Attractive Pricing

1 Bedroom Suite from $5xx k 
2 Bedroom Suite from $6xx k 
3 Bedroom Deluxe Suite from $9xx k 
3 Bedroom Vantage from $9xx k 
3 Bedroom Vista from $9xx k 
3 Bedroom Deluxe Verandah frm $9xx k 

4 Bedroom Vista from $1.2x m 
4 Bedroom Prive from $1.2x m 


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Project Details

Rivertrees Residences is a fantastic residential condo project by FarEast, Frasers Centrepoint. Rivertrees Residences is situated at Fernvale Close in District 19,Singapore is a 99-years leasehold condo development.

Rivertrees Residences Sunrise View

The T.O.P period for Rivertress Residences will be in 2018. The condo has will consist of 5 blocks along with 495 units, mainly 1 bedroom to 4 bedroom units.

Close proximity to Recreational Facilities: Sengkang Sports and Recreational Complex, Sengkang Riverside Park, Sengkang Designated Kite Flying Area, Sengkang Hockey Stadium, Sengkang Sculpture Park, Punggol Waterway Park, Punggol Promenade, Punggol Horse Riding School, Marina Country Club and Seletar Country Club.

RiverTrees Residences
Address Fernvale Close
Total Units 495 + 1 Shop
No. of Block 2 Blocks of 22 Storeys Apartments
3 Blocks of 20 Storeys Apartments
8 Units of Strata Landed Houses
Unit Type 1-BR (506 sqft) – Only 4 units left!
2-BR (581 sqft) – Last 3 units below $700K
2-BR Deluxe (700 sqft – 732 sqft)
3-BR (947 sqft – 1119 sqft) – Last few units below $1M
3-BR TRIO (1119 sqft) – Frm $1.1xM
3-BR Cove Home (1528 sqft) – From $1.7xM
4-BR – (1207 sqft – 1356 sqft) Units from 1.1xM
TOP 13 June 2018

Unit Mix

Type (Typical) Typical Size (sqft) Overall Size Range (sqft) No. of Units
1 Bedroom Suite 495 sqft (46 sqm) 495 – 603 sqft (45 –56 sqm) 22
2 Bedroom Suite 570/581 sqft (53/54 sqm) 570 – 710 sqft (53 –66 sqm) 60
3 Bedroom Deluxe Suite 700/710/732 sqft (65/66/68 sqm) 700 – 872 sqft (65 –81 sqm) 121
3 Bedroom Vantage 947 sqft (88 sqm) 947 – 1087 sqft (88-101 sqm) 20
3 Bedroom Vista 936 sqft (87 sqm) 936 – 1206 sqft (87 – 112 sqm) 22
3 Bedroom Deluxe Verandah 1109 sqft (103 sqm) 1109 – 1270 sqft (103 – 118 sqm) 97
3 Bedroom TRIO (Dual-Key) 1119 sqft (104 sqm) 1119 – 1302 sqft (104 – 121 sqm) 43
3 Bedroom Strata Cove Home 1496 sqft (139 sqm) 1496 sqft (139 sqm) 8
4 Bedroom Vista 1206/1270 sqft (112/118 sqm) 1206 – 1475 sqft (112 – 137 sqm) 59
4 Bedroom Prive 1356 sqft (126 sqm) 1356 – 1658 sqft (126 – 154 sqm) 43

 

Indicative Pricing

Unit Type Estimated Indicative Price
1-BR Suites From $5xxK
2-BR Suites / Deluxe Suites From $6xxK
3-BR Vantage / Vista / Deluxe Verandah From $9xxK
3-BR TRIO From $1.1xM
3-BR Strata Cove Home From $1.7xM
4-BR Vista / Prive From $1.2xM

Location

 

location

 

Siteplan

rivertrees-residences-site-plan

News

220 out of 300 units at RiverTrees Residences sold

RIVERTREES Residences, the latest condominium project launched in Sengkang, attracted strong buyer interest, with 220 units out of the 300 units launched snapped up over the weekend.

Buyers purchased units from all unit types available; Frasers Centrepoint, the lead developer of the project, said two-bedroom units and strata-titled landed homes known as "Cove Houses" were "selling particularly well".

The two-bedroom suites start from $618,000 while the eight duplex three-bedroom "Cove Houses" are selling for under $2 million. Permanent residents need to obtain approval from the Land Dealings Unit under the Singapore Land Authority to qualify for the landed homes.

Buyers of the units include both HDB upgraders who are buying their first private apartment as well as investors, according to Frasers Centrepoint which is jointly developing the 495-unit waterfront project with Far East Orchard and Sekisui House.

"The strong sales bear testament to the beauty of RiverTrees Residences' site and the attractiveness of the project's excellent design," said Frasers Centrepoint Homes chief executive Cheang Kok Kheong. "This also validates our belief that there is still depth in the market, and that there is robust demand for high-quality homes at the right prices."

The average price for the initial phase of RiverTrees is in the range of $950-$1,150 per square foot (psf), while units at the next-door project, Riverbank @ Fernvale by UOL Development, is selling at an average price of slightly above $1,000 psf.

RiverTrees Residences comprises one- and two-bedroom suites, three- and four-bedroom units, "trio homes" which have dual-key and inter-generation designs, as well as "prive homes" that come with private lift lobbies.

Lui Seng Fatt, chairman of Strategic Capital Global, a private equity firm active in real estate and infrastructure, noted that the recent strong showing for condominium projects in Sengkang suggested that these projects got their psf pricing right, putting the units within reach of upgraders and first-time buyers.

"Firstly, the location is fairly convenient. Secondly, the quantum is within reach of upgraders and first-time buyers. Most importantly, they have priced the projects reasonably on a psf basis," Mr Lui said of the two condominium projects in Sengkang.

He noted that it is important now to get the loan quantums within reach for upgraders and first-time buyers, following the implementation of total debt servicing ratio (TDSR) framework implemented last June, which caps a borrower's total debt repayments at 60 per cent of gross monthly income.

"There are still people looking for upgrading while the investment desires have quietened down," he added. "People want to see value. With the loan restrictions and impending supply, people are not as hungry as two years ago."

Taken from ST Property

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Rivertrees Residences Rating: 5.0 out of 5 | Review By: ESingapore Property | ERA Realty Network Pte Ltd | CEA Reg. No. L3002382K / R026060Z