Rivercove Residences

[Mergui219067]

Kumgongs ?

Rivercove flooded to the max lol

 

[sinicker]

Rivercove flooded to the max lol

today on a Monday???

 

[viruskbs]

Thanks.
You lose the whole option fee or you get partial refund?,

2 >> Yes, need to get IPA first before committing on ballot day. Just to make sure bank is able to loan u the amount and you from losing your option fee to the developer...

3 >> You can submit the e-app with the developer first and appeal with HDB at the same time. If Rivershores biz too good, might not even issue you a ticket for balloting day. But if it's a marginal case, usually no problem. If your appeal gets rejected, u lose your option fee.

 

[viruskbs]

Thanks. Much appreciated

You can get an IPA done over phone and emails, and if you get your documents ready (i.e. Salary Slips, CPF Statements, for you & your accompanying applicants), you should get the IPA verbal approval in 2-3 days. I got mine in 2 days, 1st day submit, 2nd day get the call. IPA is just an assurance that as long as your financial status remains the same as the day you submitted the documents, you are more or less guaranteed a loan of x amount. If your IPA gets rejected or falls way short of a sufficient amount, then you can prolly drop your idea of the purchase. They will look at your MSR+TDSR. Your MSR should be fine, but your TDSR will depend on your existing financial commitments. Car, CC, Study Loan, any other loan minus from loanshark xD, etc.

I hope I know the answer to question 1. Hundred Palms had over 2.7k applicants to its 500+ supply of units, reckon Rivercove will be similar, prolly 2.5-3k applicants to its 628 units.

 

[viruskbs]

I just drove by. They had a carpark full sign outside. So likely crowded

today on a Monday???

 

[tokidoki_sg]

Need some clarifications about the process of balloting from all the esteemed veterans in this forum.

1. based on previous experiences what is the percentage of applicants who are considered as first timers.
2. one of my friends was telling me to get an IPA from bank but the balloting not done yet. so I am confused. I thought i need to worry about IPA once the balloting done. I am planning to go for for deferred plan.
3. any Idea about the appeal process , as our combined household income more than 14k. does the developer appeal & how long does it take. If my appeal gets rejected do i get the option money back.

Thanks in advance

3. I'm not sure if the dev will consider appeal cases if it's so popular. Why hold the unit for you when there's other buyers who meet all HDB criteria. HDB takes at least > 2 months to revert on the appeal status. If your appeal is rejected, you will get back the full 5% deposit made.

 

[lowses]

Any independent reviews on Rivercove published anywhere? Those with layout commentary etc

 

[haihaiahjie]

Thanks.
You lose the whole option fee or you get partial refund?,

From what I rem, u will lose 25% of the OTP (also = 1.25% of the unit's purchase price).

 

[haihaiahjie]

3. I'm not sure if the dev will consider appeal cases if it's so popular. Why hold the unit for you when there's other buyers who meet all HDB criteria. HDB takes at least > 2 months to revert on the appeal status. If your appeal is rejected, you will get back the full 5% deposit made.

Really?!? I thought partial OTP will be forfeited...

 

[smartyjones18]

hi,

any facebook group for potential Rivercove buyers to discuss?

 

[fotoudavid]

If HDB reject, the 5% you paid will be refund in full.

If you yourself want to withdraw, 25% of your 5% will be forfeited.

 

[tokidoki_sg]

Really?!? I thought partial OTP will be forfeited...

if HDB rejects your purchase, is not your fault ah. Of coz can get back full amount.

 

[ben2608]

3. I'm not sure if the dev will consider appeal cases if it's so popular. Why hold the unit for you when there's other buyers who meet all HDB criteria. HDB takes at least > 2 months to revert on the appeal status. If your appeal is rejected, you will get back the full 5% deposit made.

Yeah, heard that they might just go for clearcut cases, and drop most appeal cases. Well but no harm trying though~, just waste time only~

 

[Mergui219067]

More of not self checking earlier if qualified or not.
Wasting your own & HDB time.

if HDB rejects your purchase, is not your fault ah. Of coz can get back full amount.

 

[Mysticwind]

Can check what time does the showroom flat open till? Thinking of going down weekday night. Online says till 8pm, agent says till 7pm?

 

[monsters2009]

Went yesterday evening. Crowded.

 

[tokidoki_sg]

More of not self checking earlier if qualified or not.
Wasting your own & HDB time.

HDB doesn't state exactly what is the cut off for those appealing under exceed income cap category. No harm trying, just a matter of waiting. Who cares how much time is wasted over at HDB side.

 

[Mergui219067]

I doubt nobody not care if a $100 fee is charged for every processing.

Who cares how much time is wasted over at HDB side.

 

[tokidoki_sg]

I doubt nobody not care if a $100 fee is charged for every processing.

no fee was charged, FYI.

 

[sinicker]

Went just now 3.30 - 4.45pm....