RIVERBANK AT FERNVALE•Fernvale Close•Sengkang•Singapore Condominium

25/04/2024

🌏🇸🇬🏘🏡Connect to RIVERBANK AT FERNVALE•Fernvale Close•Sengkang•Singapore Condominium for the latest private residential property (apartments) leasing, rental and sales listings in 𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium. Send us a Private Message at m.me/riverbank.at.fernvale.condo.singapore for your enquiries and requirements on your property and real estate needs.

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𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condo Apartments | Fernvale Close | Fernvale | Sengkang | Outside Central Region (OCR) - Northeast Region | District 28 | Singapore

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Essential Contact Numbers in 𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium

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𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium Leasing, Rental and Sales Team (non-Management related)

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𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium Leasing, Rental and Sales Enquiry Private Message Inbox: m.me/riverbank.at.fernvale.condo.singapore

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𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condo features a non-landed residential home project development (private apartment/condominium) with 4 blocks of 19-storey apartments located in the northeastern region of Fernvale Close off Fernvale Link and Sengkang West Way by Anchorvale Community Club, Anchorvale Village, Fernvale Community Club, Fernvale Hawker Centre/Market, Jalan Kayu, Sengkang Hockey Stadium. Sengkang Riverside Park, Sengkang Sports Centre, Sengkang Sports Complex, Sungei Punggol, The Seletar Mall developed by UOL Development (Sengkang) Pte Ltd, a subsidiary of United Overseas land (UOL) Group Limited.

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𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 CONDOMINIUM MANAGEMENT OFFICE MCST 4455

𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium Management Office Contact: 69085790

𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium Management Office Fax: 69085780

𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium Management Office Email: [email protected]

𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium Management Office Address: 19 Fernvale Close , 𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄, Singapore 797479

𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium Management Office Operating Hours
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𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium Security Contact: 69085794

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Full Address and Postal Code in 𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Condominium

11 Fernvale Close, 𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄, Singapore 797475 (19-storey apartments)

13 Fernvale Close, 𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄, Singapore 797476 (19-storey apartments)

15 Fernvale Close, 𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Singapore 797477 (19-storey apartments)

17 Fernvale Close, 𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄 Singapore 797478 (19-storey apartments)

19 Fernvale Close, 𝐑𝐈𝐕𝐄𝐑𝐁𝐀𝐍𝐊@𝐅𝐄𝐑𝐍𝐕𝐀𝐋𝐄, Singapore 797479 (Club House)

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RIVERBANK AT FERNVALE•Fernvale Close•Sengkang•Singapore Condominium

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07/02/2023

Wanted!

Dear of Riverbank•Fernvale Close•Sengkang•Singapore Condominium,

We have been receiving regular enquiries from and who are exploring the possibility of owning, investing or renting an within the vicinity.

Do send us a Private Message at m.me/riverbank.at.fernvale.condo.singapore for more information. Thank you very much! We look forward to hear from you soon!



Riverbank•Fernvale Close•Sengkang•Singapore Condominium

29/12/2022

🇸🇬📰𝐅𝐞𝐫𝐧𝐯𝐚𝐥𝐞 𝐭𝐞𝐧𝐝𝐞𝐫𝐬 𝐫𝐞𝐟𝐥𝐞𝐜𝐭 𝐝𝐫𝐨𝐩 𝐢𝐧 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐜𝐞
𝘊𝘩𝘪𝘱 𝘌𝘯𝘨 𝘚𝘦𝘯𝘨-𝘭𝘦𝘥 𝘤𝘰𝘯𝘴𝘰𝘳𝘵𝘪𝘶𝘮 𝘵𝘰𝘱𝘴 𝘣𝘪𝘥𝘴 𝘧𝘰𝘳 𝘢𝘥𝘫𝘢𝘤𝘦𝘯𝘵 𝘱𝘳𝘪𝘷𝘢𝘵𝘦 𝘩𝘰𝘶𝘴𝘪𝘯𝘨 𝘴𝘪𝘵𝘦𝘴
8 August 2014 (Source: The Business Times)

The latest state land tender for a pair of adjacent private housing sites in Fernvale Road in Sengkang showed a thinning in tender participation rates as well as land prices - compared with two sites in the area sold last year before the total debt servicing ratio kicked in.

