Along the quiet Sunggei Punggol Reservoir, 1,000 new homes will be enjoying its new residency. 555 units from The Riverbank @ Fernvale and 495 units from Rivertrees Residences. These are all private condominium apartments and both with 99-year leaseholds. Stretching 150 metres along the reservoir, 90 per cent of the units at Rivertrees Residences will be able to boast a waterfront view. Units will include three-bedroom and strata-titled duplex homes.
The developers, Frasers Centrepoint, Far East Orchard and Sekisui House are calling this development one of the “only waterfront landed houses in Singapore, apart from Sentosa Cove“. As expected, prices will likely hover around $950 to $1,150 psf. UOL’s Riverbank @ Fernvale has also garnered much interest, with over 500 cheques collected prior to its launch today. Home buyers may be attracted by the waterfront-living style of apartments and the exclusivity of its location. Coupled with the fact that Singapore is only going to get more crowded, areas such as Sengkang may be one of the last few residential places in the mainland to truly enjoy a bit of space and greenery.