Rivercove Residences

Rivercove residences EC new launch condominium

Rivercove residences EC new launch condominium is a new condominium coming up in Sengkang. Located in Anchorvale, the Rivercove residences EC new launch condominium was won by Sunway Development and Hoi Hup in 2016.

The Rivercove residences EC new launch condominium is expected to be launched either at the end of 2017 or early 2018.

Project details

Here’s the highlights of the Rivercove EC new launch condominium

Project name Rivercove residences new launch EC
Developer Sunway and Hoi Hup realty
Showflat location Anchorvale lane
Selling price Estimated S$800 per square foot
Address Anchorvale lane
Tenure 99 years
Number of units Estimated 605 unit
District 19; Sengkang area
Site area 17,196 sqm
Number of storeys To be confirmed
Number of blocks To be confirmed

 


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Location map

Anchorvale EC locationRivercove engineering plan

 

Good location in district 9

Rivercove Residence EC new launch condominium is located in a prime location in District 9.

Here are some of the locational features of the condominium.

  • Right beside Punggol reservoir
  • 3 to 5 min drive to exit 10 of TPE
  • 3 to 5 min drive to an upcoming exit to TPE
  • Total of 2 exits to TPE that links one to the eastern and northern part of Singapore
  • Walking distance to Layar or Tong Kang LRT station
  • 3 to 5 mins walk to Sengkang Riverside Park just across Punggol Reservoir
  • Near schools such as Anchor Green Primary, Nan Chiau Primary, Nan Chiau high school, Springdale Primary, Pei Hwa secondary, Fernvale Primary, Fernvale Gardens School (MINDS), Sengkang Green Primary
  • 3 to 5 mins walk to Sengkang sports centre
  • 7 to 10 mins walk to Sengkang general and community hospital
  • 7 to 10 mins walk to Compass One shopping centre
  • 7 to 10 mins walk to Sengkang bus interchange
  • 1 MRT stop to Punggol and Waterway point mall by Frasers

Sengkang GH

Punggol Town hub to be a vibrant area to live-work-play.

Punggol town hub

Seletar mall will provide residents of Rivercove Residences new launch EC condominium more variety in terms of shopping, leisure and entertainment needs.

Tenants in Seletar mall include Uniqlo, City Chain, Fish & Co, Nene Chicken, Song Fa Bak Kut Teh, Foodfare food court, Shaw Cinemas, Fairprice Finest, medical and dental clinics, Hair Inn and Princess’s cottage among many others.

Seletar mall impression

Waterway point is near Rivercove residence new launch EC condominium.

This mall attracts people from the surrounding catchment with its vast offering of F&B, entertainment and shopping variety. Tenants include Bali Thai, Blackball, BurgerUp, Shaw theatres and Best denki among others.

Waterway point impression Punggol crescent district Punggol waterway east district

Investment and Capital Gain Potential with Rivercove Residences New Launch EC Condominium

Based on Squarefoot analysis, prices in District 19 have been on the rise.

This means that there is likely to be capital gains potential for buyers of Rivercove Residences new launch EC condominium.

D19 price and rents

Price trends show that non-landed properties have been registering about S$1,300 in the recent past.

This has been up from about S$600 in 2010, a more than double increase in price.

For buyers of Rivercove Residences new launch EC condominium at an estimated price of S$820, there is potential for almost double the capital gains in the next 5-7 years.

5 years is also the time when Rivercove Residence new launch EC condominium becomes a private condominium.

Prices will then start to re-rate upwards to be in line with private condominiums in the vicinity.D19 Price trend

 


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Unlimited Potential with Government masterplan

Residents in district 9 presently enjoy a range of housing choices and amenities. In the future, HDB is planning to introduce more public and private housing, together with community facilities to enhance the quality of life.

Overview of Punggol Town

Punggol Town Square Market square Kovan City Old punggol road heritage trail Jalan Kayu impression Punggol waterway cycling and jogging Punggol Waterway Luxus Hills Park Coney island park

The government is intending to┬ácatalyse new growth areas and test innovations in Singapore’s first “enterprise district” in Punggol.

For those who intend to rent out their units after the minimum occupation period, rental demand is likely to be strong.

Expatriates from the engineering, arts and IT industry will form the pool of potential tenants.

Rivercove residences new launch EC condominium is likely to be a choice location for these workers given its close proximity to the enterprise district.

Business aviation complex Seletar aerospace park

Punggol creative cluster is also another government led initiative to spruce and enhance the North East part of Singapore.

This is likely to catalyze gentrification of the area, bring more people into the district and likely push up house prices in the medium to long term future.

Punggol Creative Cluster impression Punggol Creative Cluster

Connectivity is also likely to improve under the government’s masterplan, with more cycling paths to be built.

The cross island line that is expected to be up in the next 10 years will be one big catalyst to push up house prices.

The cross island line will seamlessly link district 19, and Rivercove residence EC  together, to many parts of the island such as Jurong and Changi Airport.

Cycling network Travel time Ci Yuan community club

Sunway development and Hoi Hup

Hoi Hup Sunway is a joint venture between Hoi Hup Realty and Sunway Developments.

This joint venture company has built multiple projects, including Design-Build-Sell-Scheme (DBSS) such as City View at Boon Keng and The Peak at Toa Payoh.

Hoi Hup Realty

Hoi Hup Realty is a Singapore based developer with a well established portfolio of projects. Some of their projects include Suites at Cairnhill, Charlton Villas and Residences @ Killiney.

The company has won many awards, such as the BCA Best Buildable Design Award in 2007, the Construction Excellence Award in 2008 for De Royale Condominium and SME 500 award that is given out to promising Singapore enterprises.

Sunway Developments

Sunway development is a wholly owned company of Sunway concrete Products, a Malaysian conglomerate.

The parent company’s main business is property development and investment, leisure, education, building and construction and real estate investment trusts.

The company has partnerships with notable companies such as GIC, EPF, Kuwait Finance House and Goldman Sachs. They are also the sponsor of Sunway REIT, the largest REIT in Malaysia by asset size and market cap.

 


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