This reflects less confidence among developers given current weaker market conditions, said industry players.

At yesterday's tender for the 99-year plots, Parcel A along Fernvale Road drew just four bids, and the next-door Parcel B, three bids - down sharply from the eight and nine bids respectively for the two sites tendered in April and June last year respectively.

While the earlier sites, which are now being developed into Riverbank@Fernvale and Rivertrees Residences condos, are slightly superior as they boast water-frontage, the latest pair of sites along Fernvale Road are closer to the Jalan Kayu amenities such as food and beverage outlets, notes JLL national director Ong Teck Hui.

The top bids for Parcels A and B in Fernvale Road - S$438.17 per square foot per plot ratio (psf ppr) and S$448.35 psf ppr respectively - are also significantly lower than last year's winning bids of S$489 psf ppr and S$533 psf ppr for the Riverbank@Fernvale and Rivertrees Residences sites respectively. Against the land price of Rivertrees Residences - the highest bids for Parcels A and B on Fernvale Road are lower by 17.8 per cent and 15.9 per cent respectively.

A tie-up involving Chip Eng Seng, Kim Seng Heng Realty and Heeton Homes placed the highest bids for both parcels in the latest tender. Analysts attribute the slightly higher bid for Parcel B to it being closer to Thanggam LRT Station. "These bid levels are around my expectation of $450 psf ppr for the two plots taking into account weaker market conditions today," said Mr Ong. The introduction of the TDSR (total debt servicing ratio) framework in late-June 2013 has reduced property transactions.

Analysts polled by BT when the sites were launched by the Urban Redevelopment Authority (URA) in June this year had forecast top bids of $420-480 psf ppr for the two sites, with around five bids for each plot.

"Developers are becoming more cautious in their land bids - due to slower housing sales post-TDSR," said SLP International executive director Nicholas Mak. "Land prices are likely to continue softening for the next six to nine months, amid weak demand and falling prices of private homes," he added.

Putting things into perspective, JLL's Mr Ong noted that yesterday's top bids are the lowest for private residential sites at state tenders since the Vue 8 Residence site in Pasir Ris was sold back in June 2012 for S$418 psf ppr. Besides generally weaker market conditions, the bidders for the latest two sites would have factored unsold inventory in Riverbank@Fernvale and Rivertrees Residences. "Both were launched in February 2014 and of the combined total stock of 1,050 units, some 52 per cent remained unsold as at end-June 2014."

Despite reasonably good take-up at initial launch, sales progress in subsequent months has been slow. "It shows that the projects' average pricing at S$1,030 to S$1,110 psf is unable to attract sufficient buyers to achieve better sales progress. Consequently bidders at today's tenders would have to bid considerably lower for the sites in order to price the projects more competitively and achieve better sales take-up," added Mr Ong.

When contacted last night, Raymond Chia, group CEO of Chip Eng Seng, which is leading the consortium that placed top bids for both Fernvale Road plots, said: "Clinching both sites is more of a strategic move to better manage construction costs and overall planning for the development. We're exploring whether to do separate projects for the two sites or a single development, but we should have nearly 1,400 units in all, encompassing a range of unit sizes."

Chip Eng Seng is taking the majority 60 per cent stake in the consortium, while a joint venture between Kim Seng Heng Realty and Heeton Homes will hold the balance. "With both Chip Eng Seng and Kim Seng Heng involved in the construction business, we should be able to contain our costs better," said Mr Chia.

The breakeven costs for the two sites are estimated at around $850-890 psf. And the consortium is hoping to launch the initial phase in first-half next year at around $1,000 psf on average.

