Rivercove Residences: A Brief Introduction
Rivercove Residences is expected to have her initial launch between Jan – Feb 2018. This is a brand new Executive Condominium (EC) that will be located along Anchorvale Lane, nested among the maturing estate of Sengkang.
Aligned with the Government HDB development plans, this EC will offer the perfect mix of entertainment for shopaholics, athletes, and foodies alike, with new shops and restaurants continuing to pop up. Other than that, nature lovers will be delighted that the EC is located right next to Punggol Park, while sports facilities will be readily available at the nearby Sengkang Sports and Recreation Centre.
Rivercove Residences is jointly developed by Hoi Hup and Sunway Development, with a winning bid of $235 million for the plot of land, with the tender closing August 23 2017. In fact, it is the only EC site on the confirmed list for the Government Land Sales (GLS) programme this year. This also means that the Singapore Government will be paying close attention to the development of this EC to ensure smooth progress.
Here’s a look at the site parcel that was successfully tendered:
With all the information on hand, here’s why we think that this EC will be in demand:
6 Reasons Why Rivercove Residences is A Great Investment
1. Rare EC in a mature estate
Apart from boasting a promising location, Rivercove Residences is also one of the rare ECs in Singapore to be located in a mature estate.
Residents can enjoy the lifestyle perks of living in an established suburban estate with a plethora of amenities in the vicinity.
Within walking distance of the EC is the shopping mall Compass one, featuring plenty of recreation and F&B options — some stalls here even operate around the clock. Tongkang LRT station is just minutes away and residents can find a wide variety of schools for their children needs.
2. Fit for Nature Lovers
As mentioned previously, this EC is situated right beside Punggol Park. Residences can enjoy a fun cycle to the park, or even a daily jog to keep fit and healthy. With the NPB (National Park Board) focus on developing Park Connectors, it is foreseeable that Punggol Park will be more interconnected than ever.
Own a bicycle or trending Electric Scooters? Then this location will be perfect for you!
Get the opportunity to be one with nature and escape into serenity.
3. Top Schools Nearby
Rivercove Residences EC is within proximity to top schools like Nan Chiau School and Anchor Green Primary School.
In fact, a child’s academic journey from pre-school to higher education would be well covered here, so parents can be at ease especially with childcare development in this area.
4. Rich Mix of Amenities
With 678,600sq ft of land to build on, the Rivercove Residences executive condo is expected to house 635 units. This signifies a great mix of amenities that will be provided for residents.
From swimming pool to fitness gym, you will never miss out on gatherings with your family and friends when you can easily utilize the amenities Rivercove Residences have to offer. Coupled with a well-designed site plan, your quality of life improves tremendously in this rising estate.
If you are keen to get the E-Brochure upon release, be sure to register interest with us so we can provide you the latest news.
5. Great Investment Potential
Rivercove Residences EC is not just an ideal place to live in and raise a family — it also presents an attractive investment option.
Privatised ECs, or those that have crossed the 10-year mark and can be sold without any restrictions, remain highly sought after, with many registering considerable price gains.
This is especially the case for ECs in mature estates such as Bishan, Bukit Batok and Ang Mo Kio. This means that ECs are set to become rarer.
Recent records have also shown that ECs have great capital gains with attractive rental yields, so be sure to grab this golden opportunity for owning your EC.
6. Good Track Record
The developers Hoi Hup and Sunway Development is well-established and has many successful projects in their portfolios. Noteworthy, the recent EC developed by Hoi Hup – Hundred Palms Residences – was sold out on day 1 and this shows the confidence investors and buyers have in this developer.
They have been involved with many projects overseas outside of Singapore, and have a great reputation in the realtor industry.
Thus, you can expect Rivercove Residences to be one of the highest quality EC in Singapore, and is one of the reason why Rivercove Residences has great investment potential.
DEVELOPER TAKE ON THE PROSPECTS OF SENGKANG / FERNVALE.
With Parc Botannia and her surrounding development, Sengkang will have tangible investment appreciation by 2025. Being the newest neighborhood in Sengkang, Fernvale will be part of Sengkang’s seven sub-zones to be completed by the Housing and Development Board (HDB Singapore). This zone is expected to stretch from Punggol River to Jalan Kayu, and will be rewarded with an abundance of housing amenities. Needless to say, Jalan Kayu will be the main food street for delicacies and future prime area for coffeehouses and cafes.
DEVELOPER BIDS AND DEVELOPMENT
As Parc Botannia is situated at an ideal and convenient location, this intricate condominium was tendered by a total of 14 proposals. The highest bid was brought forward by Sing Holdings and Wee Hur Development of a total bid value of S$287.1 billion. The runner up was China’s Constructions proposal at S$287.98 billion. All in all, Sing Holdings and Wee Hur Development has a renowned name in Singapore and we can expect the development to have a positive
Other bidders included China Construction (South Pacific) Development, Allgreen Properties, MCL Land (Regency), and Treasure View. This joint development will create positive hype and excitement for the residents of Sengkang. Interested buyers can take note on the latest updates of dates so you can plan your viewing. (See Above for Important Dates and Events).
PARC BOTANNIA CONDO: TRUSTED DEVELOPERS HISTORY AND BACKGROUND
The Urban Redevelopment Authority (URA) launched Parc Botannia for tender at Fernvale Road on September 27th.
Wee Hur Holdings is one of the developers working on the Parc Botannia. They have been creating housing residences in Singapore since their establishment in 1980. After 28 years, the company was listed on Singapore’s Exchange Mainboard on January 2008.
Sing Development is the other joint project development company that won the public tender for this project. They have been around since 1964. With over 50 years of experience, they are well-rounded, dedicated, and trusted to successfully complete this project. Recent developments by Sing Development include residential projects such as the BelleRive in Bukit Timah area or Waterwoods project in Punggol.
Parc Botannia: More Information and All You Need To Know
Parc Botannia condo has not been fully constructed and will TOP in Dec 2020. At the Parc Botannia show flat location, prospects will be able to view a three-dimensional replica of the building, get answers to any questions, and get up-to-date information and prices for
Parc Botannia @ Fernvale road will hold around 735 residential units, 17,196.4m2, a maximum gross floor area of 51,590m2 and a period of 99 years leasehold. Parc Botannia floor plan will range from 1 bedroom for small spaces living, to a deluxe 5 bedroom for a bigger family. Learn more: https://parcbotannia-condo.com.sg