Rivercove Residences EC is the latest EC by Hoi Hup Realty set to launch in the Sengkang and Anchorvale area. This EC’s winning bid came from Hoi Hup’s bid of $235million for the plot of land. With the bid, Hoi Hup is set to launch this EC in Anchorvale Lane and this EC is set to be well-received due to the fact that there has not been any new EC other than Lush Acres in the immediate area.

Rivercove Residences Anchorvale Lane at Sengkang

Rivercove Residences Project Information

Project Name Rivercove Residences EC
Address Anchorvale Lane
Developer Hoi Hup Realty & Sunway Developments
Tenure 99 years
District D28
Site Area 226,117 sqft
Gross Floor Area 678,342 sqft
No of Blocks To Be Advised
No of Storeys 30
No of Units Approximately 635 Units
TOP To Be Advised

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Rivercove Residences Location

Rivercove Residences EC Hoi Hup Realty

Also, Rivercove Residences EC Anchorvale Lane is expected to be well received given that Treasure Crest by Sim Lian Land was sold out 70% on the launch date. Analyst also note there are not many EC units left in the Punggol Sengkang area and Rivercove Residences Sunway Developments will be well received by HDB upgraders around in the Punggol and Sengkang area.

Nan Chiau Primary School

Nan Chiau Primary School is a highly established primary school in Singapore that has has an extensive history. Its emphasis on bilingualism and biculturalism as well as an emphasis on Chinese Language and Literature makes it one of the highly sought after schools in Singapore.

The school now operates under the Special Assistance Plan (SAP) for its students and has been in effect since 2001.

Rivercove Residences EC Sunway Developments Pte Ltd

Rivercove Residences Hoi Hup Realty is located in the Sengkang and Anchorvale area with many amenities are facilities located in the area. The iconic Compass One Shopping Centre located next to Sengkang MRT Station provides all the daily necessities for the residents of Rivercove Residences EC by Hoi Hup Realty and Sunway Developments. For example, anchor tenants such as Cold Storage, Kopitiam and MacDonald’s are located in Compass One.

10 Blocks of 16 Storeys Development at Anchorvale

Rivercove Residences Anchorvale Lane is also located near to Sengkang Sports and Recreation Centre where there are ample facilities such as a indoor swimming pool as well as water slides for some quality family time. Compass One shopping centre is one of the more popular shopping centres in Geylang as it is linked directly to the adjacent Sengkang MRT/LRT Station with many anchor tenants available at the mall. The proposed development will consist of 10 Blocks of 16 storeys with a total of 620 units..

Sengkang MRT and LRT Map

Rivercove Residences is located near to Layar and Tongkang LRT Station. The LRT links to Sengkang MRT Station directly and residents can travel to Harbour Front as well as Dhobgy Ghaut MRT Station directly without having to change any trains.

Please see the LRT Map for Sengkang linking to Rivercove Residences. The nearest is Layar LRT Station.

  • The Seletar Mall located just minutes walk away from Rivercove Residence

    The Seletar Mall is a suburban shopping mall located in Fernvale of Sengkang. This is the first mall located in the North-East Singapore that houses a cinema to cater to the young and trendy. Construction of the mall started in year end 2012 and it officially opened on November 28 2014.

    The Seletar Mall is a very popular mall as it consist of many anchor tenants including Fairprice Finest as well as Starbucks and Popular Bookstore.

  • Jalan Kayu Eateries located near to the development

    Jalan Kayu is one of the more popular eating joints in Singapore that is famous for its prata joints located along the stretch of road. Jalan Kayu, which is located at the North East part of Singapore, is near to Rivercove Residences as well and offers the residents around the area an alternative choice to gather.

    Jalan Kayu has now grown to include other dining options as well such as gourmet outlets as well as alfresco bars which offers the patrons an additional place to gather with their friends and families.

