ONE & ONLY
EC LAUNCH IN 2018
The Rivercove Residences Executive Condominium (EC) is the only EC that will be launched in 2018, due to the reduce in land parcel for EC development under the Government Land Sales (GLS).
The availability of units for sale in existing EC projects launched since 2016 was depleting so quickly that many EC buyers who were waiting on the sidelines were feeling the urgency to invest sooner rather later, before their options are depleted. Since mid 2017, other ECs like Westwood Residences, The Vales, Sol Acres and The Visionaire, and most recently in January 2018, Inz Residence, are 100% fully sold. EC inventory is at it’s lowest now with only The Criterion, Northwave, Signature at Yishun and Parc Life still having limited units for selection. Even the available units are snapped up so quickly that many EC buyers are requesting to be on the wait list in case some buyers’ EC application are rejected by HDB due to eligibility issues and their booked units are released back for sale.
The overwhelming launch of Hundred Palms Residences in 2H2017 which saw all units snapped within 7 hours on launch day also drove an urgency message to would-be EC buyers. The developer for the upcoming Rivercove Residences is the very same developer as the record breaking fully sold Hundred Palms Residences.
HoiHup Realty is keeping the heat on in executive condominium demand and is planning to launch Rivercove Residences in March 2018. As the only EC launch in 2018 and the fast depleting EC availability, Rivercove Residences is set to be the next sell out EC development when it is launched. There is a strong pent-up demand for EC in Punggol and Sengkang, both matured estates in North-East Singapore. First time home buyers who have stayed and grown up in these two estates will be keen to make their first home purchase near to their parents when they get married and planning to set up family. Families who moved to Sengkang and Punggol about 20+ years ago, will be needing more spaces as their children are now grown ups and needing their personal spaces. As with most Singaporeans, aspiration to own a private property, Rivercove Residences EC offers HDB upgraders a chance to fulfill their dreams.
If you have been unsure if you should go for Build-to-order (BTO) HDB flats or make your move to Executive Condo, let us share with you some indepth analysis of your options. We have been first-time home buyers, HDB dwellers, upgraders to private property and investing in multiple properties. We are happy to share with you our home ownership journey so that you can make a more informed and prudent home ownership decision.
Call us now for a no-obligation consultation over a cup of coffee today.