Also bidding for Parcel A yesterday were a City Developments-TID partnership (bidding around S$400 psf ppr), Sim Lian Land (S$361 psf ppr) and Koh Brothers (S$321 psf ppr). Vieing for Parcel B were Flair Development, controlled by Wee Ee Chao (S$418 psf ppr) and Sim Lian Land (S$392 psf ppr).

https://www.businesstimes.com.sg/fernvale-tenders-reflect-drop-market-confidence

Riverbank•Fernvale Close•Singapore Condominium

[SINGAPORE] The latest state land tender for a pair of adjacent private housing sites in Fernvale Road in Sengkang showed a thinning in tender participation rates as well as land prices - compared with two sites in the area sold last year before the total debt servicing ratio kicked in. Read more at...

29/12/2022

🇸🇬📰𝗡𝗼𝘃𝗲𝗹 𝗯𝗶𝗰𝘆𝗰𝗹𝗲-𝘀𝗵𝗮𝗿𝗶𝗻𝗴 𝗳𝗮𝗰𝗶𝗹𝗶𝘁𝘆 𝘁𝗼 𝗯𝗲 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝗱 𝗮𝘁 𝗦𝗲𝗻𝗴𝗸𝗮𝗻𝗴 𝗰𝗼𝗻𝗱𝗼𝗺𝗶𝗻𝗶𝘂𝗺
11 July 2015 (Source: TODAY)

A first-of-its-kind bicycle-sharing facility for a condominium will be launched in Sengkang, allowing residents to book bikes for free and use them to travel around the estate or even on short commutes to nearby train stations.

The scheme will benefit residents of Riverbank@Fernvale, a condominium scheduled to be completed by early 2017.

Its developer, UOL Group Limited, said yesterday that the company will supply a pool of 50 bicycles, which can be shared among the residents of the 555-unit condominium. There will also be bicycle racks for residents who have their own bicycles.

The initial cost of the facility is around S$80,000, and there will be a running cost as well. The facility will be administered by the estate’s managing agent.

Residents will be able to cycle along the North Eastern Riverine Loop park connector, which links four parks in the area and runs through the heartlands of Buangkok, Sengkang and Punggol.

They will also have access to Punggol Beach, Punggol Promenade and Lorong Halus Wetland.

Engineer Huang Yu, 25, who bought a three-bedroom, dual-key unit, said: “I think the additional bike facility by the developer is a great idea as the condominium is near a park connector. I enjoy outdoor activities. So now, I will be able to persuade my wife to cycle with me as it is so convenient.”

Mr Anthony Wong, UOL Group Limited’s general manager of marketing, said: “By incorporating a bicycle facility that links seamlessly to the future park connector, we can encourage more residents to cycle for a healthy lifestyle and enjoy family bonding at the same time.”

He added: “If response is good, we will add more bicycles for the residents. We are also considering extending the facility to other condominiums where conditions are as conducive, in the future.” Jordon Simpson

https://www.todayonline.com/singapore/novel-bicycle-sharing-facility-be-launched-sengkang-condominium

Riverbank•Fernvale Close•Sengkang•Singapore Condominium

SINGAPORE — A first-of-its-kind bicycle-sharing facility for a condominium will be launched in Sengkang, allowing residents to book bikes for free and use them to travel around the estate or even on short commutes to nearby train stations.

