Demand for Unsold ECs in Punggol

The Rivercove Residences EC is a project located on Anchorvale lane adjacent to Layar LRT Station Fernvale. It is developed by Hoi Hup Reality and Sunway Developments. For the EC’s plot of land, Hoi Hup won the bid for $235 million. The project has occupied 226,117sqft area with 30 storeys and approximately 635 units. Rivercove Residence are received well by HDB up-graders since there are not many EC units around Punggol and Sengkang region.

Unsold ECs in Punggol and Sengkang

There are many important facilities around the area such as Compass One shopping center which is just located close to the Sengkang MRT Station. The shopping center is walking distance that will provide EC’s residences with their basic needs. The residence can also participate in indoor games and recreation exercises at the Sengkang Sports and Recreation center. The Rivercove Residence EC has a tenure period of 99 years. It has a land size of 21,046sqm which is located at Anchorvale lane in Sengkang.

The number of units is approximated to be 635 residential units. The gross area of the floor is 63,043.8 square per meter. The number of blocks and TOP are to be advised in due time. Hoi Hup Realty is the developer of Rivercove Residence EC. There is alot of demand for unsold ECs in the North and North East area such as Punggol as buyers are looking for undervalued properties around the Sungei Punggol region.

Demand Expected to be Strong in Rivercove Residences EC

The residence is located at Sengkang, Anchorvale road near to Fernvale area. Seletar Mall which is popular among the residence of Sengkang area is close to Rivercove. The mall will provide the EC’s residence with a place to buy their basic commodities. Rivercove residences EC have a recreation center nearby, the Sengkang Sports and Recreation Centre. They can also engage in leisure activities with their family at Sengkang River Park. Sengkang General and community Hospital is also a walking distance for the residence of Rivercove.

It is noted that previously, there has been many ECs around the area in Sengkang such as Treasure Crest, Bellewaters and The Vales. In particular, there were no takes for the smaller size units. However, with the recent pick up of the real estate market, many of the unsold inventory has already been taken up and this proves that there are buyers now looking at ECs in the North as well as the North East area.

Rivercove EC Hoi Hup Realty

Layar LRT, Tongkang LRT and Sengkang MRT Stations are all nearby for the residence at EC. Transportation will not be an issue for the residing people. The children of the people staying at Rivercove are also catered for. The schools close by include: Nan Chiau Primary, Nan Chiau High and Pei Hwa Secondary Schools. The location of Rivercove Residences is ideal for the view which is provided for by Sengkang Riverside Park and Sungei Punggol. The noise produced from the LRT station is reduced by the design of the site. The units face the opposite direction from the stations. This project will overlook the Sengkang Luxurious Riverside area.

The Rivercove Residences EC has a 3, 4 and 5 bedroom units. There will two faces that the units will have, the Sengkang West Way and the Sengkang Avenue. Residence that will occupy 6th floor and above, will have a clear view all around.

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