanks to the growing attractiveness of the Pasir Ris area and the proximity to nature and recreational options, Costa Riviera also looks like it might be a good investment in the long run.