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: (Source: Straits Times)
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.