  • Sengkang Sports and Recreation Centre More Facilities

    Sengkang Sports and Recreation Centre, which is formerly called Sengkang Sports Complex is located just minutes walk away from Rivercove EC. Sengkang Sports and Recreation Centre consist of 4 swimming pools, 5 swimming slides and other recreational sports facilities located within the development.

    There are also gym, dance studio as well as badminton courts and basketball courts available at Sengkang Sports and Recreation Centre to cater to the residents of Sengkang.

  • Kopitiam Square Located Right next to Sengkang MRT Station

    Residents living in Sengkang and Anchorvale Lane will get to enjoy a wide range of local delights and food selection at the Kopitiam Square which is located right next to Sengkang MRT Station. Kopitiam Square serves as one of the first hawker centre to promote a cashless dining experience for the young and trendy.

    There is a wide range of food selection with over 60 stalls at Kopitiam Square. Dining at Kopitiam Square is also a pleasant experience as it has a built in air cleaning system to remove unpleasant smells from the hawker centre.

Why Rivercove Residences EC at Anchorvale Lane

  • Located in the popular Sengkang area which is just minutes away from Sengkang MRT
  • Minutes Walk away from Sengkang Sports and Recreation Centre
  • Quality family time can be spent at the Sengkang Riverside Park
  • Reputable and experienced developer Hoi Hup for your next home
  • A whole range of local cuisines available at Kopitiam Square
  • Iconic The Seletar Mall with cinema located just a short walk away
  • Eateries along Jalan Kayu a short drive away from the development

30K CPF Housing Grant for 1st timers for Rivercove

Rivercove is an Executive Condominium located in Sengkang. For 1st timers who are looking to apply for an Executive Condominium Housing, there will be a CPF Housing Grant of up to $30K for buyers who are looking for a unit in Rivercove Hoi Hup EC. For couples who are both Singaporean citizens with combined income of $10K and below, the CPF Housing Grant will be $30K. For buyers who have a SC and SPR Household, there will be a half grant of $20K.

Balloting Sequence for 1st timers and 2nd timers for Rivercove

On Balloting Day, 1st and 2nd timers will ballot together for the choosing sequence for the units at Rivercove EC. The 1st in the queue will get to select a unit at their preferred choice. The next buyer in queue will select a unit based on the remaining choices available for selection. The selection will go on until the quota of the 2nd timers are reach. That is, if more than 30% of the units are sold to 2nd timers, the balloting will stop and no more 2nd timers will be allowed to buy. The subsequent balloting will then be held for 1st timers for the development.

Direct Subsidized Housing for Rivercove in Sengkang

A note that the grant amount are subject to HDB eligibility criteria and the exact grant amount will be determined by HDB and not by the developer. Submission for assessment for the grant amount will be determined once buyers have booked a unit for the development. The assessment should be done in 6-8 weeks depending on HDB’s process criteria.

Rivercove Residences EC Anchorvale Lane Sengkang

Compass One

Compass One Shopping Centre was the previous Compass Point located next to Sengkang MRT Station. It underwent renovation works for more retail space and is one of the most popular shopping malls located in the Sengkang area. Compass One is directly integrated with the residential component Compass Heights.

There are several anchor tenants such as Cold Storage Supermarket as well as Bread Talk which is located in the shopping centre. Sengkang Public Library is also located at Compass One Shopping Centre.

Sengkang Sports & Recreation Centre

Sengkang Sports and Recreation Centre is a lifestyle complex that is formerly known as the Sengkang Sports Complex. It is a development build to improve the lifestyle options for Sengkang residents as Sengkang Town is increasingly becoming populated. Sengkang Sports and Recreation Centre is sitting on 4 hectres of land.

Sengkang sports and recreational sports centre is located in Pasir Ris- Punggol Group Representation constituency. It was built so that it boost amenities in this constituency and also in in Sengkang New Town. In the early 2000 Singapore was going through tough economic times but despite this the Singapore sports council and the People’s Association didn’t consider this bit instead they initialize plans of this new complex.

