Rivercove Residences – Prices & Updates
Rivercove Residences – Land Parcel Price
Rivercove Residences – Prices Guide
A successful S$240.95 Million Tender Bid for Hoi Hup and Suway Developments
The Rivercove Residences EC site was hotly competed and attractive, in fact it had 16 developers bidding on the property – the most competitive since 2013.
Under usual conditions and most of the time, the average number of developers competing and bidding for an EC tender in Singapore is averaged around 7 to 9 unique bids.
Rivercove Residences EC location was very highly sought after due to its potential to build a waterfront EC and thus was sold for an eye popping S$240.95 million to a joint venture, a cooperation between Hoi Hup Realty and Sunway Developments.
This competitive tender and result is due to the premium location, URA’s plan for the long term growth of Sengkang Estate, following URA’s government masterplan, and also an a buoyant and optimistic EC market demands.
With the Rivercove Residences launch date projected for later after CNY 2018, it has come at a very good time for EC buyers.
Nearby ECs’ Prices (Indicative PSF)
Sengkang has already a fair share of Executive Condominium Launches over the past years, the launch price according to media release and reports will be around 820psf, subject to changes.
Do take easy reference that this is will not be the final selling price as the developers, Hoi Hup Realty and Sunway Developments will do their comparative market analysis and launch at an ideal price for the market. To get the best price and VIP Discount, do register early and follow our link here.