{"id":84890,"date":"2018-04-10T10:12:38","date_gmt":"2018-04-10T03:12:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/rivercove-residences-ec-oversubscribed-2-5-times\/"},"modified":"2018-04-10T11:03:33","modified_gmt":"2018-04-10T04:03:33","slug":"rivercove-residences-ec-oversubscribed-2-5-times","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rivercove-residences-ec-oversubscribed-2-5-times\/","title":{"rendered":"Rivercove Residences EC oversubscribed 2.5 times"},"content":{"rendered":"


\nArtist\u2019s impression of Rivercove Residences EC in Sengkang.
\nThe Rivercove Residences executive condominium (EC) in Sengkang has attracted over 1,500 e-applications since its preview launch on 1 April, said developer Hoi Hup Sunway on Monday (9 Apr).
\nThis translates to an oversubscription rate of 2.5 times for the project\u2019s 628 units.
\nMore: 10 Facts You Should Know About ECs
\nDuring this period, more than 9,000 people visited the showflat located at the junction of Anchorvale Lane and Sengkang East Avenue.
\nThe 99-year leasehold project comprises a range of three- to five-bedroom units from 904 sq ft to 1,485 sq ft. Prices start from $830,000 for a three-bedroom, $1.1 million for a four-bedroom and $1.34 million for a five-bedroom.
\nThe e-application exercise will close tomorrow (11 Apr), while the booking of units will commence on 14 April.
\nLocated close to Sengkang MRT station, Rivercove Residences is the only new EC launch in 2018.
\nAccording to latest data from the Urban Redevelopment Authority, there are only 212 unsold EC units in the market. This is the lowest number since May 2013 when 213 unsold units were recorded.
\n\u201cWith the supply of ECs drying up and a rising private residential market, we expect demand and price outlook for ECs to be strong,\u201d said Tricia Song, head of research at Colliers International.
\nShe added that the record price of $583 psf per plot ratio for the Sumang Walk EC site in Punggol could result in a breakeven price of $950 psf, \u201chigher than transacted prices for all new ECs, perhaps pointing to sharply higher EC prices two years down the road\u201d.
\nFor the latest property news, trends, resources and expert opinions, visit our\u00a0Property News\u00a0page. Home buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Rivercove Residences EC oversubscribed 2.5 times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Rivercove Residences EC in Sengkang. The Rivercove Residences executive condominium (EC) in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-84890","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-m5c","jetpack-related-posts":[{"id":83921,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rivercove-residences-ec-to-open-for-e-application-on-1-april\/","url_meta":{"origin":84890,"position":0},"title":"Rivercove Residences EC to open for e-application on 1 April","date":"March 28, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Rivercove Residences, which offers views of Sungei Punggol. Rivercove Residences, the only new executive condominium (EC) launch in 2018, will open for e-application this Sunday (1 Apr), said developer Hoi Hup Sunway \u2013 a consortium comprising Hoi Hup Realty and Sunway Developments. Located along Anchorvale Lane\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85456,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rivercove-residences-ec-nearly-80-sold-at-average-965-psf\/","url_meta":{"origin":84890,"position":1},"title":"Rivercove Residences EC nearly 80% sold at average $965 psf","date":"April 16, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Rivercove Residences EC in Sengkang. Rivercove Residences\u2019 first ballot and booking exercise saw close to 80 percent of its 628 units sold at an average price of $965 psf, reported the Business Times. The executive condominium (EC) project in Sengkang, which is this year\u2019s only new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84368,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/10-facts-you-should-know-about-ecs\/","url_meta":{"origin":84890,"position":2},"title":"10 facts you should know about ECs","date":"April 2, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Rivercove Residences EC in Sengkang. The 628-unit Rivercove Residences executive condominium (EC) at Anchorvale Lane in Sengkang opened for e-application on Sunday (1 Apr). More than 3,000 people visited the showflat yesterday, which is located at the junction of Anchorvale Lane and Sengkang East Avenue. Developed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88247,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-surge-68-to-1325-units-in-april\/","url_meta":{"origin":84890,"position":3},"title":"Developer sales surge 68% to 1,325 units in April","date":"May 15, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Rivercove Residences EC in Sengkang. Sales of new private homes, including executive condominiums (ECs), rose 68.1 percent in April to 1,325 units from 788 in the previous month, according to latest figures from the Urban Redevelopment Authority. Excluding ECs, developers sold 729 private units last month,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111858,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sengkang-grand-residences-apartments-to-open-for-preview-on-friday-with-units-priced-from-798000\/","url_meta":{"origin":84890,"position":4},"title":"Sengkang Grand Residences apartments to open for preview on Friday, with units priced from $798,000","date":"October 24, 2019","format":false,"excerpt":"\r Located in Sengkang Central, the residential component comprises 680 residential units that are spread across nine blocks. Prices start from $798,000 for the one-bedroom with a study unit.\u00a0\u00a0 Property developers CapitaLand and City Developments Limited (CDL) are set to open Sengkang Grand Residences for public preview this Friday (25\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/216-sengkang-grand-residences-units-sold-at-launch-weekend\/","url_meta":{"origin":84890,"position":5},"title":"216 Sengkang Grand Residences units sold at launch weekend","date":"November 4, 2019","format":false,"excerpt":"\r Singaporeans accounted for the bulk of the buyers at 93%, while the remaining 7% were permanent residents and foreigners primarily from Malaysia, China, India and the Philippines. Photo: CDL Developers CapitaLand and City Developments Limited (CDL) sold 216 of the 280 units released for sale at Sengkang Grand Residences\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84890"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=84890"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84890\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=84890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=84890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=84890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}