There are many facilities located within the mall such as a community club and 4 swimming pools. There are also 5 water slides for the kids as well as dining options available at the complex it self. To relax with your family and friends, there is also a waterfront cafe as well.

The Seletar Mall

The Seletar Mall is a highly popular mall located next to Fernvale LRT Station. It is a few minutes away away from Rivercove Residences EC. The Seletar Mall is a relatively new mall that is jointly developed by SPH and United Engineers Limit. The complex consist of 4 levels and 2 basement levels of F&B as well as retail options available.

There are several anchor tenants located within The Seletar Mall such as NTUC Fairprice Finest as well as Shaw Theatres. The NTUC Fairprice finest operates 24 hours daily and the cinema is the first to operate in Sengkang Town.

Sengkang General and Community Hospital

The Seletar Mall is a highly popular mall located next to Fernvale LRT Station. It is a few minutes away away from Rivercove Residences EC. The Seletar Mall is a relatively new mall that is jointly developed by SPH and United Engineers Limit. The complex consist of 4 levels and 2 basement levels of F&B as well as retail options available.

There are several anchor tenants located within The Seletar Mall such as NTUC Fairprice Finest as well as Shaw Theatres. The NTUC Fairprice finest operates 24 hours daily and the cinema is the first to operate in Sengkang Town.

Sengkang general hospital is construction will be completed by 2018, it is going to be one of the biggest and of its kind in Singapore. This hospital is quite accessible due to the nearby public means of transport like the SengKang bust interchange the Sengkang MRT station and the Cheng Lim LRT station. During an emergency an entry point only dedicated for ambulance entry that is A and E is reserved. Other pick off and drop off points at general hospitals and special clinics are also available to ease quick delivery of health services.

Rivercove Residences EC Next to Layar LRT Station

With the recent pick up in EC sales particularly around in the Sengkang area, developers note that there are not many remaining inventory units in the area and therefore condo launch will receive great response from buyers. The location of Rivercove Residences Hoi Hup is also unique as it is situated next to Punggol Waterfront district where owners can spend some quality time with their family. Rivercove Residences showflat location is located at Anchorvale in Sengkang. Also, a note that the other ECs in Punggol and Sengkang such as Bellewaters, Treasure Crest, The Vales and Hundred Palms Residences is fully sold.

Rivercove Residences is also near to established schools such as Nan Chiau High School, Nan Chiau Primary School as well as Pei Hwa Secondary School. The development is also located near to Sengkang General Hospital and Sengkang Riverside Park. For food lovers, the iconic Kopitiam Square is also located next to Sengkang MRT Station which a short walk away from Rivercove Residence. Rivercove Residence launch date is not confirmed yet but will be announced soon.

Rivercove Residences E-Application Date

This is called that the e-application stage. Buyers who think that they might have some interest in the development will be encouraged to do an application at the show flat. Rivercove Residenncea e-application stage also checks the eligibility as well as other conditions as well so that they can make a more informed decision.

After the year application station, should buyers feel that they would like to commit a unit they can be present at the Rivercove residences booking date, which is usually 2 weeks later after the initial the e-application. The launch date will be announced soon.

Sengkang Sports and Recreation Centre Located at Anchorvale Land Near Rivercove Residences EC

Top Bid of S$287.1 million for Rivercove Residences EC

For owners of Rivercove Residences Executive Condominium who are looking mostly staying in their unit, there are many facilities to rejoice about on top of the amenities around in the area. There is a full size 50m swimming pool for the residents to indulge in a leisure swim after their work. There is also a spacious function room conveniently located in the heart of the development for residents to conduct their business meetings or even their own birthday parties at the comfort of their own home.

Total of 16 Bids for Anchorvale Lane EC Site

The site at Rivercove Residences attracted a total of 16 bids for the plot of land at Anchorvale Lane EC which suggest that developers are hungry for land and that the recent pick up in the Singapore real estate market meant that buyers who are first or second timers are still looking for a executive condominium which is priced right in today’s market. The highest bid for the plot of land was submitted by Hoi Hup Realty which is S$240.95 million and the calculation based on the plot ratio is S$355 per square foot per plot ratio (psf ppr).