29/12/2022

🇸🇬📰𝐑𝐢𝐯𝐞𝐫𝐛𝐚𝐧𝐤@𝐅𝐞𝐫𝐧𝐯𝐚𝐥𝐞 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐬 𝐰𝐢𝐥𝐥 𝐠𝐞𝐭 𝐭𝐨 𝐬𝐡𝐚𝐫𝐞 𝟓𝟎 𝐛𝐢𝐜𝐲𝐜𝐥𝐞𝐬
11 July 2015 (Source: The Business Times)

YET another property developer is catering to two-wheel riders as the cycling movement in Singapore gains traction. UOL Group Limited on Friday said it will launch Singapore's first bicycle- sharing facility for residents of Riverbank@Fernvale in Sengkang, with the company supplying 50 bicycles

https://www.businesstimes.com.sg/property/riverbankfernvale-residents-will-get-share-50-bicycles

Riverbank•Fernvale Close•Sengkang•Singapore Condominium

YET another property developer is catering to two-wheel riders as the cycling movement in Singapore gains traction. UOL Group Limited on Friday said it will launch Singapore's first bicycle- sharing facility for residents of Riverbank@Fernvale in Sengkang, with the company supplying 50 bicycles to b...

22/11/2016

Dear Owners-to-be.

Congratulations on obtaining your keys to your home at RIVERBANK@FERNVALE in time to come. Do let us know if you are planning to rent out or market your property. We have received multiple enquiries for both buying and renting. We are just a Private Message away. Let us know when will be convenient for you. Have a good day.

Riverbank•Fernvale Close•Sengkang•Singapore Condominium

🇸🇬Featured Property Agents, Real Estate Listings at RIVERBANK@FERNVALE For Rent and Sale.

Ready Buyers and Tenants intending to invest or rent your properties in RIVERBANK.

Our Dedicated Real Estate Team in RIVERBANK@FERNVALE is ready to assist you!

20/11/2016

Riverbank Condominium Construction Status as of 20 November 2019. Do you feel the same excitement as us looking at the ground up growth of Riverbank @ Fernvale towards the most awaited TOP Date (aka Key Collection Day).

Developer units still available for sale. Please send us a private message to arrange for a private showflat viewing before all is gone.

RIVERBANK AT FERNVALE•Fernvale Close•Sengkang•Singapore Condominium

30/08/2014

🇸🇬📰𝐅𝐨𝐫 𝐭𝐡𝐞 𝐛𝐮𝐬𝐲 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 - 𝐬𝐡𝐨𝐰𝐟𝐥𝐚𝐭 𝐨𝐧 𝐰𝐡𝐞𝐞𝐥𝐬
30 August 2014 (Source: The Business Times)

DREAD heading out to an over-crowded showflat? Property developer UOL Group is now taking their showroom to you.

The mobile showroom targets busy professionals, and carries a mock-up of a Riverbank@Fernvale living room.

The traditional full-fledged showflat is located along Fernvale Link in Sengkang.

The transformed truck - which measures 6.9 metres by 2.2 metres, and has a height of 3.1 metres - is roaming through Singapore until Sept 7. It will be stopping at different locations - including United Square, One Raffles Place, and the Singapore Expo - for one to three days at a time.

http://www.businesstimes.com.sg/premium/wealth/others/busy-professional-showflat-wheels-20140830

Riverbank•Fernvale Close•Sengkang•Singapore Condominium

For the busy professional - showflat on wheels - DREAD heading out to an over-crowded showflat? Property developer UOL Group is now taking their showroom to you.. Read more Others news at The Business Times.

19/03/2014

🇸🇬📰𝐒𝐞𝐧𝐠𝐤𝐚𝐧𝐠 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐛𝐨𝐨𝐬𝐭 𝐧𝐞𝐰 𝐡𝐨𝐦𝐞 𝐬𝐚𝐥𝐞𝐬 𝐢𝐧 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲
17 March 2014 (Source: The Straits Times)

New private home sales rose 28 per cent in February, largely driven by two new launches in Sengkang that month.

Developers sold 724 private homes excluding executive condominiums (ECs) in February, according to Urban Redevelopment Authority data released on Monday.

Most of that was in the suburban region, which accounted for 81 per cent. The city fringe made up 12 per cent and the city centre 7 per cent.

The top seller was the 495-unit Rivertrees Residences at Fernvale Close, which moved 218 units at a median price of $1,111 per sq ft (psf).

