Even as Singapore’s aerospace and aviation industry takes off, so do the real estate surrounding these hubs. Properties surrounding the Seletar Aerospace Park are increasing gaining speed and may take off in big ways in the future.
At the new Riverbank @ Fernvale private residential development developed by UOL, interest is running high. The 555-unit condominium began selling units last Friday. Situated near the Layar LRT station, with riverfront views of the Punggol reservoir and next to the Lush Acres executive condominium development, it seems reasonably priced, especially since the EC sold at an average of $1, 000 psf when it was launched in July 2013. Selling prices at Riverbank @ Fernvale is expected to hover around $785 psf.
The project has a range of apartments available, from the $480, 000, 495 sqft one-bedder to the $1.3 million, 1,389 sqft five-bedder. Perhaps riding off the popularity of neighbouring Punggol, Sengkang properties are also basking in a little of the waterfront-lifestyle sunshine. Just one of the few upcoming properties to be built near the Punggol reservoir, it provides inland waterfront living. Nearby, Rivertrees Residences will host a few selected duplex homes which will be one of the only waterfront landed properties besides those in the offshore island of Sentosa.
Residents of the Riverbank can expect a life amidst greenery and a outdoor living environment with the inclusion of a riverside trail. In concrete jungle of a city, this may be the welcome with open arms home buyers wish to go home.