Uncategorized

Top Bid for Rivercove Residences Hoi Hup EC

Short for encumbrance certificate, the Riverside Residence EC was won by Hoi Hup Realty Pte and Sunway Developments. It is located on Anchorvale Lane near Sengkang MRT which is a prime location for those in search of condos as it is in close proximity to several amenities. To begin with, there is Layar LRT station Fernvale, the Iconic Compass One shopping center where residents can obtain their daily necessities and the Seletar Mall which is perfect for the young and outgoing residents. The development is also a few minutes from the Sengkang Sports complex which features 4 swimming pools, a gym, a dance studio and a tennis court making it ideal for those who are into sports and fitness, and a stone throw away from Nan Chiau School which is the most sought after school in Singapore.

Top Bid From Hoi Hup Realty for Rivercove Residences

Rivercove Residence EC Hoi Hup Realty is positioned to be a premier development given the astronomical demand for ECs in Singapore. This EC is located on Anchorvale Lane, has a tenure of 99 years, and will be developed by Hoi Hup Realty alongside Sunway Developments. The structure is expected to have 30 stories and approximately 635 units. However, the number of blocks is yet to be decided. The site area is approximately 21104.6² meters, with the floor area calculated to be 63,043.8² meters. The development faces Sengkang Riverside Park which is ideal for family time. The top bid came from Hoi Hup Realty and Sunway Developments. Rivercove EC is a new development located at Sengkang. Rivercove Residences is a highly sought after development in the Northeast area.

Rivercove Residences Top Bid Singapore by Hoi Hup

As for the site and floor plans, they are just exquisite. The development is set to feature a swimming pool, an indoor gym, a tennis court, a children’s playground, and a barbecue area. The units are designed such that they are all facing the Sengkang Riverside Park, as well as the Sungei Punggol but away from the LRT station. This is set to reduce noise and offer you a luxurious resort lifestyle. Riverside Residence EC is set to boast 3, 4 and 5 bedroom units with 2 types of facing. The Sengkang West Avenue facing, and the Sengkang West Way facing, and being an epic development, and the highest in the area, units from the 6th floor are set to have a delightful, clear view.

Rivercove Anchorvale Lane

Being a monumental development, the price per square feet is not expected to be cheap. And rightfully so, considering the location and amenities included in the development. Hoi Hup and Sunway Developments placed the highest bid for the EC of S$240.95 million. This placed the price per square foot at S$335. Hoi Hup Realty is yet to release an indicative pricing but it’s expected that upon completion, the price will be in the S$800 to S$900 range per square foot.