Is Sengkang/Anchorvale in an ‘ulu’ part of Singapore? With a lot fun things to do, see and eat in Sengkang/Anchorvale, we’ll show you a side of it that you didn’t know.
Besides things to do, see and eat, the Sengkang/Anchorvale area is being developed by the government. There are quite a number of residential and commercial developments coming up.
For property investors looking to target this location, rentability should not be an issue. Prices would be something to look out for if an investor wants to enter with buffer to make capital gains on the upside.
Sengkang and the anchorvale area is also near an upcoming new launch EC called Rivercove residences. This new launch EC is expected to have about 605 units at an average price of S$8xx psf.
For those interested in property investments in the Sengkang and Anchorvale area, this short guide will get you started.
First up, where is Sengkang?
Sengkang/Anchorvale is located in the North Eastern part of Singapore. These are some of the nearby landspots and neighbourhoods.
- Seletar Airbase
- Coney Island
- Punggol reservoir
- Ang Mo Kio town
- Hougang and Buangkok
Sengkang Riverside Park
This is one gem that not many people would know of.
Sengkang Riverside park is located just across the Punggol reservoir/river from Rivercove residences new launch EC, an up and coming executive condominium with starting prices around S$8xx psf.
The architecture seems very similar to the Marina Barrage, with the arching wave like structure.
This place is perfect for runners looking to pound the pavements, or shutterbugs capturing the sunrise and sunsets.
Sengkang Mushroom Cafe
No this cafe is not related to Super Mario and the Princess.
This place is great for families because of the wide open spaces and alfresco dining.
Reviews online have it that pricing is decent, with meals going for less than S$10 and good-sized portions.
The mushroom cafe is located inside Sengkang Riverside park, also a stone’s throw away from Rivercove residences new launch EC.
Should you wish to find out more about Rivercove Residences EC, fill in the form and we will contact you within 24 hours.
Prices from S$8xx psf. Launching 1H2018.
Compass point shopping centre
For all your shopping and basic necessities, there is Compass Point Shopping Mall.
Tenants in this mall include
- Prima Deli
- Bread Talk
- Toast Box
- Singtel
- Challenger
- Pepper Lunch
- MacDonalds
- Pizza Hut
- Kopitiam
- Cold Storage
- And many others
Frasers has done a good job with the mall by keeping it fresh, relevant and popular with the surrounding residents. You won’t feel that is was in 2002 and now 15 years old.
Sengkang Swimming Complex
Fitness buffs fear not! Sengkang Swimming complex has all the facilities you need for a 30 lap swim.
For those with families, there are multiple covered and uncovered water slides and play pools for your young one.
Sengkang floating wetland
Lucky for those who are into nature and the wild, because Sengkang also has the floating wetland.
This floating wetland is in Punggol reservoir and helps improve the water quality on top of providing a natural habitat for birds and fishes.
There is a boardwalk to bring people close to nature, and provide them with an avenue to enjoy breathtaking views of the area.
For those who are thinking of cycling, there are transport links between Anchorvale Community Club, Sengkang Sports Complex and Sengkang Riverside Park.
Those interested in learning more about the ecosystem may join one of the learning tours conducted by PUB.
Sengkang Community centre
Sengkang CC has the following facilities
- Singpost
- SingHealth Polyclinic
- Singapore Anti-Narcotics Association (SANA)
- Neighbourhood Police Centre (NPC)
- Music school
- Multi purpose hall for badminton, pickleball, table tennis, line dance
- Basketball court
Convenience is at your doorstep if you’re a resident of Rivercove residences new launch EC.
Honey sauce pork knuckle
What’s Sengkang without good food?
Honey sauce pork knuckle at 275D Compassvale Link serves up special dishes such as honey-coasted pork knuckle.
Penang Kia Prawn Mee
As the name implies, the prawn mee is popular in Penang. The dish is served with prawns, meat, fried shallot, chilli and bean sprouts.
Satisfy your prawn mee food cravings at 205D Compassvale Lane, 544205
Growing property investment potential
For those thinking of investing in Sengkang/Anchorvale, here are some basic facts of district 28 where Sengkang/Anchorvale is located.
- Non-landed freehold prices around S$842 psf; Non-landed 99 year prices around S$748 psf.
- Rents are about S$3 psf
- Gross yield (before taking out property taxes, insurance, condo maintenance charges etc) is around 4.2 to 4.7%
This yield level is really good, implying that prices in the Sengkang/Anchorvale area is not as high compared to other parts of the island.
A new launch EC, Rivercove residences, priced at S$8xx psf, is therefore likely to be quite a steal.
Check out the view, looking North, of the Punggol reservoir leading out to the sea.
Government’s development plans for North East Singapore
The government has plans for North East Singapore, to develop
- New and better housing choices
- Rejuvenate mature towns
- Enhance quality of life
This 3 pronged vision is likely to see North East Singapore (including Punggol, Sengkang and Anchorvale) develop into a special area. This is going to be much like Tampines, Paya Lebar and Jurong Lake district.
Generally, gentrification,
a process of renovation of deteriorated urban neighbourhoods
can lead to a decrease in vacancy rates and increase in property values.
Examples of gentrifying neighbourhoods in other parts of Singapore is Geylang Serai and Jalan Besar which is now becoming home to hipster young people and the creative community.
New life has been injected into these neighbourhoods, and if the government’s plans follow through, the North East part of Singapore, and Rivercove Residences EC, will likely see improving property values.
Should you wish to find out more about Rivercove Residences EC, fill in the form and we will contact you within 24 hours.
Prices from S$8xx psf. Launching 1H2018.