Rivercove Residences is a brand new EC situated in Anchorvale Lane, Sengkang of District 19. The large 226,000 square feet land is expected to house 635 residential units with communal facilities and parking space for residents. To be jointly developed by Hoi Hup Realty and Sunway Developments, the new Anchorvale lane EC is poised to attract home buyers with its unique location.
The land parcel attracted a whopping 16 bidders to cast a bid, it is the highest number since the tender for a Yuan Ching Road site, now Lake Life, in July 2013. The emerging winner submitted the top bid of $240.95 million or $355 per square foot per plot ratio (psf ppr). Taking into consideration construction and other miscellaneous cost, the Rivercove Residences price is expected to be starting from approximately $720k to $750k.
- Investment potential – With a whole range of developments going on since more than 10 years ago from medical facilities such as the Sengkang Community Hospital and the increasing number of private condo nearby such as Riverbank at Fernvale, it is evident that our government and developers are confident of the growth in the North-East region. Rivercove Residences TOP date is expected to be around year 2021, just in time to be part of the evolution in the region where owners can also tap onto the future rental potential in the nearby Seletar Aerospace.
In 2006, the government of Singapore has announced the plan of developing a new aerospace park together with other agencies such as the Economic Development Board(EBD) and JTC Corporation. This is derived with the exceptional growth potential of aerospace industry and the increasing demand of aviation related services locally. The entire Seletar Aerospace Park will feature businesses such as repair & overhaul, design & manufacturing of aviation systems and peripheral, aerospace maintenance and even a campus for training of aviation professionals, technical staff and pilots.Located approximately 7 minutes away from Rivercove Residences EC Anchorvale Lane, the Selatar aerospace park occupies an enormous land size of 140 hectares just beside the Seletar Airport where S$60 million will be invested to further strength our position as an aviation hub.
Large Multi-National Companies(MNCs) such as Jet Aviation, Rolls-Royce, Airbus Helicopters South East Asia, EADS Innovation Works and Singapore Technologies Aviation are already in operation there. Moving forward, there will be more expansion and hence more job opportunities in the area which in turn translates into housing needs for the nearby properties capital appreciation.
TRE Residences is a new condominium exceptionally located at Geylang East Avenue 1, right next to Aljunied MRT station. This is by far the nearest proximity to the Aljunied MRT station where a condominium is located in the precinct.
TRE Residences Aljunied comprises of 2 towers of 17 storeys housing 250 residential units. The Aljunied condo is strategically located between 2 commercial nodes at Kallang Riverside and Paya Lebar Central where after developed, there will be 500,000 square meters of office, retail and residential space. The official TRE Residences TOP date is at December 2018. However, it is anticipated that it should be ready around mid of 2018 due to the swift construction progress.
Right Entry Price – The TRE Residences price of a 3 bedroom is one of the lowest you can find in the market of new launch condo in Singapore. From only $1,121,000 or $1468 per square foot, it is much lower than nearby condos which similar proximity to an MRT station. For example, the recent launch of Park Place Residences located right beside Paya Lebar MRT station, which saw impressive sales where all of their released units were snapped up on launch day. The prices were sold up to $2,184 psf. This phenomenon is seen due to the lack of supply along the East-West Line of the MRT. Currently, TRE Residences developer is pricing their units at an extremely affordable entry where 4 bedrooms are only starting from $1,249,000, it is definitely a steal as compared to any other similar developments nearby.
Convenience and Amenities – TRE Residences condo is exceptional! Being located at the city fringe is already a privilege, but this is not all that the Aljunied new condo can offer. It is within close proximity to a myriad of shopping malls, markets and food centers serving the residents. Places such as SingPost Center, Paya Lebar Square, OneKM Mall, City Plaza, Tanjong Pagar Complex, Kallang Leisure Park, Kallang Wave Mall and the upcoming Paya Lebar Square.
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Gem Residences is poised to be the next condominium under the real estate market spotlight. After a long wait of seven years, HDB finally released a private residential site in the matured Toa Payoh estate. Competitively bided by 14 hopeful developers, the new Toa Payoh condo attracted a top bid of S$345.86 million from Evia Real Estate and Malaysia’s Gamuda Bhd. This works out to be approximately $747 per square foot per plot ratio and a break even of $1250 psf factoring in construction and other miscellaneous costs. Property expert forecast the Gem Residences psf to be in the range of $1450psf to $1550 psf during launch.
Gem Residences Toa Payoh residents has plenty of good schools nearby to choose from. Pei Chun Public School, First Toa Payoh Primary School, Guangyang Primary School, CHIJ Primary School (Toa Payoh), Marymount Convent School, Kuo Chuan Presbyterian, St Gabriel’s Primary School,St Andrew’s Junior School, Catholic High School (Primary), Raffles Institution, First Toa Payoh Secondary School, CHIJ Secondary School (Toa Payoh), Raffles Junior College and St. Andrew’s Junior College. New Condo in Toa Payoh Lorong 4/ Lorong 6 is near to Global Indian International School, SJI International School, Australian International School and Curtin University of Technology are all within close proximity to Gem Residences Singapore.
- Branded Fittings and Appliances – Gem Residences condo is to be fitted with one of the best furnishings in the market. Kitchen appliances such as the washing machine, cooker hood and hob, refrigerator and the limited edition Victorian styled oven are from renowned Italian high-end appliances manufacturer, SMEG. As for sanitary wares such as overhead showers, bathroom and kitchen mixers are from well known German sanitary fittings manufacturer, Hansgrohe.
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