Developed by UE Development (Bendemeer) Pte Ltd, Eight Riversuites is located at Whampoa East in District 12. Beside the property, you’ll find the Kallang River flowing against a beautiful backdrop of the city skyline. The condominium comprises 862 units, ranging from one to four bedrooms, strata terraces and penthouses – there’s truly a unit for anyone!
Here’s Why Eight Riversuites Is an Ideal Family Home:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Eight Riversuites | 99-year leasehold | 2016 | 1-bedder 2-bedder 3-bedder 4-bedder |
441 840 1830 2508 |
$1,414 |
There are many things you can do with the family at Eight Riversuites. There’s a total of six pools and four water features such as Lap Pool and Wet Deck, where you can take a dip or swim in. You can enjoy the lush greenery of 16 different spots like Flower Field, Spice Garden and Farm Gardens. There’s also an outdoor gym and tennis court for you to keep your fitness in check. To top it off, the condominium comes complete with BBQ Pits and a Dining Pavilion for fun get togethers with family and friends.
2. Accessibility, Amenities and Schools
Count yourself lucky to be living close to not one but two MRT stations! Boon Keng MRT Station on the North-East Line is a six-minute walk while Geylang Bahru MRT Station on the Downtown Line is a 15-minute walk. Three major expressways are nearby: Pan-Island Expressway (PIE), Central Expressway (CTE) and Kallang-Paya Lebar Expressway (KPE). You can drive to the Central Business District in 13 minutes) and exciting City spots in 10 minutes!
Wondering what amenities are around the corner? By foot, Eight Riversuites is five minutes to Fairprice Bendemeer, six minutes to Bendemeer Town Centre, seven minutes to Bendemeer Mall, and 10 minutes to Sheng Siong Supermarket. It is also a short drive to City Square Mall (eight minutes), NEX Mall (eight minutes) and the shopping malls in Bugis (11 minutes).
If you prefer to be in nature’s company, good news! There are eight parks within close proximity such as East Coast Park and Fort Canning Park. Other recreational places include Jalan Besar Stadium and Singapore Sports Hub. If you need medical assistance, Tan Tock Seng Hospital and Mount Elizabeth Hospital are both 11 minutes’ drive away.
What’s more, finding a school for your children is a breeze. Schools closeby consist of Bendemeer Primary School, Cedar Primary, Stamford American International School, St Andrew’s Village and St Joseph Institution International.
3. Property Price
The price for a two-bedroom Eight Riversuites unit in the past two years:
- January to December 2018 – up to $1,240,000
- January to December 2019 – up to $1,280,000
From 2018 to 2019, there’s a slight increase in price for a two-bedroom unit. For those who are looking to purchase a high floor two-bedroom unit with unblocked views in Eight Riversuites measuring 840 sqft, the price remains unchanged at S$1,280,000.
Does this sound like a perfect family home to you? Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for Eight Riversuites
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Eight Riversuites
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a two-bedroom unit at Eight Riversuites the price is at $1,280,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $35,800.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $280,000 | 4% | $11,200 |
| BSD Payable | $35,800 | |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for Eight Riversuites
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Eight Riversuites
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,280,000 |
|---|---|---|
| If Eight Riversuites is your second residential property | 12% | $153,600 |
| If Eight Riversuites is your third or subsequent residential property | 15% | $192,000 |
ABSD for Singapore Permanent Resident when Buying Eight Riversuites
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,280,000 |
|---|---|---|
| If Eight Riversuites is your first property | 5% | $64,000 |
| If Eight Riversuites is your second or subsequent residential property | 15% | $192,000 |
ABSD for Foreigners when Buying Eight Riversuites
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,280,000 |
|---|---|---|
| Foreigners buying any property | 20% | $256,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
Buy your dream home at $0 agent fee!
