RIVERCOVE RESIDENCES EC | 99 YEARS | TOP SEPT 2020

Rivercove Residences EC

Rivercove Residence Facade

Rivercove Residence Facade

Rivercove Residences Project Information:

ProjectDetails
NameRivercove Residences
DeveloperHoi Hup Sunway Sengkang Pte Ltd
AddressAnchorvale Lane
Property TypeExecutive Condominium
DistrictD19
Site Area21,014.60 sqm
Total Units628 Units
Block10
Storey16 Storeys
Gross Floor Area 69,332.65 sqm
Tenure99 Year from 5 September 2016
TOP Date4 September 2020
Car Park LotsBasement Carpark 628 with 5 Handicap
No. of Bicycle Lots106
ArchitectConsortium 168 Archtects Pte Ltd
Main ContractorStrait Construct Singapore Pte Ltd
M&E ConsultantRankne & Hill (S) Pte Ltd
Landscape ArchitectTinderbox Pte Ltd
Project Interior DesignerExpression Galleries Pte Ltd
Floor Finishes
Entrance Foyer, Living, Dining, Hallway, Dry Kitchen, Yard, Utility, PES and BalconyPorcelain tiles with skirting
Kitchen, Wet Kitchen, Bathroom, WCPorcelain tiles
Bedroom and StudyVinyl flooring with skirting
Cooker hood, hob and built-in-ovenElba
Air-ConDaikin
Shower Head and MixerGrohe
Kitchen SinkMonic
Kitchen TapGrohe
Sanitary WareDuravit (Wall Hung Water Closet and Common Bathroom only)
Overhead Rain Showe (For E1-G and E1)Grohe

BedroomsNo. of UnitsSize
3 Bedroom48484 sqm - 108 sqm
904 sqf - 1,163 sqf
4 Bedroom112110 sqm - 119 sqm
1,184 sqf - 1,281 sqf
5 Bedroom32138 sqm
1,485 sqf

Rivercove Residences is the latest Executive Condominium in the Anchorvale Lane neighborhood of Sengkang, Singapore. It is expected to launch in the 1st Quarter of 2018. This project is jointly developed by Hoi Hup Realty and Sunway Developments, both are Singapore’s well established developers. Hoi Hup Realty is the developer who fully sold out 100% of their Hundred Palms Residences EC in Yio Chu Kang Road few months ago within 7 hours.

Rivercove Residences EC comprises 10 blocks of 16 storey height approximately 628 residential units. An resort style executive condominium with comprehensive facilities for the residences. Hoi Hup Realty featured Smart Home Technologies such as the digital lock and an extensive camera system, residents are rest assured by the top-notch home security network.

Rivercove Residences at Anchorvale is loaded with wide-spread and exclusive amenities, these include a guard house, Function Room, Clubhouse, Basement Carpark, Wading Pool, Jacuzzi,  Indoor Gym, Tennis Court, Children Playground and outdoor BBQ Dinning Area, Pavilion. Rivercove Residences is laden with complete family entertainment perfect for you and your family. 

DEVELOPER

Developer:

Rivercove Residences by Hoi Hup Realty & Sunway Developments 

Rivercove Residences EC is developed by experienced and reputable joint venture developers Hoi Hup Realty & Sunway Developments. Established in 1983, Hoi Hup Realty Pte Ltd has completed over 900 quality homes.

Sunway Developments Pte Ltd is a wholly subsidiary of Sunway Concrete Products (S) Pte Ltd, a Sunway Group company. Having received accolades from international bodies like FIABCI and IFAWPCA, they have also forged strategic partnerships with global investors such of Government Investment Corporation of Singapore (GIC), Malaysian Provident Fund (EPF), Kuwait Finance House (KFH) and Goldman Sachs, Sunway Reit is also the largest Malaysia Reit in terms of assent size as well as free float. One of Singapore’s leading concrete precasters in Singapore, the company has projects in both public and private sectors.

Both developers have a very good track records and built numerous awards winning developments. Below are some of their past launches projects:

Rivercove Residences Developer Past Launches

LOCATION

Rivercove Residence Location

Rivercove Residences EC Location in District 19 along Anchorvale Lane within walking distance to TongKang LRT station.(7min walk) and 2 LRT station away from Sengkang MRT. 

Pre-schools

  • Skool4kidz Campuz @ Sengkang Riverside Park. (3 min drive)
  • Sengkang Methodist Children Centre (3 mins walk)
  • My First Skool @ Anchorvale (4 mins drive)
  • My First Skool @ Fernvale (4 mins drive)

Primary School:

  • Nan Chiau Primary School (within 1Km) 9mins walk
  • Anchor Green Primary School
  • Compassvale Primary School
  • Punggol Green Primary School
  • Springdale Primary School 12 mins walk
  • Nan Chiau High School
  • Pei Hwa Secondary School 12 mins walk
  • Singapore Institute of Technology 9 mins drive 

Rivercove Residences Proximity to Shopping & Recreation Facilities

Rivercove EC Singapore will be close to malls and amenities such as:

  • Seletar Mall
  • Compass One
  • Waterway Point
  • Rivervale Mall
  • Rivervale Plaza
  • Jalan Kayu Eateries
  • Seng Kang Sports & Recreation Centre

The Shopping malls comprises of good mix of anchor tenants including NTUC Fairprice Supermarket, Cold Storage, Giant, Food Courts, Popular Bookstore, Library, Various Restaurants and Local Banks. In addition, there are cinemas such as Shaw Theater at Seletar Mall or nearby Punggol Waterway Point.

