Developed by Benefit Investments Pte Ltd (a subsidiary company of Allgreen Properties Ltd), this three-year-old condominium in Hougang, has many amenities, recreational places, schools and future developments, it’s no surprise that Riversails is a popular property in the North-East of Singapore.
4 Reasons to Choose Riversails in Hougang for Your Next Property Investment:
1. Rental Price Increase
Singapore’s overall rents for condos in the North-East Region increased by 2.9% and the country’s rental prices increased on a year-on-year basis as of Q3 2019.
The monthly rental of a 3-bedroom apartment in Riversails is $2,800 while the nearby condominiums, The Florida is $3,000 and Austville Residences is $2,900 for the same number of rooms. All of them are within a 1.7km radius from Hougang MRT Station. You can say that rent at Riversails is pretty affordable as compared to the rest, with very good potential for a rental price increase with the upcoming developments in the region.
2. Higher Tenant Demand
In 2019, there are two percent more foreigners which contributed to the private property rental market.
Future commercial developments in Hougang such as Defu Industrial Park and Lorong Halus Industrial Park means more new jobs which means higher demand for housing. Who doesn’t want to live close to their workplace, right? There will be attractive features in these areas too such as a cycling network, an amenities centre, and a riverfront.
3. Increase in Property Prices
What factors may contribute to these competitive rental rates in and near Riversails?
Transportation and Accessibility
The property is located less than 2km away from Hougang MRT Station, Buangkok MRT Station and Kangkar LRT Station. You can take buses 62 and 102 to get to Hougang MRT, 102 to Buangkok MRT, or 136 to Kangkar LRT, either way, all routes take less than 10 minutes. For those with personal transport, Riversails is to Kallang-Paya Lebar Expressway, where it can take you to Changi Airport and Orchard Road in less than 20 minutes.
Future Developments in North-East Region
Besides the new industrial parks, a number of new community amenities will be developed at Buangkok (Buangkok Integrated Development), Punggol and Fernvale (Punggol Town Hub & Linear Green). Public transportation is improving too; The Thomson-East Coast Line (TEL) and Cross Island Line (CRL) will provide more convenient commutes and Hougang will be one of the new integrated transport hubs.
Park connectors and cycling networks within towns will progressively expand over the next 10-15 years as well. This was unveiled in the draft master plan 2019 by the URA.
Healthcare
Healthcare institutions such as Bright Vision Hospital, Sengkang General and Community Hospital and Tan Tock Seng Hospital are conveniently located as they are less than 20 minutes’ drive away from the condominium.
Education
There are over 20 childcare, primary and secondary schools within the vicinity such as MY World (Preschool), Punggol Primary Serangoon Secondary School, North Vista Primary and Secondary School, Holy Innocents’ High School, CHIJ Our Lady Of The Nativity and many more.
4. Perks for Own Stay
A myriad of amenities are available near Riversails, from shopping malls (Hougang Mall, Rivervale Mall, NEX Shopping Mall) to food establishments (Kovan 209 Food Centre, Chomp Chomp Food Centre, Punggol East Container Park), you won’t have to worry about not having enough options for your dinner or shopping plans.
You can appreciate the fresh air and the rest of what nature has to offer at Punggol Park while you taking a jog or stroll around the 5-hectare pond in the park. Feeling adventurous? Venture beyond the park and explore the scenic views of Lorong Halus Wetland and Sengkang Riverside Park through the North Eastern Riverine Loop.
Looking for a home in the North-Eastern Region? We’ve got you covered with Condo Resale and Rental Services, and Condo Rental Documentation Service.
