RiverTrees Residences (By FraserCentrePoint, FarEastOrg, Sekisui)

[RCT]

Not typo lah.. No more CM la

[Noexit]

Haha, very funny. Anyway, many agents maybe too tired to post esp during first 2 days of launch. Also quantum still low overall due to smaller sizes, shld be able to move 150. 200 if true indeed will be amazing. More than 200 means govt must release more cooling measures. Facts will be revealed over the next few days by Straits Times.

Too tired because not easy to sell loh hehe or too hard sell till too tired that y no time post . That mean river bank agent is not hard sell and easy to sell so they able to post the figure on the Vvip day . Haha . Oops

[RCT]

This is waiting for 4D number... Now still never released the figure.. I feel they make a marketing mistake stating how many will be launch... Should learn frm Wheelock... 58 unit sold still can say 50% as only released "120" units.. Now they mentioned 300 unit to be launch, so die die must sell above 150 to have a reasonable ok %...

[4wheels]

demand is low. Even though 500+ cheques collected similar to that of Riverbank but...

The ABSD actually prevented many potential 2nd home buyers to jump in. Also, $10xxpsf for Sengkang area is way to expensive.

[terrynfs]

no press release till now

[Amber Woods]

Over the weekend, the RiverTrees Residences condominium in Sengkang (pictured) sold 220 of the 300 units launched for sale in the initial phase, or around 73 percent.

The project fronting Punggol Reservoir is being developed by a Frasers Centrepoint-led consortium and comprises 487 residential units.

According to the developer, the two-bedroom units and Cove Houses, a cluster of eight waterfront landed homes, were particularly popular.

Buyers included both first-timers looking to upgrade from a HDB flat and purchasing for their own stay, as well as investors.

An earlier report revealed that prices for the initial phase would range between $950 to $1,150 psf.

Cheang Kok Kheong, CEO of Frasers Centrepoint, said: “The strong sales bear testament to the beauty of RiverTrees Residences' site and the attractiveness of the project's excellent design. This also validates our belief that there is still depth in the market, and that there is robust demand for high quality homes at the right prices."

RiverTrees Residences is expected to TOP in 2018.



Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email [email protected]

[RCT]

Not bad.. More than 40% sold

[DuaNehNehChioBu]

Not bad.. More than 40% sold

VERY BAD RESULTS....

60% Unsold

[LiveYoung]

Very good result achieved under this big environment. Quite surprised though that the 1 bedder is not mentioned for the best selling unit types. Any insider to share why?

[terrynfs]

Very good result achieved under this big environment. Quite surprised though that the 1 bedder is not mentioned for the best selling unit types. Any insider to share why?

22 units 1 bedder only

[RCT]

Because the size of 2 bedder is like 1 bedder anyway

[Abunn]

Over the weekend, the RiverTrees Residences condominium in Sengkang (pictured) sold 220 of the 300 units launched for sale in the initial phase, or around 73 percent.

The project fronting Punggol Reservoir is being developed by a Frasers Centrepoint-led consortium and comprises 487 residential units.

According to the developer, the two-bedroom units and Cove Houses, a cluster of eight waterfront landed homes, were particularly popular.

Buyers included both first-timers looking to upgrade from a HDB flat and purchasing for their own stay, as well as investors.

An earlier report revealed that prices for the initial phase would range between $950 to $1,150 psf.

Cheang Kok Kheong, CEO of Frasers Centrepoint, said: “The strong sales bear testament to the beauty of RiverTrees Residences' site and the attractiveness of the project's excellent design. This also validates our belief that there is still depth in the market, and that there is robust demand for high quality homes at the right prices."

RiverTrees Residences is expected to TOP in 2018.



Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email [email protected]

73% take-up rate?

The way to assess the market sentiment at Rivertrees is to take the % of checks collected which resulted in a sale. It was reported that 585 checks were collected prior to the launch so the take-up rate is 220/585 or about 38%.

This means that 62% of the prospective vvip buyers yanked the purchase, or being yanked from making a purchase because of TDSR qualifying etc.

Considering that this is BUC where the initial finiancial commitment is from 20% and the sale price $psf is relatively low, a take-up rate of 38% is rather poor.

[4wheels]

73% take-up rate?