It was followed closely by the 555-unit Riverbank@Fernvale next door, where 211 units were sold at a median $1,033 psf.

Rivertrees Residences launched for sale a week after Riverbank.

The 75-unit Hallmark Residences at Ewe Boon Road came a distant third with 26 units sold at a median price of $1,860 psf.

https://www.straitstimes.com/business/sengkang-launches-boost-new-home-sales-in-february

Riverbank•Fernvale Close•Singapore Condominium

New private home sales rose 28 per cent in February, largely driven by two new launches in Sengkang that month.

19/03/2014

🇸🇬📰𝐍𝐞𝐰 𝐡𝐨𝐦𝐞 𝐬𝐚𝐥𝐞𝐬 𝐬𝐮𝐫𝐠𝐞 𝟐𝟖% 𝐢𝐧 𝐅𝐞𝐛
𝘉𝘶𝘵 𝘔𝘢𝘳𝘤𝘩 𝘧𝘪𝘨𝘶𝘳𝘦𝘴 𝘭𝘪𝘬𝘦𝘭𝘺 𝘵𝘰 𝘣𝘦 𝘴𝘶𝘣𝘥𝘶𝘦𝘥, 𝘴𝘢𝘺 𝘦𝘹𝘱𝘦𝘳𝘵𝘴
18 March 2014 (Source: The Straits Times)

NEW home sales here kept picking up pace last month, as developers returned to the market with major new suburban launches.

But experts expect this month's figures to be subdued, and estimate that total sales for the first quarter will still be about 30 per cent lower than that for the fourth quarter last year.

They said February's upswing might reflect a stabilising market, but that a rebound in buying demand would still largely depend on how developers price units.

Home hunters bought 724 units last month, a 28 per cent surge from the 565 units sold in January, data from the Urban Redevelopment Authority showed yesterday. This excludes sales at executive condominiums.

The upswing was driven by two launches in Sengkang West, where 550 units went on sale. This helped the suburbs record 588 sales, leading the overall tally.

"With the market more attuned to the raft of cooling measures and financing curbs, as well as the festive lull behind, developers released two new mass-market projects in the suburbs," said Ms Chia Siew Chuin, director of research and advisory at Colliers International.

Frasers Centrepoint's 495-unit Rivertrees Residences moved 218 units at a median $1,111 per sq ft (psf), while UOL Group's 555-unit Riverbank@Fernvale sold 211 units at a median $1,033 psf.

"Despite being (in) strong competition to each other, both adopted competitive pricing strategies," said Dr Chua Yang Liang, head of research and consultancy, South-east Asia, at property firm Jones Lang LaSalle. "The conditions today require developers to be more sensitive to the market, where value for money is key."

On the city fringes, 87 units were sold, while 49 units were moved in the city centre.

Experts said projects launched earlier felt the pressure from new launches, as developers slashed prices at older developments.

Property agency OrangeTee's research head Christine Li pointed to 10 per cent price cuts at MCL Land's Hallmark Residences in Bukit Timah, where 26 units were sold for a median price of $1,860 psf last month. "February's sales of Hallmark Residences could be a silver lining in the market: As long as developers can forgo some margins, but still be profitable, buyers do come back," she said.

Buyers picked up 23 units at EL Development's La Fiesta in Sengkang and 22 units at Fragrance Group and World Class Land's Urban Vista in Tanah Merah.

CBRE research head Desmond Sim said prices are "relatively stable" despite minor corrections of 1 per cent to 3 per cent at older projects. He said the discounts may have been for "less saleable units at older launches".

Still, Mr Sim said March sales figures are not likely to be strong. He expects sales this month to come in at between 400 and 500 units due to a dearth of new launches, and first-quarter sales to hit 1,800 units, 30 per cent below that sold in the preceding three months.

"The future new home sales market will very much be dependent on how developers want to move sales in a quieter market," said Ms Li.

