HWZ Forums

Login Register FAQ Mark Forums Read

Rivercove Residences

Like Tree83Likes
Reply
 
LinkBack Thread Tools
Old 24-09-2017, 09:38 AM   #1
Junior Member
 
Join Date: Jun 2017
Posts: 15
Rivercove Residences

Rivercove Residences @ Anchorvale Lane

Following the successful launch of Hundred Palms Residences and sell out in 7 hours. Hoi Hup will be launching Rivercove Residences at Anchorvale Lane soon. Another signature development by Hoi Hup Realty and Sunway Development in Anchorvale Lane.

Rivercove Residencesis an upcoming new launch executive condominium in Sengkang, Anchorvale Lane. In fact, this will be the one and only ec launch in 2018. Till now there is no more land release from government for executive condominium.

Rivercove ec consists of 10 blocks of 16th storey height approximately 635 residential units.

Rivercove condo is approximately 400 m away from Tongkang LRT Station which operates the Sengkang LRT Line West Loop. This will connect to Sengkang MRT Station in Sengkang Town Centre which operates the North East Line.

It iseasily commute to downtown by using the North East Line. It is also easily connected to the main arterial road, Sengkang East Road which will connect them to the Tampines Expressway (TPE).

Anchorvale Lane can access to the Kallang Paya Lebar Expressway (KPE) via the TPE. For future residents of new EC who drive, it will just take them approximately 20 minutes to the Central Business District (CBD).
librarian777 is offline   Reply With Quote
Old 24-09-2017, 09:59 AM   #2
High Supremacy Member
 
Join Date: Jan 2000
Posts: 41,652
So many grammatical mistakes...

I do not even understand what some of the sentences are driving at either.
derong07 likes this.
Pokémon is offline   Reply With Quote
Old 09-10-2017, 02:20 PM   #3
Master Member
 
Join Date: Sep 2007
Posts: 2,699
Rivercove Residences @ Anchorvale Lane

Following the successful launch of Hundred Palms Residences and sell out in 7 hours. Hoi Hup will be launching Rivercove Residences at Anchorvale Lane soon. Another signature development by Hoi Hup Realty and Sunway Development in Anchorvale Lane.

Rivercove Residencesis an upcoming new launch executive condominium in Sengkang, Anchorvale Lane. In fact, this will be the one and only ec launch in 2018. Till now there is no more land release from government for executive condominium.

Rivercove ec consists of 10 blocks of 16th storey height approximately 635 residential units.

Rivercove condo is approximately 400 m away from Tongkang LRT Station which operates the Sengkang LRT Line West Loop. This will connect to Sengkang MRT Station in Sengkang Town Centre which operates the North East Line.

It iseasily commute to downtown by using the North East Line. It is also easily connected to the main arterial road, Sengkang East Road which will connect them to the Tampines Expressway (TPE).

Anchorvale Lane can access to the Kallang Paya Lebar Expressway (KPE) via the TPE. For future residents of new EC who drive, it will just take them approximately 20 minutes to the Central Business District (CBD).
When will it launch and what is the estimated psf?
dleodleo is offline   Reply With Quote
Old 09-10-2017, 02:24 PM   #4
Member
 
Join Date: Feb 2005
Posts: 468
Interesting EC, the launch should be first quarter of 2018. Base on EC price on the west, i guess this PSF should be around $750 plus minus. Got agent told me sure hit $800... i was like

If $800 PSF, i was think how to afford for income ceiling $14000....
fotoudavid is offline   Reply With Quote
Old 09-10-2017, 06:22 PM   #5
High Supremacy Member
 
Join Date: Jan 2000
Posts: 41,652
Interesting EC, the launch should be first quarter of 2018. Base on EC price on the west, i guess this PSF should be around $750 plus minus. Got agent told me sure hit $800... i was like

If $800 PSF, i was think how to afford for income ceiling $14000....
Can lah, even 1,400 sq ft also no problem.
Pokémon is offline   Reply With Quote
Old 09-10-2017, 10:25 PM   #6
Senior Member
 
Join Date: Nov 2014
Posts: 533
Interesting EC, the launch should be first quarter of 2018. Base on EC price on the west, i guess this PSF should be around $750 plus minus. Got agent told me sure hit $800... i was like

If $800 PSF, i was think how to afford for income ceiling $14000....
Sure above $800psf. If it is launched together with Parc botannia, it can consider raising the psf a little more. The ceiling is not an issue, just make a smaller house will do.
Clazav is offline   Reply With Quote
Old 10-10-2017, 12:52 PM   #7
Junior Member
 
Join Date: Aug 2017
Posts: 84
It's expected to be around 790 - 820 psf
Eighty7 is offline   Reply With Quote
Old 11-10-2017, 08:03 AM   #8
Member
 
Join Date: Feb 2005
Posts: 468
Can lah, even 1,400 sq ft also no problem.
Quite impossible to loan such high amount given the cap by Government.
fotoudavid is offline   Reply With Quote
Old 11-10-2017, 11:11 AM   #9
High Supremacy Member
 
Join Date: Jan 2000
Posts: 41,652
Quite impossible to loan such high amount given the cap by Government.
This is based on the income ceiling of $14K... Well, you know there are also others who exceeded the ceiling and still get through after appealing, so lets not drag those into this picture.

FYI, if you know how to read from the calculations, you would know that the Actual Loan Amount from the Bank would be the Maximum Purchase Price - 20% Downpayment = $935,318.40

Anyway, the maximum home loan amount is determined by TDSR, MSR (for HDB only), loan tenure and a medium-term 3.5% interest rate. If you take note, $4.2K at 3.5%p.a. is the 30% MSR cap (of the $14K). Of course, this is based on assumption that the borrowers have no other debt.
Pokémon is offline   Reply With Quote
Old 11-10-2017, 11:35 AM   #10
Member
 
Join Date: Feb 2005
Posts: 468
This is based on the income ceiling of $14K... Well, you know there are also others who exceeded the ceiling and still get through after appealing, so lets not drag those into this picture.

