Riverbank at Fernvale: 42 Units for Sale

Riverbank @ FernvaleLocated in a quiet residential estate in Fernvale, a new neighbourhood of Sengkang New Town in District 28, Riverbank @ Fernvale overlooks both the Sungei Punggol and Sengkang Riverside Park. The residential development is made up of four 19 storey towers, with 555 units. These range from 1 bedders up to 5 bed apartments as well as 8 cabana units. The 3 bed units come with a dual key option. Layar LRT is a 5-minute walk away from Riverbank @ Fernvale, meaning a commute into the CBD will take just over 30 minutes, while in the car, in good traffic conditions, the journey will take a quarter of an hour.UOL Group (UOL) is a public-listed property company with an widespread portfolio of development and investment properties, serviced suites and hotels. Their property development projects include office towers, residential units and shopping malls as well as premium hotels and amazing serviced suites.Riverbank @ Fernvale – Unique Selling PointsRiverbank @ Fernvale is located in a quiet, private residential enclave close to Sungei Punggol and Sengkang Riverside Park. Its close proximity to the Seletar Aerospace Park, as well as the forthcoming Sengkang West Industrial and Ang Mo Kio Industrial Parks mean it is good both in terms of easy commuting and as an investment. Riverbank @ Fernvale has a good choice of unit sizes and types, and comes with a wide variety of facilities.Riverbank @ Fernvale – AccessibilityLayar LRT is a 5-minute walk away from Riverbank @ Fernvale. From there it is 3 stops to Sengkang MRT Station on the North East Line. For commuters travelling to the CBD, the whole journey will take just over half an hour. For drivers, the TPE is easily accessible from Riverbank @ Fernvale, from where you can get on the KPE, SLE and CTE. In good conditions, a drive into the city would take 15 minutes. The nearest bus stop to the development is outside Layar Station, from where services cover Bishan, Sengkang, Yio Chu Kang, Punggol, Toa Payoh, Upper Thomson and the CBD.Riverbank @ Fernvale - Amenities & AttractionsDining near Riverbank @ Fernvale:My Briyani HouseBali ThaiSushi ExpressOne Place Bistro & BarShopping near Riverbank @ Fernvale:Compass PointSeletar MallWaterway PointSchools and Education near Riverbank @ Fernvale:Pei Hwa Secondary SchoolAnchor Green Primary SchoolFernvale Primary SchoolSpringdale Primary SchoolRiverbank @ Fernvale - Project informationRiverbank @ Fernvale is a residential development consisting of four 19 storey towers. Units range from 1 bedders up to 5 bed apartments plus 8 cabana units. The 2 and 3 bed units come in standard and the larger deluxe versions, while there is also the option of dual key configuration for the 3 bed units. Kitchens come with Electrolux appliances. Facilities at Riverbank @ Fernvale are spread over the whole development and are arranged into 5 distinct themes. They include a tennis court, gym, 50 metre lap pool, karaoke & movie room, and a sky observatory complete with sky bar and gym.Project Name: Riverbank @ FernvaleAddress: Fernvale CloseSite area: Approx. 178,724 sqftTenure: 99 years from 10th July 2013District: 28Configuration: 555 residential unitsUnit types:67 x 1-bedroom units (495 sqft)37 x 2-bedroom units (689 sqft)44 x 2-bedroom deluxe units (710 sqft)144 x 3-bedroom units (947 – 1,012 sqft)142 x 3-bedroom deluxe units (1,044 – 1,055 sqft)54 x 3-bedroom Dual Key units (1,044 sqft)42 x 4-bedroom units (1,098 – 1,238 sqft)17 x 5-bedroom units (1,389 sqft)8 x cabana units (1,195 – 1,216 sqft)Maintenance fees: TBAParking lots:555 normal lots5 handicap lots5 electric vehicle lotsExpected Date of Vacant Possession: March 2018Expected legal completion: March 2021Riverbank @ Fernvale - Historical DataAs of March 2016, the number of caveated transactions at Riverbank @ Fernvale stood at 362 out of a total number of 555 available units. The prices for those sales ranged from $476K to $1.495M with 200 coming in between $800K and $1.2M, while just 30 fell between $1.2M and $1.6M. With regards to the median prices for Riverbank @ Fernvale, we can see from those figures that the values for the 1 bed units were at $1,064 psf, those for the 2 bed and 2 bed deluxe units were at $1,025 psf and $1,051 psf respectively while the 3 bed, 3 bed deluxe and 3 bed dual key units were at $956 psf, $980 psf and $979 psf respectively. Those for the cabana were $830 psf.Riverbank @ Fernvale - Related ProjectsThe following projects are by the same developer as Riverbank @ Fernvale:The Clement CanopyPrincipal GardenBotanique at BartleyRiverbank @ Fernvale - Nearby ProjectsThe following developments are in the same neighbourhood as Riverbank @ Fernvale:Rivertrees ResidencesLush AcresH2O ResidencesHigh Park Residences