But developers are also waiting to see who makes the first move, said Mr Sim, adding: "It is also a matter of who blinks first... Developers don't want to cannibalise each other too."

Riverbank•Fernvale Close•Sengkang•Singapore Condominium

The Straits Times Interactive - Singapore news. Find the latest news reports here.

26/02/2014

🇸🇬📰𝐑𝐢𝐯𝐞𝐫𝐭𝐫𝐞𝐞𝐬 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐜𝐞𝐬 𝐥𝐚𝐮𝐧𝐜𝐡 𝐡𝐞𝐥𝐩𝐞𝐝 𝐛𝐲 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐬𝐦𝐚𝐥𝐥𝐞𝐫 𝐮𝐧𝐢𝐭𝐬
𝘉𝘶𝘵 𝘣𝘳𝘪𝘴𝘬 𝘴𝘢𝘭𝘦𝘴 𝘯𝘰𝘵 𝘢 𝘴𝘪𝘨𝘯 𝘰𝘧 𝘳𝘦𝘤𝘰𝘷𝘦𝘳𝘺 𝘪𝘯 𝘮𝘢𝘳𝘬𝘦𝘵 𝘴𝘦𝘯𝘵𝘪𝘮𝘦𝘯𝘵, 𝘴𝘢𝘺 𝘤𝘰𝘯𝘴𝘶𝘭𝘵𝘢𝘯𝘵𝘴
25 February 2014 (Source: The Straits Times)

KEEN demand for smaller, more affordable private homes gave a fillip to weekend sales at another new launch in Sengkang.

The 495-unit Rivertrees Residences condominium in Fernvale was launched on Saturday and sold 220 units over the weekend, its developer Frasers Centrepoint said yesterday.

Consultants said the sales were encouraging and reflected underlying demand from upgraders, but cautioned that it did not signal a recovery in market sentiment.

Rivertrees Residences' sales figure was a little higher than opening weekend sales at its next-door neighbour Riverbank@Fernvale, which sold slightly more than 200 units two weekends ago.

The 555-unit Riverbank@Fernvale, developed by UOL, also moved slightly more than 10 units over the past weekend, a spokesman said yesterday, adding that it had sold out all its one- and two-bedders.

This brings its cumulative sales to roughly the same level as Rivertrees Residences'. Its selling price was slightly over $1,000 per sq ft (psf) on average.

R'ST Research director Ong Kah Seng said sales volumes could have been similar because while Rivertrees Residences was slightly more expensive than Riverbank, it was also nearer to the Layar LRT station.

Smaller units were more popular at both projects. Consultants said this indicated that buyers were now extremely conscious of the total unit price as opposed to the psf price.

Frasers declined to give a sales breakdown but said yesterday that its two-bedders and strata landed houses at Rivertrees Residences sold "particularly well".

The landed houses, all 1,528 sq ft each, were sold for $1.75 million to $1.78 million per unit. This works out to $1,145 to $1,165 psf.

The one- and two-bedders were launched at an average of $1,130 psf, and three- and four-bedders at $1,040 psf on average. Buyers at Rivertrees Residences were a mix of Housing Board upgraders and investors.

"There is still depth in the market," said Mr Cheang Kok Kheong, chief executive of development and property at Frasers.

CBRE research head Desmond Sim said Rivertrees Residences sales were promising, especially coming at "this time of the market where there seems to be more bad news than good news".

He added that since buyers were increasingly selective, some might have moved on to Rivertrees Residences if they missed out on the best units at Riverbank@Fernvale.

Mr Ong also said the sales at both Fernvale projects were "encouraging" but cautioned that it did not mean the overall private residential market was doing well.

"It's unclear whether the homes will fetch good investment returns, so they're better suited for owner-occupiers rather than investors," he added.

Riverbank•Fernvale Close•Sengkang•Singapore Condominium

The Straits Times Interactive - Singapore news. Find the latest news reports here.