Is Rivercove Residences a good investment?

Evaluating an investment is upmost importance for property investors. There are several types of residential properties available for own stay or investment in Singapore. From public housing, HDB flats to privately owned condominiums, investors have to set their requirements based on their investment horizon, budget and expected return on investment.

In recent time, a hybrid type of residential property has been very popular with Singaporeans. This type of residential property is Executive Condominium. It is constructed by private property developers and sold to the prospective home owners through their appointed sales teams.

In July 2017, Hundred Palms Residences, located at Yio Chu Kang Road, became the most oversubscribed EC in the history of the EC housing type in Singapore. There are over 2,700 applications received for the 531 available units. With the emormous turnout of buyers, Hundred Palms Residences EC was fully sold out in 7 hours. Following this recent launch is the highly anticipated executive condominium in Anchorvale Lane, Sengkang. With 635 units available for would-be EC owners to choose from, Rivercove Residences EC is a wonderful development to live in. Situated along Anchorvale Lane and with a site area of 226,199 square feet of land, this EC is expected to provide a luxurious and cozy living style for home owners and their families.

Location of Rivercove Residences
Location of Rivercove Residences

Layouts of Rivercove Residences Floorplans are divided into 2 bedrooms to the rare 5 bedrooms typical units. The developer, Hoi Hup Realty and Sunway Development have put in great effort to ensure that space efficiency and high quality finishings are provided for all buyers of this development. Residents would also be spoilt by the various condominium like facilities.

Conveniently located next to Layar LRT station and Tongkang LRT station, Rivercove Residences is connected to the massive LRT network in Sengkang and the Sengkang MRT station. In close proximity to Rivercove Residences are the exciting Sengkang recreational amenities and shopping malls including Compass One, The Seletar Mall, Jalan Kayu Eateries, Sengkang Sports and Recreation Centre, Sengkang Riverside Park and the wide network of park connectors. Far up north along the North East Line MRT, more food and shopping options in Rivervale Mall, Rivervale Plaza, the new Seletar and Punggol Waterway Point are available for the residents.

Rivercove Residences is expected to sell at an average price of $780 per square feet. Nearby condominiums such as Rivertrees Residences, H2O Residences and Riverbank were selling at an average price of $1000 per square feet. Given this disparity in the prices, home owners of Rivercove Residences EC are expected to profit substantially from their investments. While all seems well, there are some restrictions or eligibility conditions that one must fulfill before they can purchase an EC. These include an combined monthly income of $14,000 and a minimum occupancy period of 5 years before they can sell their EC in the open market.

In summary, home owners when investing in a long term asset like a property must exercise caution and prudent. Executive condominiums such as Rivercove Residences would be good investments for those who can afford them and most importantly, are eligible to purchase them.

Review of Queens Peak

Perfectly located in an extremely desired area because of its proximity to town along with the Central Business District (CBD), Queens Peak is one of the few of those long awaited residential developments among homebuyers and real estate investors. the housing estate of Queenstown has became the inspiration to different estates’ which is affecting design and the development of both Holland Village and Buona Vista.

Queens Peak
Queens Peak

Being only few MRT stations away in the Science Parks, National University of School, National University of Hospital, real estate investors that have a unit at Queens Peak will appreciate the substantial pool of possible tenants that are working professionals in the Medical, Life Science or Engineering Science Industries. Shopping and Entertainment options are present in close proximity and can reached via Queenstown MRT, Redhill MRT, Commonwealth MRT and Buona Vista MRT.

Amenities such as wet market, supermarkets and food centers and recreational and leisure amenities like Queenstown Sports Centre, Queenstown Stadium and also the Queenstown Public library are encompassing Queens Peak. The Developer of Queens Peak sold 250 units in its first day available alone, for many excellent reasons: its proximity to Orchard Road, the simple fact that it is located right in front of an MRT station, and also its reduced prices relative to other condos at the Queenstown / / Redhill city fringe enclave. Hao Yuan Investment credited the good weekend earnings at Queens Peak for its lead and above-ground link to the Queenstown MRT Station in addition to the spacious layout benefit at which all units are at least eight storeys above floor.

The condominium units at Queens Peak are categorized into two groups: Botanic Collection containing 1- to 3-bedroom components from 8th storey into 26th storey; along with Skye Collection containing 3- to 2 5-bedroom components and single-storey 5-bedroom penthouses in 28th storey into 44th storey. The development is situated in a mature housing estate, so residents may discover the ease of conveniences including shopping malls, supermarket, eateries schools and more.

Queens Peak is in close proximity to Star Vista that’s a brand new entertainment hub comprising 100 shops that is conveniently situated alongside Buona Vista MRT Station. There is an overhead bridge joined to shield residents from rain and sunlight. Stacks 20 to 26 and 8 to 13 are facing south however, the components are overlooking the Commonwealth Avenue, the railway track along with the MRT station.

Queens Peak Condo is a great investment property for buyers or house buyers. Located inside the city fringe area, Queen’s Peak is a large development with 736 homes in 2 buildings that are remarkable built to the highest quality. The site where the development is located is 113,194 sq feet and features condo facilities such as gym and swimming pool.

The development is just a couple of minutes away from shopping facilities, entertainment places, educational institutions and attractions. Located next to Queens Peak is an 845-unit, Commonwealth Towers which is constructed by Hong Leong Holdings. The square foot cost for Queens Peak is currently averaging $1650 to $ 1800 for the lower floors, and approximately $ 1450 — $ $1600 for the higher floor homes.

HY Realty, which shares the very same shareholders as the developer, Hao Yuan Investment acquired the property site of Queens Peak in Queenstown. The bid for the tender of Queens Peak in Dundee Road along with Tampines Ave 10 was filed by HY Realty Pte Ltd.

Using its expertise in constructions and its own large pool of sources, MCC Land Singapore has developed a few of the luxurious projects like Universal Studios Singapore, Singapore Expo along with Keppel Distripark in the Resort World Sentosa. We can anticipate this developer to deliver top-notch quality and finishings at Queens Peak.

Prices of HDB fall 0.3 percent in September, 0.6 percent in Q3 2017 – What does this mean for you?

Resale prices for Singapore HDB fall 0.3 percent in September 2017 based on a month to month comparison, reversing a 0.2 percent gain in August 2017. Based on these flash estimates figures by SRX Property, there was a 14 percent decrease in the number of HDB units transacted at 1683 in September 2017 from its previous month. This could be due to the Chinese 7th month where transactions tend to be lower than other months of the year.

HDB
HDB

For the third quarter for 2017, HDB resale prices have declined by 0.6 percent compared to previous quarter.

The continued supply of new BTO flats by HDB has dampered demand for resale HDB. Total BTO flat supply for 2017 is expected to peak at 17,500 new units. Analysts are expecting an overall price decline of around -1 to -1.5 percent for 2017.

Current homeowners who are selling their HDB may be required to lower their expectations and increase marketing efforts to achieve the best possible transacted price. Calibrating a right timing to sell and move on is of importance as most homeowners are selling due to home upgrading and collection of keys to their new BTO or EC.

During Budget 2017, the government announced the increase of CPF housing grants for resale flats. Eligible buyers can now apply for subsidies of up to $50,000 for four room or smaller HDB resale flats. Coupled with other additional CPF housing grants, prospective resale buyers can get up to $110,000 subjected to conditions.

CBP are expecting HDB prices to decline slightly in 2017 due to impending increase in HDB BTO supply in November 2017. We could be looking at an overall reversal in HDB resale prices in 2018 and increase in transaction volumes as more BTOs and ECs purchased by HDB upgraders are completed in 2018.

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