Rivercove Residences EC is a new EC that’s coming up in the Sengkang and Punggol area.
Missed out on Hundred Palms new launch EC which was the most oversubscribed in EC history? Don’t miss Rivercove Residences EC that is coming up.
Imagine living by the river, hearing the sound of flowing water greet you when you arise and taking enjoyable strolls in the evening – this is what you can expect with an address at Rivercove Residences EC.
Rivercove Residences EC quick navigation
- Rivercove Residences EC details
- Unit mix
- Floor plans
- Showflat location
- Site plan
- Rivercove Residences EC amenities
- Government masterplan
- Investment analysis
- Developer background
- Contact us/register interest
Rivercove Residences EC details
|Developer||Hoi Hup Sunway Sengkang Pte Ltd|
|General description||Proposed EC housing development comprising
10 blocks of 16 storey residential units with
swimming pool, ancillary facilities and 2 basement
carparks at Anchorvale Lane
|Tenure||99 year leasehold|
|Unit mix||3 bedroom – 904 to 1,163 sqft (484 units)
4 bedroom – 1,184 to 1,281 sqft (112 units)
5 bedroom – 1,485 sqft (32 units)
|Expected TOP||4 Sept 2020|
|Expected pricing||From S$7xx psf|
|Car parking||2 basement carparks|
|Number of blocks||10 blocks of 16 storeys each|
|Gross floor area||69,332 sqm|
|Land tenure||99 years from 5 Sept 2016|
|Legal completion||4 Sept 2023|
Selling points of Rivercove Residences EC include free shuttle bus to nearby MRT station for 15 months upon TOP. The operational timing is subject to developer’s discretion.
There are also smart home features including 1 SMART home centre lite, 1 IP camera, 1 lighting control and 1 air-con control, 1 digital lockset for main entrance
For 4 and 5 bedroom unit types, there is a dry and wet kitchen concept.
In accordance with the government’s push to make Singapore a car lite society, there are ample bicycle parking lots.
Rivercove Residences EC Unit Mix
Rivercove Residences will have a mix of 3, 4 and 5 bedroom units.
The 3 bedroom units will range from 904 to 1,163 sqft and comprise a total of 484 units.
The 4 bedroom units will range from 1,184 to 1,281 sqft and comprise a total of 112 units.
The 5 bedroom units will have a size of 1,485 sqft and comprise a total of 32 units.
For Rivercove Residences unit types C1 to C3 which are 3 bedroom units, the share value will be 6.
For unit types C4-C5, D1-D3 and E1 which are 3, 4 and 5 bedroom units, the share value will be 7.
Every unit will come with the following finishes and furnishings
- Cooker hood, hob and built-in oven – Elba
- Air-con – Daikin
- Shower head and mixer – Grohe
- Kitchen Sink – Monic
- Kitchen tap – Grohe
- Sanitary wares –Duravit (wall hung Water Closet and Wash Basin to Master Bathroom and Common Bathroom only)
- Overhead Rain Shower (For Type E1-G and E1) – Grohe
Rivercove Residences EC Floor Plans
Rivercove Residences EC floor plans are not out yet. Contact us to stay informed on future updates.
Rivercove Residences EC Pricing
Based on comparable units sold in the area, the pricing for Rivercove Residences EC is expected to be from S$7xx psf.
Potential for capital gains with ECs are immense because they became saleable to Singaporeans and Permanent Residents after 5 years from TOP.
After 10 years from TOP, Rivercove Residences EC achieves private property status and becomes saleable to any person(s).
Rivercove Residences EC pricing is not out yet. Contact us to stay informed on future updates.
Rivercove Residences EC Showflat Location
The showflat location for Rivercove Residences will most likely be at Northwest of Anchorvale Lane, North of Sengkang West Avenue and South of Sengkang East Way.
The showflat location and actual site will be bounded on the Sengkang East Way on the North, Anchorvale Lane and Anchorvale Road on the East, Sengkang West Ave on the South and Sungei Punggol on the West.
The showflat location of Rivercove Residences EC is not out yet. Contact us to stay informed of future updates.
Rivercove Residences EC Siteplan
To be annnounced shortly. Contact us to stay informed of future updates.
Rivercove Residences EC Amenities
With more than 600 units in the development, Rivercove Residences will comprise a gym, tennis court, swimming pool, BBQ area, jacuzzi, function room and many other amenities typical in a large scale condominium.
Rivercove Residences EC transport amenities
Rivercove Residences EC is walking distance to Light Rail Transport (LRT) stations Layar (SW6) on the West and Tongkang (SW7) on the South East.
These LRT stations will bring residents of Rivercove Residences EC to Sengkang MRT stations on the North East line. From there, residents can take a train directly down to Serangoon, Farrer Park and Dhoby Ghaut.
Bus services near Rivercove Residences EC include 50, 163, 163M, 592, 671 and 728 at a bus stop South of the development.
North of the development, there will be bus services 85, 102 and 374.
The bus services are a 3 min walk away from Rivercove Residences EC.
Exit 9 and 10 of Tampines Expressway (TPE) is about a 3-5 min drive from Rivercove Residences EC.
Rivercove Residences EC Educational Institutions
Near Rivercove Residences EC are educational institutions such as Anchor Green Primary School, Nan Chiau High School, Nan Chiau Primary School, Springdale Primary School, Pei Hwa Secondary School, Sengkang Green Primary School, Punggol Green Primary School, Edgefield Secondary School, Edgefield Primary School, Punggol Secondary school, CHIJ St Joseph’s Convent, among many others in the Punggol and Sengkang neighbourhood.