Jalan Kayu is well known for its stretch of eateries and will see significant improvements in its physical environment include the addition of new pedestrian pavements, through the joint effort of URA and local businesses.

SITE PLAN

Rivercove Residences Site Plan

FLOOR PLAN

 

PRICE

Price:

Rivercove Residences Anchorvale site attracted 16 developers, the most competitive tender since 2013. On an average, it is about 7 to 9 developers interested for an EC in Singapore. This site was sold for S$240.95 million to a joint venture between Hoi Hup Realty & Sunway Developments. The intense bidding of the site shows that developers believe Rivercove Residence has a high potential capital gain and foresee a growth of Sengkang area. 

Rivercove Residences Indicative Price ranges appropriately between $820 psf – $920 psf. The new launched private condominium around the vicinity are selling at an average of $1280 psf. Rivercove Residences is definitely a good investment.

Rivercove Residences EC Land Bids

WHY BUY RIVERCOVE RESIDENCES EC

5 Reasons Why Purchase An Executive Condominium (EC)?

  • Affordability – Executive Condominium is usually priced around 15% – 20 % lower than a Condominium in the same area.
  • CPF Housing Grant – First-Timer buyers gets to enjoy up to $30,000 CPF grant.
  • Potential Future Capital Appreciation – Due to the fact that EC are priced much lower than a private condominium, In future EC buyers tend to maximize their profit margin when they sell their property 5 to 10 years later.
  • Full Condominium Facilities – EC is just like a private condominium so all buyers can use the facilities to have some fun time together with their family.
  • Only the Privileged can buy EC – Buying an Executive Condominium need to have at least a Singapore Citizen applicant and meet all the eligibility criteria in order to be able to purchase.

Rivecove Residences EC Supply in Singapore

Rivecove Residences EC Supply in Singapore

Rivercove Residences EC Comparative Market AnalysisWhy Should You Buy Rivercove Residences?

  • Highly awaited one and only Executive Condominium Launch in 2018.
  • Within 1 Km from Nan Chiau Primary School and various good schools.
  • Near TongKang LRT and Two stops away from Sengkang MRT Station.
  • Easy access to major expressways: TPE, SLE, KPE, CTE.
  • Near the Seletar Mall and Compass One Shopping Mall.
  • Reputable and awards winning Developers.

What is unique about Rivecove Residences?

  • Sale of Unit and CPF Housing Grant subjected to Eigibility Conditions.
  • Different Types of CPF Housing Grants Applicable (if eligible).
  • Free Shuttle Bus Service to nearby MRT station for 15 month upon TOP.

SMART home features with Wireless SMART home system:

  1. 1 no. of SMART home centre lite
  2. 1 no. IP camera
  3. 1 no. Lighting control and 1 no. Air-con control
  4. 1 no. Zwave module for digital lockset control for all units.
  5. 1 no. Digital Lockset for main entrance.

The above features can be controlled remotely via an app. provided the Home owner has subscribed to their own internet service.

  • SMART living concept that allows booking of condominium facilities, online payment of maintenance fees, arrange for home cleaning service, parties all via an app.
  • Riverfront living next to the tranquil and scenic Sungei Punggol/Punggol/Punggol Reservoir.
  • Unique layout with kitchen connected to baconies (promotes a different lifestyle).
  • Dry and wet kitchen concept for selected 4 and 5 bedroom unit type.
  • All units have north-south orientation that maximise nautral ventilation and no west sun.
  • 5 Sensational Zones – Nature Zone, Fitness Zone, Relaxation Zone, Active Zone and Family Zone.
  • Facilities for all ages and generation (Outdoor Fitness Area, Hydrotherapy pool, ample kid’s facilities).
  • Direct access to the park connector via the residents’ side gate.
  • Ample Bicycle parking lots and bicycle washing bay.
E-APPLICATION / CONTACT US

E-Application:

Loan Assessment, Payment Schemes, Financing and Procedures are some things to take notes :

  • What is the Maximum Loan amount you can get from the bank using MSR 30% Calculations?
  • How much CPF can be utilize for the purchase?
  • What are the types of Payment Schemes available? Which payment scheme suits you more?
  • The amount of Cash or Cpf you need to prepare in order to buy a unit?
  • Would you like to do an In-Principle-Approval (IPA) assessment with our various panel bankers?
  • What are the documents that you need to prepare and submit to HDB? 

E-Application is an mandatory and compulsory electronic submission form to HDB for purchasing of Executive Condominium in Singapore. The purpose is to let Housing Development Board (HDB) assess the eligibility of those applicants who are keen and interested to purchase a unit if they are eligible to buy.

Applicants should contact our Rivercove Residences EC Developer Appointed Sales Team Hotline 9298 6002 if you have any further enquiries or encounter any issues during the process of submission.

Contact Us:

Call Hotline: +65 9298 6002 | +65 6655 9453

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