Rivercove Residences – Is it worth buying?

Rivercove Residences located at Anchorvale Lane in Sengkang provides an extraordinary opportunity for investment for 1st time homeowners and aspiring HDB upgraders to own a beautifully designed residential home developed by a private developer. This 635 units executive condominium is residing in the heart of Sengkang with the lustful greenery waterfront view of Sungei Punggol and close to Sengkang Riverside Park.

At Rivercove Residences, residents are surrounded by well-maintained and modern facilities such as a full-size swimming pool, children’s play pool, children play area, fully equipped gym and a spacious clubhouse. Jointly developed by Hoi Hup Realty and Sunway Developments, this new Anchorvale lane EC is expected to woo home buyers with its excellent location facing the Sungei Punggol. As a renowned developer, Hoi Hup Realty is a dynamic property developer established since 1983.

Rivercove Developer - Hoi Hup Realty and Sunway
Rivercove Developer – Hoi Hup Realty and Sunway

This EC along Anchorvale Lane is conveniently linked to Central Expressway (CTE), Seletar Expressway (SLE), Tampines Expressway (TPE) and Kallang Paya Lebar Expressway (KPE). Residents are minutes away from distinct areas in Singapore and the Central Business District (CBD) of Singapore.

Floorplans of Rivercove Residences are well layout with ample space for comfortable family living. Choices of 2 bedrooms to the limited 5 bedrooms are available for selection by home owners. Units are also equipped with the latest SMART home automation features and decorated with high quality finishing and fittings.

For school going families, Rivercove Residences is close to several top class education institutions such as Anchor Green Primary School, Nan Chiau Primary School, and Springdale Primary School. The Sengkang Sports and Recreation Centre and Anchorvale Community Club will provide residents of Rivercove Residences with unparallel access to more recreation activities and a healthier lifestyle awaits.

Due to the strong demand for executive condominiums in the North Eastern part of Singapore and zero supply of units currently available in the vicinity,  property analysts are expecting another sell out at Rivercove Residences EC as it will be the only EC launch in the Sengkang neighbourhood in 2018. Rivercove Residences’ Pricesis poised to be set at an average price of around $780 to $820 per square feet. This is a development not to be missed if you are considering to own an executive condominium.

Victoria Park Villas – Luxurious, high end landed living

Developed by one of the country’s most reputable developers, Capitaland Group, and designed by three renowned independent architects, Victoria Park Villas is an exciting and attractive development in 2017.

Victoria Park Villas
Victoria Park Villas

The prestigious project is made up of 106 units of Semi-Detached garden villas and pool villas and 3 spacious  2-storey Bungalows. Built next to Coronation Ville and opposite to Coronation Grove, Coronation Road and Coronation Village, Victoria Park Villas is a new development of landed houses near city fringe brought to you under the subsidiary Athens Residential Development Pte Ltd.

Constructed on elevated grounds, Victoria Park Villas’s contemporary architecture reflects , sophisticated elegant stand coupled with modern technology that attracts many young home owners.

Victoria Park Villas is close to reputable local institutions and schools such as Hwa Chong Institution, Saint Margaret’s Secondary School, Nanyang Primary School, Raffles Girls’ Primary College , Nanyang Girls’ High School, Hwa Chong Junior College, National Junior University and National University of Singapore. It takes less than 15 minutes drive to the business hub and vibrant Orchard Road shopping belt, via Bukit Timah Road or Farrer Street. As an iconic landed development by CapitaLand Singapore, Victoria Park Villas is designed by three independent architects, led by master architect Mok Wei from the world famous firm W Architects. The property is poised to offer high quality in its finishings and fittings through the semi detached garden villas, pool villas and bungalows.

The Victoria Park Villas is a hallmark of great luxurious lifestyle living and it has brought together essential components of space, excellent layout, luxurious finishings, modern design and architecture. In additional, technological advances such as home automation and integrated security features all housed in this development.  Designed for convenience and accessibility, all bedrooms in the housing estate comes with en suite bathroom. A private lift is also provided to serve all levels, including the \ covered car porch and bedroom at the basement on the road level.

For more good local food stalls options, Victoria Park Villas’s future residents can head down to among the many food centres nearby such as Empress Market & Food Centre, Adam Road Food Center, Holland Village Corner Market & Food Centre and Holland Drive Marketplace & Food Center, which all of them are just within close proximity.

Victoria Park Villas is built on a site area of 8 hectares or 38,000 square meters, and a landed type classification under URA Masterplan. Victoria Park Villas has commenced construction in 2016 and is expected to complete within the designated time frame.

In this high class district of Coronation neighbourood, there are many high-profile professionals, expatriates, businessmans residing in spacious houses and bungalows. As Farrer Road MRT Station and Tan Kah Kee MRT Station are located within close proximity to these garden villas and bungalows, Victoria Park Villas are highly sought after by many homebuyers.

The location of Victoria Park Villa is easily access Singapore’s well connected public transportation system and enables its residents to travel to major partes of Singapore in a breeze. The landed development is also one of the first landed housing cluster to feature smart home features where residents can enjoy the convenience of remotely controlling the interiors such as lightings, air-conditioners and security systems via their smart phones’ mobile applications  Singapore’s comprehensive MRT network allows residents of Victoria Park Villas easy access to Central Singapore and all over Singapore, be it for work or leisure. All residences will get to enjoy proximity to recreation amentities and activity areas like Jacob Ballas Children’s Garden, Victoria Recreation area, Singapore, Botanic Gardens etc.

Completing in 2018, Victoria Park Villas presents a keenly awaited opportunity for homebuyers to own a brand new garden villas of semi detached houses in one of the most sought-after addresses in Singapore of Victoria Park Grove. Capitaland’s Victoria Park Villas offers the best for residents and home buyers, as the houses are located near to the central part of Singapore while being nestled in a tranquil neighbourhood filled with greenery of prime district of Coronation Road.

Enbloc Fever in Singapore, September 2017

On 23 September 2017, Sun Rosier at Bartley was sold for $271 million to joint venture between SingHaiyi Properties and Huajiang International Corporation. Its marketing agent Huttons Asia said the offer by SingHaiyi tops all other 4 offers at $1,885 per sq ft (psf) and is 15% higher than the asking price.

The condominium, built in 1985, is a five-minute walk from Bartley MRT station and near several good schools including Maris Stella High, St Gabriel’s Secondary and Paya Lebar Methodist Girls’ (Secondary). The owners stand to reap between $2.86 million and $4.77 million each.

Another enbloc potential Spring Grove condominium is aiming for a successful bid for enbloc sales after the last failed collective sale in 2014. The total quantum of the sale could reach $1 billion for this 325 unit development in Orange Road. With a premium address and proximity to the shopping belt of Orchard Road and Central Business District, this may be one of the largest enbloc deal in 2017.

While optimism grows among the owners of the condomium, one of the main obstacle is the ownership of the land. The current lease left stands at 73 years and after the expiry of the lease, the land belongs to the US government. Thus the successful developer has to pay the owners of Spring Grove Condominium and the US government.

There are several developments in Singapore which has good enbloc potential. According to EdgeProp, the developments are Balmoral Point, Crystal Tower, Dalvey Court, Derby Court, East Grove, Grange Heights, High Point, Still Mansions and Tan Tong Meng Tower. These developments are generally older and are considered small developments with smaller number of units. Most importantly, the plot ratio of the land can be enhanced.

Recent collective en bloc sales in Singapore include Tampines Court, Eunoville and Rio Casa. With many successful deals completed in 2017, we are expecting more to come where Pine Grove, Jervois Gardens and Amber Park are attempting to join the fever.