The way to assess the market sentiment at Rivertrees is to take the % of checks collected which resulted in a sale. It was reported that 585 checks were collected prior to the launch so the take-up rate is 220/585 or about 38%.

This means that 62% of the prospective vvip buyers yanked the purchase, or being yanked from making a purchase because of TDSR qualifying etc.

Considering that this is BUC where the initial finiancial commitment is from 20% and the sale price $psf is relatively low, a take-up rate of 38% is rather poor.

I think those 62% were also looking for the 1 bedder and 2 bedder but were sold out. For those interested in bigger units there sin' a need to queue n ballot. You will get ur choice unit.

[Kenshinto80]

Over the weekend, the RiverTrees Residences condominium in Sengkang (pictured) sold 220 of the 300 units launched for sale in the initial phase, or around 73 percent.

The project fronting Punggol Reservoir is being developed by a Frasers Centrepoint-led consortium and comprises 487 residential units.

According to the developer, the two-bedroom units and Cove Houses, a cluster of eight waterfront landed homes, were particularly popular.

Buyers included both first-timers looking to upgrade from a HDB flat and purchasing for their own stay, as well as investors.

An earlier report revealed that prices for the initial phase would range between $950 to $1,150 psf.

Cheang Kok Kheong, CEO of Frasers Centrepoint, said: “The strong sales bear testament to the beauty of RiverTrees Residences' site and the attractiveness of the project's excellent design. This also validates our belief that there is still depth in the market, and that there is robust demand for high quality homes at the right prices."

RiverTrees Residences is expected to TOP in 2018.



Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email [email protected]

Excellent sales results. If I recall correctly, H2O preview 150 units sold. Riverbank ard 200 units. Rivertree achieved 220 units!

[hyenergix]

Very good sales under these cooling measures and with limited one-bedder available.

[ascend88]

Because the size of 2 bedder is like 1 bedder anyway

Yah 570-580 sqft and with 1 bathroom only

[RCT]

Just see agent selling rivertrees at Lavender MRT... Really agressive

[Abunn]

Just see agent selling rivertrees at Lavender MRT... Really agressive

What did she do to you?

[ascend88]

Yah 570-580 sqft and with 1 bathroom only

really like HK layout now...

[RCT]

What did she do to you?

Nothing la... Just asking whether interested... A lot of agent there... Selling from condo to hdb.. They also do rental.. Should be targeting new immigrant

[kaisa]

Rivertrees Residences @ Fernvale Close previewed last weekend and has sold 200 out of 300 units.
Their price Psf is so attractive that you should not miss out on this.
Either for own stay or for investment, Rivertrees Residences is a good catch.

.
Want to feel like you are on a holiday everyday.Rivertrees Residences has 150m of panoramic riverfront views. Now you can at Rivertrees Residences. Watch the sun rises in the morning from the balcony of your own home. Such luxury only few have the priviliged. Furthermore with 3renown developers, expext only the best in terms of finishings and fittings and appliances.

Seeing is believing, many have bought. Are you going to miss it or join in? Watch your asset increase in capital appreciation. Real Estate is the way to hedge against inflation.

Call Sales developer hotline 6100 8486 or alternatively read more here.
www.propertynew.co/rivertrees-residences/

[yowetan]

Any updates on this development/project?

Or it is dying like Hillview Peak?

[4wheels]

Any updates on this development/project?

Or it is dying like Hillview Peak?

you maybe right as it is currently not in favour for developers to launch more units.

[maxx]

1) more than 4 condo projects beside and TOP about the same time ( total more than 2000 units ).

2) Project near LRT not MRT

3) Cove/Townhouse units selling the same high per sqft price as smaller 1 bedroom condo units.

4) Cove/Townhouse units charge you extra 130sqft of floor areas for (void area and 1 car park lot)

5) Future highway running across the river in front of project

[Strata]

1) more than 4 condo projects beside and TOP about the same time ( total more than 2000 units ).

2) Project near LRT not MRT

3) Cove/Townhouse units selling the same high per sqft price as smaller 1 bedroom condo units.

