Rivercove Residences EC (Anchorvale Lane)

Rivercove Residences ec

Will Hoi Hup continue 7 hours sold out streak with Rivercove Residences EC?

Rivercove Residences EC
Project Name Rivercove Residence
Developer Hoi Hup Realty
Address Anchorvale Lane
District D19 Sengkang
Property Type Executive Condominium
Tenure 99 Years Leasehold
Total Units Approx 630 units
Unit Mix 3 Bedroom to 5 Bedroom
Expect TOP Date 2021
Hundred Palms Residences

Hundred Palms Residences broke the fastest sales record with 100% sold out in 7 hours.  The main reason is due to the low supply of land bank for the executive condominium.

Now, we are waiting to witness another 100% sold out sales record streak for Rivercove Residences.

The executive condominium (EC) site along Anchorvale Lane was successfully bid by Hoi Hup Realty who beat the other 15 developers on Aug 2016.

Hoi Hup is known to be the dominator of the last two latest executive condominium (EC) launch in 2017 and 2018. Both projects are located in District 19.

Rivercove Residences EC site

Developer of Rivercove Residences

Hundred Palms Residences developer Hoi Hup

Hoi Hup bid the land at $335 psf per plot ratio, which is slightly higher than Hundred Palms Residences.

The new development named as Rivercove Residences and will yield approximately 630 EC units, ranging from 3 to 5 bedroom type.

The proposed name of  Rivercove Residences draws inspiration from where it’s located next to the river bay of Sungei Punggol.

Hoi Hup Realty is a well established residential developer since 34 years ago. Completed over 31 past condominium launch and currently is developing Sophia Hills at Dhoby Ghaut.  Hoi Hup has a pipeline of two executive condominium projects in District 19.

Rivercove Residences Location

Location of Rivercove Residences

It has been more than one year since the previous nearby EC, Treasure Crest launched for sale at Anchorvale Crest. The site is situated in a mature residential estate and is relatively close to town.

It is within 1km proximity to the reputable Nan Chiau Primary School which gives developers higher confidence that strong demand from young couples planning to enroll their children into the school.

Located in Sengkang West, Rivercove Residences is a perfect pre-planned town with good schools and a variety of amenities.

Rivercove Residences Location Map

To be completed in 2021, the residents in Rivercove Residences will be able to enjoy more amenities and recreational options and have access to more jobs near home.

Amenities Nearby Rivercove Residences

Nearby amenities include the Anchorvale Community Club, Sengkang Sports Centre, Compass One, Seletar mall, Sengkang General Hospital.  The nearest MRT and LRT station is Sengkang MRT station and Tongkang LRT station respectively.

Shopping Malls:

  • One Sengkang Mall
  • The Seletar Mall
  • Greenwich V
  • Kopitiam Square
  • Rivervale Plaza
  • Fernvale Point

Dining & Eateries Facilities:

  • Serangoon Garden 

  • Chomp Chomp Food Centre

  • Jalan Kayu Eateries

School/Educational Institution nearby :

  • Nan Chiau Primary School (within 1km)
  • Anchor Green Primary School
  • Compassvale Primary School
  • Punggol Green Primary School
  • Springdale Primary School.
  • Nan Chiau High School
  • CHIJ St. Joseph’s Convent.

Medical:

  • Sengkang General and Community Hospitals (completion in 2020)
  • Sengkang Polyclinic @ Sengkang Community Club
  • Thong Chai Medical Institution

We expect all these attributes will account for the high take up rate for the launch of  Rivercove Residences.

Enhancing the Connectivity in Sengkang

Served by integrated transport hub, Hougang is well connected to the other parts of Singapore via public transport.

Rivercove is easily accessible via TPE, CTE and KPE to all parts of Singapore. Traveling to the city takes only 25-minute drive.  In the near future when the North-South Expressway (NSE) is completed, the travel distance will be 5-min shorter.

North South Expressway near Hundred Palms Residences

Cross Island Line (CRL) will pass through Hougang when it starts operations by 2030 and will provide a direct MRT route to Changi and the west, as well as major towns over Singapore.

MRT near Hundred Palms Residences

When completed, the Cross Island Line (CRL) which joins from Jurong, West Coast, Clementi, Bukit Timah, Ang Mo Kio, Hougang, Pasir Ris, Punggol, Loyang and Changi.

In other words, the CRL will provide a faster shortcut route between Hougang and the east or west.

CRL near Hundred Palms Residences

Developments Near Rivercove Residences

Defu Industrial Park will be redeveloped to offer more jobs and better work environment with   cycling network and  amenities centre.  The upcoming new generation industrial park, Lorong Halus Industrial Park will create more jobs in light and clean industries, hence will boast a vibrant riverfront lined with lush greenery.

Defu Lane Industrial near Hundred Palms Residences

Serangoon Sub-Regional Centre is a new commercial development which provides office space outside the city.

Hundred Palms Residences

Seletar Aerospace Park (SAP) is currently hosting the leading firms such as Rolls-Royce Group, ST Aerospace and Eurocopter. When SAP completes the expansion works, it will create up to 10,000 jobs and generate highly-skilled employment opportunities.

Seletar Aerospace Park near Hundred Palms Residences

Unique Selling Point

  1. Extremely low supply in the executive condominium market.
  2. Reputable Nan Chiau Primary within 1km.
  3. Enjoy the beautiful unblocked view.
  4. Developed by the high-end developer, Hoi Hup Realty.

RIVERCOVE RESIDENCES

WOW!! WOW!! WOW!! SUPER ATTRACTIVE PRICE GUIDE

ESTIMATED INDICATIVE PRICE GUIDE
(For typical units only)

♦ 3BR (883sf to 1130sf): $7xxK to $9xxK  

♦ 4BR (1270sf to 1324sf): $1.0xM to $1.1xM  

♦ 5BR (1528sf): $1.1xM to $1.2xM  

All Penthouses: Estimated $20K to $25K to add on from the immediate level below

Prices are only an estimation not officially.

Credit: URA and LTA.

Let’s Review and Comment whether Rivercove Residence EC is a Good Buy! 

Rivercove Residences Overall rating: ★★★★★ 5 based on 6 reviews
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