The
Rivercove Residences EC site attracted the most competitive tender since 2013, with 16 developers bidding on the property – the most since 2013. For a bit of perspective, the average number of bidders for an EC tender in Singapore is about seven or nine. The highly sought after Rivercove Residences EC location was sold for an impressive S$240.95 million to a joint venture between Hoi Hup Realty and Sunway Developments. The competitive tender is a testament to the prime location, the expected growth of the Sengkang area as a result of the government masterplan, and an increasingly optimistic EC market. With the
Rivercove Residences showflat launch date projected for later this year or early into 2018, the EC could not launch in a better place or at a better time.
Artra and
Queens Peak showflat is open for viewing now in the midst of a hot market, do look out for them!