Welcome to the Rivercove Residences Website
Rivercove Residences is the newest and greatest EC launched by Hoi Hup Realty and Sunway Developments. The land was only recently successfully bidded for and it has a great location in the beautiful heartland of Anchorvale, Sengkang.
A Total of 16 Bids by Real Estate Developers for the Anchorvale Lane, Sengkang EC Site
The land on which the executive condos are developed on is among Sengkang’s most sought after; fetching prices up to 287 million dollars per plot. The project initially attracted a total of 16 interested bidders (potential real estate developers), and after the dust settled, Hoi Hup Realty and Sunway Developments emerged the winners.
The Rivercove Residences Project has been hailed as the next big thing west of Sungei Punggol River
Following the competitive nature of the bid placed on Rivercove residences executive condos, several factors make Rivercove residences executive condos a worthwhile real estate investment. The residential development is set against a backdrop of affluent city living conditions with access to facilities and amenities required for a project of this magnitude. Why Rivercove Residences has a great location is a question of strategic positioning in the vicinity of educational, social, health and transport amenities.
Great Transportation Options at Thangamm and Layar LRT Stations
Rivercove Residences executive condos are estimated to comprise of up to a total of 635 units which will be developed, which means that transportation is of major concern. The EC’s prospective residents have unrestricted access to Sengkang thanks to the vast network of well-maintained tarmac roads and highways. Other transport amenities include the Layar LRT Station and Thangamm LRT Station. The city’s roads allow its residences unrestricted mobility via bus, taxi, personal vehicles, and bicycles.
With the rising demand for affordable private housing in Sengkang and Singapore in general, Rivercove Residences Executive Condos is a promising investment. Keeping in mind that similar real estate projects in the neighborhood are a 100 percent sold out, this project is a unique opportunity to rent or buy prime property in a popular area of Singapore.
The city’s ability to maintain smooth traffic flow with the existing transport systems has for a while now proven its efficiency. People seeking an investment in real estate should consider access to transport amenities as being an important deciding factor, thus making Rivercove residences a fantastic investment choice.
Rivercove Residences has the Perfect Schools nearby
At a distance of about a stone throw from Rivercove residences is Nan Chau High School. The Nan Chiau school is one of the most sought schools in Singapore. Because of its extensive history of emphasizing bilingualism and biculturalism. The school is a popular choice for Sengkang parents looking to enroll their kids in an established and reputable institution. On the same street as the Rivercove executive condos is the Nan Chiau primary school, yet another of Singapore's top schools. This goes on to emphasize the strategic location of the Anchorvale EC with respect to access to educational amenities.
There exists a wide range of schools to choose from. For instance, we have the Rosyth school, Bowen Secondary school, Hougang primary and secondary schools, Xinmin primary and secondary schools as well as Lycee Francais De Singapore (French School of Singapore). All these ensure that your kids get quality education as they strive to shape their future. Each school is located near the residence.
Rivercove EC is a Development by Hoi Hup Realty and Sunway Developments - Part of agovernment master plan
The development will join a long list of projects around the Sengkang area which is becoming home to several landmark property developments. With good facilities nearby, demand is expected to be high.
It benefits from an area stacked with shops, good local schools, entertainment, sports, bars, and restaurants. Residences will be able to take advantage of the nearby Sengkang Sports and Recreation Centre – a huge facility which boasts swimming pools, badminton courts, hockey rinks a soccer field and much more.
The entire development is part of an ongoing Government Masterplan which aims to create a community which is entirely self-sufficient where everything a person could need lies within easy reach. New developments are on the way as well as major improvements to existing facilities, which means the area will continue to grow and evolve.
An exciting joint venture
The tender was one of the most competitive in Singapore with 16 developers bidding – by way of comparison, the average number of bidders is nine. It was eventually sold for S$240.95 million to a joint venture between Hoi Hup Realty and Sunway Developers.
The Hoi Hup Realty Group is an award-winning enterprise focusing on developing landmark living spaces of the highest style, comfort, and functionality. They’ve received a host of accolades over the years including the BCA Best Building Design Award Merit in 2007 and the Construction Excellence Award in 2008.
Sunway Developments, meanwhile, is a wholly owned subsidiary of Sunway Concrete and has worked on property development and investment by forging strategic partners with names such as Goldman Sachs, the Kuwait Finance House and the Government Investment Corporation of Singapore.
Together they have combined to produce a number of landmark developments across the region including the Royal Square at Novena and the luxurious Sophia Hills condominium. They also came together to develop Lake Vista in Yuan Ching, City View at Boon Keng and The Peak at Tao Payoh.
Full pricing details will not be released until closer to the launch date but demand is expected to be high. Offering the best facilities, luxurious living, and the latest technology, these offer an exciting image of luxurious city dwelling.
What the analysts are saying, and the Rivercove Residences Showflat
Sengkang has been incredibly hot in recent months, with the nearby Hundred Palms Residences selling out entirely within a matter of hours, demand is definitely high for units in this area. This is why developers like Hoi Hup Realty are so excited to launch new projects like the Rivercove Residences. There is still a huge demand left to be filled, as evident from the other ECs also selling fast in the area.
We expect this project to launch in the first quarter of 2018, with the PSF $price being very competitive at around the 800-900 range.
If you're looking to register in advance for the Rivercore Showflat or learn more about the indicative prices once released, feel free to register today to be put on the list.
Latest Project Details Table Summary (26.08.2017)
|Project Name:||Rivercove Residences EC|
|Developer:||Hoi Hup Realty & Sunway Development|
|Tenure:||Leasehold 99 years w.e.f. as of 5 September 2016|
|Address:||Anchorvale Lane, Sengkang, Singapore|
|Available Unit Types:||2 Bedrooms, 3 Bedrooms, 4 Bedrooms, 5 Bedrooms|
|Total Estimated Available Units:||635 Units|
|Towers/Levels:||10 Towers with 15 Levels each|
|Expected TOP Date:||Q4 2018|
|Expected Project Launch Date:||Q1 2018|
|Total Site Area:||21,014.60 sqm|
|Gross Floor Area (GFA):||63,043.80 sqm|