Rivercove Residences @ Anchorvale Lane (D19)
Rivercove Residences, the 2.1ha EC site located beside the Punggol Reservoir was awarded to Hoi Hup Realty and Sunway Developments in September 2016, after the developers jointly submitted the top bid of $241 million. The price translates to $355 psf per plot ratio. The Tongkang LRT station and several schools are located nearby. The 99-year leasehold site is expected to yield approximately 635 units.
Given the top bid of $355 psf ppr, the developer would probably have to sell at over $820 psf ppr.
Rivercove Residences Project Details :
Rivercove Residences Location :
Hoi Hup Realty Pte Ltd is a well-established property developer based in Singapore.
Under Hoi Hup Group of companies, our portfolio sports numerous locales both prominent and notable developments like Residences @ Killiney, Shelford23, Suites @ Cairnhill, Charlton Villas, De Royale and more.
Through the philosophy of creating living spaces of the highest level of style, comfort and functionality, we established ourselves locally as an exceptionally esteemed property developer, forging into the fray, high quality living spaces for today’s diverse market.
With unflinching, dedicated and steadfast commitment, Hoi Hup Realty Pte Ltd has clinched numerous accolades, most notably, the BCA Best Buildable Design Award Merit 2007 and Construction Excellence Award 2008 for the De Royale Condominium and the coveted SME 500 Award for its exceptionally promising SME. With year of industry experience and a proven track record for excellence, Hoi Hup Realty Pte Ltd is poised to tale its position as a premier niche developer, adding that personal touch to all project served, because at Hoi Hup, we craft homes for you.
Sunway Developments Pte Ltd Sunway is a wholly subsidiary of Sunway Concrete Products (S) Pte Ltd, a Sunway Group company; The Malaysia conglomerate core businesses include property development and investment, real estate REIT, design and build construction, building materials, leisure, and education, information technology and hospitality. Having received accolades from international bodies like FIABCI and IFAWPCA, they have also forged strategic partnerships with global investors such of Government Investment Corporation of Singapore (GIC), Malaysian Provident Fund (EPF), Kuwait Finance House (KFH) and Goldman Sachs, Sunway Reit is also the largest Malaysia Reit in terms of assent size as well as free float.