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Rivercove Residences Executive Condominium by Hoi Hup

Rivercove Residences Executive Condominium by Hoi Hup

Introduction

These are a type of housing that is of public-private partnership arrangement. They are developed and sold by private developers though developed on government subsidized land. In design they are similar to private condominiums though they sale cheaper than private condominiums. In year 2018, Rivercove Residences Executive Condominium will be the only ec to be launched. Just like private condominiums they are enclosed-gated communities that are fully secured with amenities such as clubhouses, swimming pools, shopping areas and many more. The houses are mostly blocks of flats.

History

They were first introduced in Singapore in 1997 to carter for Singaporeans who could afford more than Housing Development Board (HDB) flats but could not afford private condominiums. The segment of population in mind was mostly young professionals and graduates.

Singapore Housing Policy

Singapore being a densely populated country which started as a third world country to one of the highest earning economies between its independence to present owes its success to well established policies, one being the Singapore Housing Policy, which has spearheaded the development of real estate in the country.

Eligibility

Executive Condominiums in Singapore are sold to buyers to use them for 5 years after which the buyer makes it open for sale in the market at a higher market value. Regardless of the pricing of Rivercove Residences, to purchase Executive Condominiums in Singapore one has to fully adhere to some regulations as follows:

Family type

Here there are different schemes to use to apply

Public Scheme

Fiancé/Fiancée Scheme

Orphans Scheme

Joint Singles Scheme

Citizenship

Buyers must be Singaporean citizens

At least 1 other applicant must be a Singapore Citizen or Singapore Permanent Resident

In case of the Joint Singles Scheme all singles must be Singapore Citizens.

Age

Basically one must be at least 21 years of age.

If applying under the joint singles scheme one should be at least 35 years of age.

 

Income ceiling

Household income for applicant should not be over 14000 dollars

Property ownership

Applicant shouldn’t own other property overseas or locally. Should also not have disposed of any property within the last two and a half years.

The upcoming EC, Rivercove Residences floor plan comes with 3 , 4, 5 bedroom. You have not bought a new HDB/ DBSS flat or EC, or received a CPF Housing Grant before; or, have only bought 1 of these properties/ received 1 CPF Housing Grant thus far.

How it Works

The process of acquiring an EC goes as follows:

The developer doing a sales launch. An applicant first of all checks if he/she is eligible, can get a bank loan and is able to pay other related fees before contacting the developer to ask for preliminary designs and the number of units on offer.

Applicant makes application.

Developer sends outcome of application.

Applicant books flat of choice.

Applicant is invited by developer to sign sale and purchase agreement. Most payments are made at this stage.

The applicant is invited to collect keys of flat upon completion of Executive Condominium.

Bellewater EC

Bellewaters can be a non commercial condo which will rise coupled Anchorvale Cres inside Region Twenty, Singapore. This project can be put together by your infamous Qingjian Realty. This homes when using 651 blend models. Tenure will be Ninety nine a number of Best date will probably be about November 2017.

Bellewaters insures a new territory area of about Twenty three,Thousand feet square. The idea clos a couple of teams of buildings. The initial established comprises 6 hindrances regarding 16 floor large complexes and the second collection consists of 3 obstructs associated with 18 floor substantial properties. Its built-in area is around 1410 sq ft.

The machine combination pertaining to Bellewaters is really as adhere to: Three or more master bedroom units (size range: 86-149 sq feets), Some bedroom units (dimensions variety: 105-159 sq . meters) along with 5 bed room units (dimension variety: 124-159 rectangular meters). The Three or more room as well as Four bed room products possess three subtypes that is regular devices, premium units and CoSpace. For,the five bedroom models, they all are CoSpace sort.

Bellewaters

Regardless if you are one, living with your parents and have a hubby and children, you’ll certainly locate a ideal position right here at Bellewaters! Almost all units include a classy indoor as well as top quality home appliances along with fixtures that may go with present manner development.

Bellewaters Balcony Disregarding Punggol Water tank

Bellewaters is entirely equipped with interesting facilities that may satisfy the resident�s hunger for fun and enjoyment! It has huge club houses and function areas that could appeal massive occasions as well as get-togethers. It also includes a health club location, swimming pool area, football court, spa region, children�s recreation space along with landscaped home gardens regarding community pursuits.

