{"id":85456,"date":"2018-04-16T11:47:20","date_gmt":"2018-04-16T04:47:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/rivercove-residences-ec-nearly-80-sold-at-average-965-psf\/"},"modified":"2018-04-16T12:02:53","modified_gmt":"2018-04-16T05:02:53","slug":"rivercove-residences-ec-nearly-80-sold-at-average-965-psf","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rivercove-residences-ec-nearly-80-sold-at-average-965-psf\/","title":{"rendered":"Rivercove Residences EC nearly 80% sold at average $965 psf"},"content":{"rendered":"


\nArtist\u2019s impression of Rivercove Residences EC in Sengkang.
\nRivercove 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.
\nThe executive condominium (EC) project in Sengkang, which is this year\u2019s only new EC launch, is jointly developed by Hoi Hup Realty and Sunway Developments.
\nMore: Rivercove Residences EC Oversubscribed 2.5 Times
\nFirst-time home buyers can walk in to book any of the remaining units at the showflat, but second-timers can only book units one month later. This comes as the 30 percent second-timer buyer quota of available units had been fully allocated during the exercise.
\nMeanwhile, JLL national director Ong Teck Hui noted that the $965 psf average price was not surprising given the robust demand for ECs.
\n\u201cIt is a rising market exacerbated by the shortage of supply for EC sites,\u201d he said. \u201cWhen the Sumang Walk site is launched, we could expect to see prices of $1,000 psf and above if prices continue to rise.\u201d
\nIn February, a joint venture between CDL Constellation and TID Residential submitted the top bid of $509.37 million, or a record $583 psf per plot ratio (psf ppr) for the EC site tender in Punggol.
\nCDL Constellation is a wholly-owned subsidiary of City Developments while TID Residential is owned by Mitsui Fudosan Co and Hong Leong Holdings.
\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, edited 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 nearly 80% sold at average 5 psf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Rivercove Residences EC in Sengkang. Rivercove Residences\u2019 first ballot and booking exercise...<\/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-85456","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-mek","jetpack-related-posts":[{"id":84890,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rivercove-residences-ec-oversubscribed-2-5-times\/","url_meta":{"origin":85456,"position":0},"title":"Rivercove Residences EC oversubscribed 2.5 times","date":"April 10, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Rivercove Residences EC in Sengkang. The 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). This translates to an oversubscription rate of 2.5 times for the project\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83921,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rivercove-residences-ec-to-open-for-e-application-on-1-april\/","url_meta":{"origin":85456,"position":1},"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":88247,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-surge-68-to-1325-units-in-april\/","url_meta":{"origin":85456,"position":2},"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":79856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-37-from-a-year-ago\/","url_meta":{"origin":85456,"position":3},"title":"New private home sales up 37% from a year ago","date":"February 14, 2018","format":false,"excerpt":"\r Symphony Suites sold 65 units in the month of January, making it the most popular project.\u00a0 Property developers sold 522 new private homes excluding executive condominiums (ECs) in January 2018, up 21 percent from 431 units in the month before, according to data published by the Urban Redevelopment Authority\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":85456,"position":4},"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":97292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/canberra-link-ec-site-receives-healthy-interest-with-nine-bids\/","url_meta":{"origin":85456,"position":5},"title":"Canberra Link EC site receives healthy interest with nine bids","date":"September 5, 2018","format":false,"excerpt":"\r Location map of the land parcel at Canberra Link. Source: HDB The tender for an executive condominium (EC) site in Canberra Link received nine bids, with Hoi Hup Realty and Sunway Developments submitting the highest bid of $271 million. Launched for sale on 28 June, the 99-year site has\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\/85456"}],"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=85456"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/85456\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=85456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=85456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=85456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}