FYI, if you know how to read from the calculations, you would know that the Actual Loan Amount from the Bank would be the Maximum Purchase Price - 20% Downpayment = $935,318.40

Anyway, the maximum home loan amount is determined by TDSR, MSR (for HDB only), loan tenure and a medium-term 3.5% interest rate. If you take note, $4.2K at 3.5%p.a. is the 30% MSR cap (of the $14K). Of course, this is based on assumption that the borrowers have no other debt.
If like that quite dangerous as the monthly payments very high. I use the dbs calculator both 21 years old, maximum income 7k each, no car loan etc can loan $840000 about. I don't know how calculate liao but loan so high very stress for me at least. Cannot accept high stress level lol... Cannot sleep well
fotoudavid is offline   Reply With Quote
Old 11-10-2017, 02:15 PM   #11
High Supremacy Member
 
Join Date: Jan 2000
Posts: 41,652
I don't know how calculate liao but loan so high very stress for me at least. Cannot accept high stress level lol... Cannot sleep well
When the combined income is $14K, you do not just look at the amount you are paying anymore. After CPF deductions left with $11.6K of net income, $3.4K (estimated based on current interest rate) for the loan repayment is nothing... You will still have $8.2K to spend.
Pokémon is offline   Reply With Quote
Old 11-10-2017, 03:16 PM   #12
Arch-Supremacy Member
 
windwaver's Avatar
 
Join Date: Apr 2000
Posts: 22,155
Interesting EC, the launch should be first quarter of 2018. Base on EC price on the west, i guess this PSF should be around $750 plus minus. Got agent told me sure hit $800... i was like

If $800 PSF, i was think how to afford for income ceiling $14000....
Can, cash is king
windwaver is online now   Reply With Quote
Old 01-11-2017, 01:30 PM   #13
Member
 
Join Date: Dec 2009
Posts: 456
I'm guessing minimally 850 PSF
Reason?
1: in 2018 there will only be 1 EC launched (sumang walk after rivercove)
2: most of the left over ECs will be sold out by then
3: looking at new launches around sk/punggol, parc botannia is like 1150psf ++ onwards!?! They'll drive the price up
4: from 2018 onwards, the 'more affordable' new launches will be in yishun and tamp ave10 which will cost $1250 psf onwards
5: hoi hup bought HPR for 331psf, sold at median 850psf... rivercove is 355psf.. go figure
6: there aren't much condos around sk/punggol left upcoming within one-two years, have to wait for government land sales, the next GLS is buangkok land next month, which will cost a bomb(talking about NE region) (there are those serangoon north condos and enblocs which will start selling from 1500psf onwards)
7: they can afford to sell high and wait, there aren't any known government policies to control the price, even if they sell 900psf, who is there to stop them, eventually there will be suckers like us who want to buy because there aren't cheaper ones out there already, unless you take up resale

I myself am a sucker, i want to aim for rivercove but just imagining the ballot queue.. most likely it will be like HPR (prepare to bring a fan, in case air con breakdown again) but I'm already calculating my finanaces for parc botania

If there are any buyers who needs a home like me, can pm me and give me your thoughts ?? What willl you do haha
kiatme is offline   Reply With Quote
Old 01-11-2017, 10:36 PM   #14
Senior Member
 
Join Date: Aug 2011
Posts: 1,365
Exactly, it's this ganjiong spirit will help boost the psf la! But I understand. Guessing you were unsuccessful with HPR? hope you get it this time! TBH I don't see much difference between RC and HDB since it's just next to the Sengkang HUGE swimming complex lol.
Actually fernavale has many bto launch right ? Nov should have 1, near to seletar mall and i think should be only 300k for 4room hdb only... if ec cost 3x the price, how will it be worth ???
birmingham123 is offline   Reply With Quote
Old 02-11-2017, 09:00 AM   #15
Senior Member
 
Join Date: Nov 2014
Posts: 533
I'm guessing minimally 850 PSF
Reason?
1: in 2018 there will only be 1 EC launched (sumang walk after rivercove)
2: most of the left over ECs will be sold out by then
3: looking at new launches around sk/punggol, parc botannia is like 1150psf ++ onwards!?! They'll drive the price up
4: from 2018 onwards, the 'more affordable' new launches will be in yishun and tamp ave10 which will cost $1250 psf onwards
5: hoi hup bought HPR for 331psf, sold at median 850psf... rivercove is 355psf.. go figure
6: there aren't much condos around sk/punggol left upcoming within one-two years, have to wait for government land sales, the next GLS is buangkok land next month, which will cost a bomb(talking about NE region) (there are those serangoon north condos and enblocs which will start selling from 1500psf onwards)
7: they can afford to sell high and wait, there aren't any known government policies to control the price, even if they sell 900psf, who is there to stop them, eventually there will be suckers like us who want to buy because there aren't cheaper ones out there already, unless you take up resale

I myself am a sucker, i want to aim for rivercove but just imagining the ballot queue.. most likely it will be like HPR (prepare to bring a fan, in case air con breakdown again) but I'm already calculating my finanaces for parc botania

If there are any buyers who needs a home like me, can pm me and give me your thoughts ?? What willl you do haha
Average psf for Parc botannia is 1250. Rc will price in such a manner that is 20% lower, perhaps 1000psf is also reasonable. But Rc developer needs to see the sale of Parc botannia first to see the popularity of this part of Sengkang. My guess for Rc is 900 psf.
Clazav is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On