Rivercove Residences – A New Executive Condominium in Seng Kang

Rivercove Residences is to be built in Anchorvale Lane, in Seng Kang, Singapore. This executive condominium is expected to be out for sale by early 2018. EC condo is only eligible for Singaporean and permanent residence, but is known to be very hot property when it comes to property interest. This location is near to many schools and entertainment and its developers, Hoi Hup Realty and Sunway Developments are both well-known developers that have built many good properties in the past.

Rivercove Residence is built on prime location at Anchorvale Lane

Rivercove Residences was a hot bid among many developers. With 16 developers participated in the bid for the property since 2013. With 7 to 9 as average bidders for EC in Singapore, this EC was sold at an impressive S$240.95 million to the joint venture between Hoi Hup Realty and Sunway Developments. The competitiveness of the bid on this site for Rivercove Residences EC is a sure sign of growth of this prime location. The launch date of Rivercove is not yet confirmed but is projected to be around late 2017 early 2018. The size of the land to Rivercove Residences will be built on will be within the 678,600 sq ft of land.

Rivercove Residences Location

Register Interest for Rivercove Residences to be the first to ballot for your prime unit

To buy newly launch condominium or executive condominium, the process is very standard. When you hear developers or agents announcing the launch, you better be faster than anyone else. The first come first serve rule stands and if you are behind others, the chance of getting the earlier queue to ballot will be slim. If you don’t book the unit before others, you tend to get the leftover. Therefore, it is best to engage an agent who is experienced with new launch to update you on the latest movement of this hot property launch.

Be prepare before purchasing the EC

Get as much information as you can to prepare yourself for the purchase. Consult with a banker to get an idea how much you are eligible to loan. Check that you have all the requirement to get an EC condo. Once you are very sure about your eligibility, you can budget for the property. Based on market price, you will know the estimated price for the executive condo. Plan the budget in advance and how big you want to buy. Most of the time, smaller unit tend to get sold on the first day of property launch. This is because many property investors tend to buy it and rent it out as a form of investment.

Determine what is your intention to purchase Rivercove Residences. If you want to buy for your own stay, you have to be sure you are able to finance the property. It’s a long-term commitment, talk to a real estate agent and work out your loan eligibility with a banker prior to making a decision. Once you are fully aware of these, you will be able to make good property purchase decision. Note that on the day of property balloting, you will not have much time to consider. When you queue is called, you will be given a few minutes to make a decision which unit you want to buy and place a deposit immediately. That is why, making the initial research for your financial capability to purchase the property is paramount. If not, you can risk having a huge financial loss. Withdrawing after making a deposit payment of property purchase can mean part of your deposit will be forfeited. I am sure, this will be the last thing you want happening to you.

If you want to learn more about Rivercove Residences executive condominium, you may visit the official site here to get in contact with the real estate representative for help. Register your interest and be invited to the launch. Get advice how you can prepare yourself prior to the launch, like checking your eligibility and getting banker’s advice.

I wish you all the best and good luck on your property hunt!

This article is brought to you by SG Living, you guide in living in Singapore.

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2 Responses to “Rivercove Residences Executive Condo”

  1. Marion Carlson

    I was wondering when this Rivercove will be launching? EC is very sought after property in Singapore. However, many people either has exceeded the income requirement or simply not able to buy due to the minimum occupation period of the old HDB is not fulfilled. Its best to really check before doing any decision. I have seen people losing deposit over a poor check before making purchase decision on EC.

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