Rivercove EC Hoi Hup Realty Private Limited

The competition for the plot of land was tough as it is noted that many bidders submitted with City Developments Limited’s unit Bellevue Properties was the lowest bidder which submitted  S$176 million or S$259.36 psf ppr.

Analyst note that demand for Rivercove Residences will be steady as the bids suggested that there is not many units available right now in Sengkang and Anchorvale and that when the preview and launching date for Rivercove Residences is nearer, there will be a backlog of demand. Hundred Palms Residences which is also by Hoi Hip Realty is fully sold out and this suggest that buyers are still looking for an attractively priced EC located in the Sengkang and Fernvale area.

Sengkang Riverside Park Rivercove Residences EC Anchorvale Lane

Rivercove Residences EC Showflat and Indicative Prices

Analyst note that not only is buyers looking for ECs around the Sengkang area, developers too can be seen are enthusiastic about the prospects of Rivercove Residences EC as there was a total of 16 bids which came in to secure the marketing rights for the plot of land. The bids received by other developers as well as Hoi Hup Realty was also very close which suggest that developers are vying for the land and the top bid was made by Hoi Hup for $240.95 million which is around $355psf ppr. It is note that the selling price of the EC should be around in the range of $820psf. This project should launch around in 1st half 2018.

Please see Rivercove Residences site plan and floor plans for more information.

Sengkang Town Development Plans

Sengkang is a town situated in North Eastern part of Singapore and lies on the North part of Hougang New Town. In the past, the town was utilized as pig farms and tropical forests and vegetables was also grown in the area. The town is currently a residential town where it has been developed into a modern housing estate. Sengkang borders Seletar and Punggol to the North, Pasir and Paya Lebar to the East, Serangoon to the South and Ang Mo Kio and Yishun to the west.

The Housing and Development Board is undertaking a rapid housing development plans in the town which will see it become the best developed town. The Board is looking to transform the town into a modern and mature housing estate. The name Sengkang is a Chinese word which means prosperous harbour which is derived from a road called Lorong Sengkang. The town was earlier famous for pineapple plantations, pepper and fishing before it was transformed into a town.

Sungei Punggol and Sungei Serangoon Amenities

The town is supplied with water by Sungei Punggol and Sungei Serangoon rivers which pass through the town. The rivers also supply water to Sengkang Riverside Park and Sengkang Swimming Complex to provide recreational facilities to the locals. The town has earned its prestige by being the first town in Singapore to build its public transport amenities in tandem with the main public housing development.

Sengkang boast of a fully operational automated heavy rail mass rapid transit system which offers transport to other towns. The town also enjoys a bus interchange which is located at the ground level of Compass Heights Condominiums and is in close proximity to Toa Payoh Bus Interchange. The town also enjoys a well elaborate and extensive road network which makes getting into and out of Singapore to be easy.

Sengkang is surrounded by elite learning institutions with 12 primary schools, a junior college and six secondary schools. It is also home to worship centers where there are churches, Chinese Temples, Hindu Temples and mosques.

Anchorvale Lane in the Neighbourhood of Sengkang New Town

Anchorvale Lane is located in the western part of Sengkang Town that is bounded by Sengkang West Ave and Sengkang East Avenue. Anchorvale Lane is also located next to Sungei Punggol as well as the kite flying area located in Sengkang Town. Anchorvale Lane is a new neighbourhood to be launched in an effort to expand the Sengkang Town as demand for both private and HDB flats have increased. Anchorvale Town is served by many of the LRT Stations which links directly to Sengkang MRT Station. The Sengkang MRT Station is located at the North-East MRT Line and links directly to the city area.

Anchorvale Lane located is served by many of the amenities located in Sengkang such as the Sengkang Sports and Recreation Centre as well as The Seletar Mall. Anchorvale Residents are nearer to these facilities compared to residents from Sengkang East.