Artist’s impression of Rivercove Residences, which offers views of Sungei Punggol.
Rivercove Residences, the only new executive condominium (EC) launch in 2018, will open for e-application this Sunday (1 Apr), said developer Hoi Hup Sunway – a consortium comprising Hoi Hup Realty and Sunway Developments.
Located along Anchorvale Lane in Sengkang, the project features 628 units spread across 10 blocks. Some of the units will offer views of Sungei Punggol.
More: 315 units at The Tapestry sold, strong turnout at Park Place Residences preview
A range of three- to five-bedroom units are available from 904 sq ft to 1,485 sq ft. Around 77 percent or 484 units are three-bedders.
Indicative prices start from $830,000 for a three-bedroom, $1.1 million for a four-bedroom and $1.34 million for a five-bedroom.
First-time buyers are eligible for CPF housing grants of up to $30,000. The developer will also offer a deferred payment scheme.
The 99-year leasehold project is close to Sengkang MRT station, shopping malls such as Compass One and Waterway Point, and the upcoming Singapore Institute of Technology in Punggol.
The e-application period will run till 11 April, while bookings commence on 14 April.
ERA Realty, Huttons Asia and PropNex Realty are the marketing agents for Rivercove Residences.
PropNex CEO Ismail Gafoor expects to see strong demand for the project.
He noted that the record land bid price of $583 psf per plot ratio (psf ppr) for the Sumang Walk EC site in March will spur home buyers and upgraders “to make a move to purchase existing stocks of ECs available, before prices increase in the market”.
In comparison, Hoi Hup Sunway paid $355 psf ppr for the Rivercove Residences site in 2016.
Hoi Hup is also developing the Hundred Palms Residences EC at Yio Chu Kang Road, which sold all 531 units within seven hours of its official launch in July last year.
Check out project listings of Rivercove Residences.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