Fernvale Gardens School (MINDS) for special needs children is also nearby.
For families with young children, My First Skool is just across Sungei Punggol from Rivercove Residences EC.
Under the Punggol Digital District Masterplan, the Singapore Institute of Technology will be relocating to the area progressively from 2023.
Rivercove Residences EC Healthcare facilities
Sengkang General Hospital, Sengkang Community Hospital, Sengkang Specialist Clinic, Punggol Polyclinic and Woodbridge Hospital are the larger healthcare facilities around Rivercove Residences EC.
A 10-15 min drive to the North will bring residents to Khoo Teck Puat Hospital and Yishun Community Hospital.
Rivercove Residences EC Shopping and Entertainment
Most residents of Rivercove Residences EC will appreciate that Compass One beside Sengkang MRT station is about a 5 min walk away.
Residents can also head north to Punggol’s Waterway Point Shopping Centre for their shopping and grocery needs.
Some smaller neighbourhood malls around Rivercove Residences EC also include The Seletar Mall and Greenwich V.
Residents of Rivercove Residences EC should have no problems getting their daily necessities and discretionary items in the immediate area.
Rivercove Residences EC Fitness Facilities
For those who are keen fitness enthusiasts, there are a range of fitness facilities both paid and free around Rivercove Residences EC.
At the immediate doorstep is Sungei Punggol. Flowing in a North-South direction, runners can take the Punggol Park connector along Sungei Punggol from Buangkok in the South to Sengkang Riverside Park just North of Rivercove Residencs EC and all the way North to Punggol Jetty.
For those wishing to go further than Punggol Jetty, Coney Island, Lorong Halus Wetland and Waterway @ Punggol is accessible.
Sengkang Sports Centre is a 3-5min walk from Rivercove Residences EC and provides Hockey, Swimming and gym facilities.
Rivercove Residences EC Government’s Masterplan
The government is putting a lot of focus on the Punggol and Sengkang District and that is set to benefit residents of Rivercove Residences EC.
One significant masterplan is the Punggol Digital District unveiled in Jan 2018.
Punggol Digital District
Under the Punggol Digital District masterplan, the government intends to create 28,000 jobs in the region.
The region will open gradually from 2023 and will offer residents dining, leisure, and retail amenities. The jobs that are expected to be created under the Punggol Digital District Masterplan include those in the cyber-security, analytics, artificial intelligence and internet of things sector.
For investors thinking of purchasing a property in the area, there will likely be a demand-supply mismatch as workers (Singaporeans, Permanent Residents and foreigners) flow into the area seeking housing (temporary and permanent).
From a rental and capital gains perspective, an inflow of workers is a positive development, especially for Rivercove Residences EC.
Plans also include a hi-tech hawker centre with automated robotic cleaners and cashless payment functions.
The new district is a government led intiative comprising four agencies – the Urban Redevelopment Authority, Infocomm Media Development Authority, JTC and SIT.
Official Masterplan for Punggol Digital DistrictView Fullscreen
Rivercove Residences EC Investment Analysis
For those who are still wondering whether an EC is a good investment, the following table by Straits Times as of 2013 show that most ECs have had a 100% increase in prices 10 years after development.
If you had rented out some rooms in the EC after the 5 year Minimum Occupation Period (MOP), the gains would likely be higher than 100%.
The reason for such increases in price is because ECs gain private condominium status after 5 years. This gives a filip to the prices that cannot be achieved by pure HDB flats not pure private condominium units.
Catering to the middle class, ECs are a good form of housing both for owner-occupation and investment.
Not only are prices fairly affordable, there is an opportunity for capital appreciation or rental potential in future after the 5 year minimum occupation period is over.
Rivercove Residences EC developer background
Established since 1983, Hoi Hup Realty Pte Ltd, a dynamic property developer that has since completed over 900 quality homes and currently has a pipeline of more than 500 private residential units at different stages of development.
Our sell-out projects including The Ford @ Holland, Suites @ Cairnhill and Waterford Residence indicated that our developments were well-received by the market.
An eye for details and years of experience in the industry, our people have gained knowledge of the properties we develop.
This knowledge enables us to increase our effectiveness and to deliver a high level of quality and innovative products to our home buyers.
Achieving high standards of building excellence has made us well-attuned to the changing needs of clients.
We have also been awarded the Best Buildable Design Award 2007 Merit for De Royale Condominium from Building and Construction Authority.
With a disciplined vision and a strong philosophy to develop properties that offer the highest level of style, functionality and innovation within prime and strategic locations, Hoi Hup’s dedication is matched by its commitment to exceptional workmanship and excellent value.
Luxurious interiors and imaginative designs are the signature mark of all our developments. We, at Hoi Hup, are driven to innovate and set new standards as the niche developer that caters to a wide range of markets today and tomorrow.
Other consultants building Rivercove Residences are
- Architect: Consortium 168 Architects Pte Ltd
- Main contractor: Straits Construction Singapore Pte Ltd
- Structural engineer: Ronnie & Koh Consultants Pte ltd
- M&E consultants: Rankine & Hill (S) Pte Ltd
- Landscape architect: Tinderbox Pte Ltd
- Project interior designer: Expression Galleries Pte ltd
- Showflat interior designer: 2nd Edition Pte Ltd
- Solicitor: Rajah & Tann