Banjarmasin which is known as “the thousands river city” has avery close relationship with the waterfront. However, the pressure toupgrade the quality and quantity of urban areas has urged the localgovernment to do some new projects by sacrificing some natural cityelements. This has transformed Banjarmasin’s urban waterfront and riversin many ways. This study conducted to know the effect of urban waterfrontdevelopment in forming the green space in a stream corridorneighbourhood. For this purpose, green neighbourhood elements have beenused to indicate: how the waterfront development has affected theneighbourhood; the respond of local residents of the urban waterfrontdevelopment; and as the result is the urgent need of green spaces in theneighbourhood of stream corridors. The contents of these indicators areillustrated by analysing a stream corridor neighbourhood in Banjarmasincalled Sungai Bilu. This article was based on post evaluation andunderlying ideas of how the urban waterfront transformation has affectedthe need of public green open spaces in the neighbourhoods.