4) Cove/Townhouse units charge you extra 130sqft of floor areas for (void area and 1 car park lot)

5) Future highway running across the river in front of project

I would think one of the biggest threats to the condo buyers are the aggressive nearby HDB flats that are closer to LRTs and Malls. Apart from Punggol, SengKang has been agressively building alot of BTO flats in recent years. It is very much easy to rent or buy a resale unit now since over supplying of units is happening.

LRT could be one of the attractions since only 3 estates has this kind of transport in Singapore. I dont think having a highway in front is a threat. There are many condos facing highway or even landed houses build along roadside.

I notice RT one of main selling point is the Fengshui. One of the agent claimed that the Fengshui master has bought the Cove unit after realising the fengshui is damn good over this plot of land with "Water" and "Bank" around it..interesting. .

[LiveYoung]

I would think one of the biggest threats to the condo buyers are the aggressive nearby HDB flats that are closer to LRTs and Malls. Apart from Punggol, SengKang has been agressively building alot of BTO flats in recent years. It is very much easy to rent or buy a resale unit now since over supplying of units is happening.

LRT could be one of the attractions since only 3 estates has this kind of transport in Singapore. I dont think having a highway in front is a threat. There are many condos facing highway or even landed houses build along roadside.

I notice RT one of main selling point is the Fengshui. One of the agent claimed that the Fengshui master has bought the Cove unit after realising the fengshui is damn good over this plot of land with "Water" and "Bank" around it..interesting. .

Condo and HDB have their respective pools of tenants. We seldom see a waiter earning 1.5k - 2k per month to rent a 1k plus room, vice versa it's highly unlikely for an expat having a housing grant at 2-3k per month to rent a HDB room. Though proxy to facilities and public transportation is a concern, it's much more likely the expat chooses to move away from condos nearby Fernvale to rent at La Fiesta, rather than settle down at a HDB which is closer to malls and lrt at Fernvale.

[LiveYoung]

more than 4 condo projects beside and TOP about the same time ( total more than 2000 units ).
This is how a grassroot residential area in a country with given land scarcity issue gradually morphs into. Sometimes we have to live with the constraints.

2) Project near LRT not MRT
We have both Ferrari and Cherry show rooms in Singapore. One buys what one can afford.

3) Cove/Townhouse units selling the same high per sqft price as smaller 1 bedroom condo units.
Jonnie walker offers black label all the way up to blue label. A standard bottle of Black label has same volume as that of a blue label.

4) Cove/Townhouse units charge you extra 130sqft of floor areas for (void area and 1 car park lot)
Name a townhouse that does not have void area. Kudos to the designer! As for carpark, a paper cup and an exquisitely designed wine glass can both be used to drink Lafite. which one would the person who can afford Lafite rather?

5) Future highway running across the river in front of project[/QUOTE]
One should always do his homework and is free to walk away before vested.

[Kenshinto80]

I would think one of the biggest threats to the condo buyers are the aggressive nearby HDB flats that are closer to LRTs and Malls. Apart from Punggol, SengKang has been agressively building alot of BTO flats in recent years. It is very much easy to rent or buy a resale unit now since over supplying of units is happening.

LRT could be one of the attractions since only 3 estates has this kind of transport in Singapore. I dont think having a highway in front is a threat. There are many condos facing highway or even landed houses build along roadside.

I notice RT one of main selling point is the Fengshui. One of the agent claimed that the Fengshui master has bought the Cove unit after realising the fengshui is damn good over this plot of land with "Water" and "Bank" around it..interesting. .

The Fengshui Master did not realize that there will be one semi expressway viaduct in future which will disrupt the Fengshui formation.
https://www.geomancy.net/phpforum/ar...&mid=31827&s=4

[DuaNehNehChioBu]

The Fengshui Master did not realize that there will be one semi expressway viaduct in future which will disrupt the Fengshui formation.
https://www.geomancy.net/phpforum/ar...&mid=31827&s=4

Fengshui ? Geomancy ? Most are CRAP. Almost similar like fortune telling.

Oh this no good...that no good....Nice Story....

Joker Kenshinton

[Strata]

Fengshui ? Geomancy ? Most are CRAP. Almost similar like fortune telling.

Oh this no good...that no good....Nice Story....

Joker Kenshinton

There are many many tua tou kaYs believe in Fengshui...