This development will become one among other key projects in the Sengkang area. This will make Sengkang home to numerous landmark property developments. The demand is also expected to be on the increase owing to the good facilities near the project. The facilities include good schools, numerous shops, entertainment, bars, sports facilities and restaurants. The close by Sengkang Sports and Recreation Centre will offer the residents a variety of activities such as swimming pools, soccer fields, hockey rinks, badminton courts among others.
The whole development is one of the Singaporean Government’s ongoing Master plan. The Masterplan’s goal is to have a community that is completely self-sufficient whereby all a person can ever need is within easy reach. Other new developments are underway as well as key improvements to the existing facilities. Meaning the area will experience continued growth and change.
The Exciting Joint Venture
This tender was the most competitive ever in Singapore with 16 real-estate developers bidding. Normally the average bidders are often 9. Finally, the joint venture of Hoi Hup and Sunway Developers won the bid buying it for S$240.95 million.
The award-winning Hoi Hup Group focuses on building landmark residential with the highest comfort, style, and functionality. The Group has won accolades over time including the 2007 Best Building Design Merit Award and the 2008 Excellence of Construction Award.
Sunway Developments is the subsidiary of Sunway Concrete which they fully-owned. It has worked in property investment and development by forming strategic partnerships with names like Kuwait Finance House, Goldman Sachs and Singapore’s Government Investment Corporation.
Together they have constructed several landmark developments including the luxurious Sophia Hills condos and the Royal Square in Novena. They also partnered to develop City View in Boon Keng, Lake Vista at Yuan Ching, and The Peak in Toa Payoh.
The pricing details will be released closer to the launching date even then the demand is likely to be high. The development will offer the best facilities, latest technology, and luxurious living.
Benefits Of The Master Plan
Additional schools, hospitals, shopping centers, and libraries, will be built. This offers residents more choices of schools. Shopping centers will be closer and more convenient for residents. And importantly, more hospitals will be built, ensuring good health for the residents.
Transit sites are to be expanded, making it easier for residents avoid traffic when commuting to work. By building new transit structures, residents will have alternative routing options during peak hour thus decreasing traffic and even car accidents.
Eventually, these new developments will create more jobs for Singaporeans. This will give them job opportunities that are closer to home as well as reliable transport.
The government’s master plan will offer more livable, enjoyable, cities to reside in. This is one of the reasons as to the location of the Rivercove Residences EC.
For a clearer understanding of the Rivercove Residences EC development, you can take part in one of our showcase presentation once it’s announced. Further details about the development will be released to prospects during the presentations.