Developed by UOL Group (UOL), Riverbank @ Fernvale is located at Sengkang New Town, a quiet residential estate in District 28. Overlooking both Sungei Punggol and Sengkang Riverside Park, this condominium comes with a good range of units, making it a great family home.
Here’s Why Riverbank @ Fernvale 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) |
|---|---|---|---|---|---|
| Riverbank @ Fernvale | 99-year leasehold | 2017 | 1-bedder 2-bedder 3-bedder 4-bedder 5-bedder Cabana |
495 710 1044 1238 1389 1216 |
$1,099 |
The unit types at Riverbank @ Fernvale are unique. Lofts come with high ceilings, cabanas have their own private car parks and dual-key units give more privacy, perfect for multi-generational families. Into the bargain, each residential unit is equipped with Electrolux appliances (fridge, washer and dryer), making riverfront living here covetable.
Facilities at Riverbank @ Fernvale are set to make your days fruitful and exciting. Rest and relax at various spots like Jet Therapy Pool, Hammock Island and Hot Tub Enclave. Have fun workouts at the 50m Lap Pool, Gymnasium and Yoga Deck. Play friendly matches at the Tennis Court and Multi-Purpose Play Court. Enjoy the view at the Sky Observatory while barbequing or chilling at the Sky Bar. Spend memorable days with your family at the game, karaoke and movie rooms that’s located in oval-shaped clubhouses. Kids will have a ball at the children’s playground and pool too!
2. Accessibility, Amenities and Schools
Layar LRT is a 5-minute walk from Riverbank @ Fernvale, taking you to Sengkang MRT Station (on the North-East Line) in three stops. A commute to the Central Business District (CBD) will take about 40 minutes, while driving, in good traffic conditions, will take half the time. The closest expressway is TPE. Easily accessible from the property, it links you to the KPE, SLE and CTE. There’s even a bus stop outside Layar Station, where bus services cover Bishan, Punggol, Sengkang, Yio Chu Kang, Toa Payoh, Upper Thomson and the CBD.
Thinking of where to get groceries and dinner at the same time? Seletar Mall is a 10-minute walk. Travel a little more by car and reach places like Jalan Kayu Food Cluster (two minutes), Compass Point (four minutes), Greenwich V (five minutes) and IKEA Tampines, Giant Hypermarket and Courts Megastore. Need medical assistance? Sengkang General Hospital and Sengkang Community Hospital are both three minutes’ drive away.
Your backyard is a whole natural landscape filled with lush greenery where Sengkang Riverside Park and Sengkang Floating Wetland lie. Closeby, is Punggol Waterway Park, Punggol Promenade Nature Walk, Lorong Halus Wetland and Serangoon Reservoir. Cycle to these places via park connectors like Serangoon Park Connector and Buangkok Park Connector. Drive further up and find Seletar Country Club/Golf Course, Seletar Aerospace Park, Horse Riding School, Gallop Wagons, and the ever-popular wedding shoot spot, Coney Island.
Your child’s education should be the least of your worries. Several schools are within the vicinity – they are Pei Hwa Secondary School, Nan Chiau Primary School, Nan Chiau High School, Anchor Green Primary School, Compassvale Primary School, Compassvale Secondary School, CHIJ St. Joseph Convent School and more.
3. Property Price
Riverbank @ Fernvale’s price for a three-bedroom unit in the past two years:
- January to December 2018- up to $1,190,000
- January to December 2019- up to $1,140,000
This is definitely good news for home buyers! For those who are looking to purchase a high floor three-bedroom unit in Riverbank @ Fernvale measuring 1044sqft, the price is still at S$1,140,000.
Does this sound like a perfect family home to you? Make it a reality with Riverbank @ Fernvale.
Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for Riverbank @ Fernvale
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 Riverbank @ Fernvale
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 three-bedroom unit at Riverbank @ Fernvale the price is at $1,140,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $32,600.
| 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 $140,000 | 4% | $5,600 |
| BSD Payable | $30,200 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for Riverbank @ Fernvale
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 Riverbank @ Fernvale
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,140,000 |
|---|---|---|
| If Riverbank @ Fernvale is your second residential property | 12% | $136,800 |
| If Riverbank @ Fernvale is your third or subsequent residential property | 15% | $171,000 |
ABSD for Singapore Permanent Resident when Buying Riverbank @ Fernvale
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,140,000 |
|---|---|---|
| If Riverbank @ Fernvale is your first property | 5% | $57,000 |
| If Riverbank @ Fernvale is your second or subsequent residential property | 15% | $171,000 |
ABSD for Foreigners when Buying Riverbank @ Fernvale
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,140,000 |
|---|---|---|
| Foreigners buying any property | 20% | $228,000 |
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.
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