Bellewaters is easily for this different parts of the nation. The reason being that the work is very accessible to Farmway LRT, Cheng Lim LRT, Sengkang Coach Interchange, Tampines Expressway, Kallang Paya Lebar Expressway and Key Expressway.

You should not push considerably to be able to shop simply because at Bellewaters, stores are situated only a few prevents away! One too, for example, can be Compass stage. You can even find pastime establishments nearby the undertaking such as Sengkang Riverside Recreation area, Marina Country Membership and also Sengkang Sporting activities as well as Adventure Middle.

Bellewaters Area

Bellewaters is found with Anchorvale Crescent inside Region Nineteen, Singapore. This specific area is quite accessible to carry solutions, leisure facilities, leisure establishments and academic services! Whereby traders are a couple of minutes stroll or generate away!

Many of services around Bellewaters tend to be because comply with: Sengkang Sports activities along with Adventure Middle, Compass Level, Sengkang Riverside Park, Sengkang Standard along with Community Hospital, Nan Chiau High school graduation, Point Environmentally friendly Primary Institution, Marina Country Golf club and Sheng siong Hypermart.

Local transfer place through Bellewaters is Farmway LRT but for the expressway, it is Tampines Expressway (TPE).
Area Guide

BelleWaters EC @ Sengkang Spot Road

Close by Destinations At Bellewaters
Bellewaters Nearby Transportation

Reliable Education and learning Establishments

Additional Facilities

Farmway LRT
Cheng Lim LRT
Sengkang Shuttle Train station
Tampines Expressway (TPE)
Central Expressway (CTE)
Kallang Paya Lebar Expressway (KPE)

Springdale Primary University
Nan Chiau Principal Institution
Anchor Green Principal School
Nan Chiau High school graduation
Kinderland Day care Centre
Compassvale Major School
NTUC Daycare Co-operative Limited
Zion Day care and Advancement Middle
My First University

Compass Point
Rivervale Plaza
Seletar Mall
Rivervale Local mall
Sengkang Sporting activities and Recreation Heart
Sengkang Riverside Recreation area
Sengkang Polyclinic
Sengkang General as well as Group Healthcare facility
Marina Land Membership
Sheng Siong Hypermarket
Anchorvale Community Golf club

Bellewaters Layout

Bellewaters includes a property division of around 12,000 sq ft and it homes as many as 651 models! Its system combination involves these: Three bed room products (standard models, top quality units and CoSpace products), Some room models (normal models, high quality devices along with CoSpace) and also Five bedroom models (CoSpace models only).

The size range for that Several room units is 86 sqm- 125 sqm. To the Four room units, their dimension variety will be One hundred and five sqm to be able to 159 sqm and for the Five master bedroom devices, their size assortment begins from 124 sqm to be able to One fifty nine sqm.

Bellewaters Siteplan

Top 10 Logic behind why Buy Bellewaters,

Acknowledged builder: Qingjian Realty
Tranquil atmosphere
Varied system combine
Large products
Complete along with leisure establishments
Modern outside as well as inside
Near transportation areas
Very offered to key expressways
Surrounded by leisure services
Just a couple of minutes push in order to renowned educational institutions

Bellewaters Venture Information
Project Name: Bellewaters
Developer: Qingjian Real estate
Description: A Ninety nine a long time leasehold residential condominium that properties 651 combine devices + discretion amenities
Deal with: Anchorvale Crescent, Singapore
Section: 19
Overall Products: 651 units
Payoff time: 99 years
Anticipated Best: November 2017
Unit Mix:

3-bedroom devices:
Regular � Ninety sqm for you to 113 square mirielle
Top quality � 97 sqm in order to 131 sq m
CoSpace � 115 sqm for you to 125 sq michael

4-bedroom devices:
Regular � A hundred and five sqm in order to 142 sq mirielle
Premium � 113 sqm for you to 152 square mirielle
CoSpace � 124 sqm for you to One fifty nine sq mirielle

5-bedroom devices:
CoSpace � 124 sqm for you to One fifty nine sq m