Kaeden Ong

UOL collects over 500 cheques for Riverbank @ Fernvale

Posted by Kaeden Ong on 13th February 2014 in Blog

The Riverbank @ Fernvale condominium (pictured) will open for booking this Friday (14 February) after receiving strong preview interest, said its developer UOL.

The showflat in Sengkang has been open since last week to prospective buyers and investors.

UOL said that the 555-unit project which offers views of Punggol Reservoir will have an average price of slightly above $1,000 psf.

Unit types include one-to five-bedroom apartments ranging from 495 sq ft to 1,389 sq ft and ground floor cabana units measuring about 1,200 sq ft.

Anthony Wong, UOL’s Deputy General Manager (Marketing), said: “After we opened our showflats for preview last week, we have collected more than 500 cheques. We saw strong interest across all our unit types. We believe prospective buyers are attracted to the upcoming employment node, plus there is still a healthy underlying demand from HDB upgraders.”

Meanwhile, demand for homes in Sengkang is set to increase as the nearby Seletar Aerospace Park takes off as Singapore’s aerospace hub.

The planned Seletar Mall and Sengkang General & Community Hospitals will also strengthen the attractions of the area when they are completed in end-2014 and 2018 respectively.

Credits PropertyGuru

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