RV Residences, situated along River Valley Road in District 10, is a 999-year leasehold condominium developed by Asiawide Resources Pte Ltd. It comprises 248 exclusive residential units across six blocks of seven storeys. If you love the idea of living close to Central Singapore, this is definitely the home for you. Let’s find out more about this property.
4 Reasons Why RV Residences Is an Ideal Home:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft | Average Price PSF (up to) |
|---|---|---|---|---|---|
| RV Residences | 999-year leasehold | 2014 | 1-bedroom 2-bedroom 3-bedroom 4-bedroom |
452 700 1,130 1,292 |
$2,221 |
You’ll get to enjoy the top-notch facilities here at RV Residences. Take a dip, swim or lounge at the sky pool, fun pool, and sun deck. Start your morning right or end the day fulfillingly at the gymnasium. Show off your hosting skills at the barbeque area, function rooms or moonlight dining. Soak in the goodness of nature at the Koen garden or relax at the massage pavilion. Your kids can have a fun time at the children’s play area, reading lounge, and games room.
2. Accessibility, Amenities, and Recreational Spots
The nearest train station is Tiong Bahru MRT Station on the East West Line (EWL), which is a nine-minute bus ride away. The upcoming Great World MRT Station on the Thomson-East Coast Line (TEL), which is slated to open by 2023, will be 600m away from RV Residences. RV Residences is accessible via River Valley Road and Kim Seng Road, which interlink to the Central Expressway (CTE). It would take you about nine minutes to drive to the Central Business District (CBD) and Orchard Road.
Finding a place to do some grocery shopping? Amenities like Cold Storage Valley Point, NTUC Fairprice (Valley Point), and Cold Storage Great World City are close by. Shopping malls such as Valley Point, Valley Point Shopping Centre, and Great World City are within the vicinity too. Take a short drive and you’ll reach the Orchard Shopping Belt. RV Residences is also close to eight major food centres such as Zion Riverside Food Centre, Tiong Bahru Market, Bukit Merah View Blk 115 Market and Food Centre, just to name a few.
There’s a handful of recreation clubs around the corner such as Stardust Clubhouse, The American Club, and Tanglin Club. The Tanglin Golf Course is also a short drive away. Want to spend the day outdoors with your family? Head down to the parks nearby, Tiong Bahru Park, Fort Canning Park, Pearl’s Hill City Park, Istana Park, or Singapore Botanic Gardens for a breath of fresh air.
3. Education and Healthcare
There are four childcare centres and three kindergartens within the 500m radius. Other nearby schools include: River Valley Primary School, Zhangde Primary School, Gan Eng Seng Primary and Secondary School, Outram Secondary School, Crescent Girls’ School, Overseas Family School, ISS International School (Elementary), Finnish Supplementary School, Swedish Supplementary School, Eton House International School, and Chatsworth International School Orchard Campus.
Looking for a doctor? Healthcare institutions found nearby are Gleneagles Hospital and Mount Elizabeth Hospital.
4. Property Price and Future Developments
The price of a three-bedroom apartment (1,572 sqft) on RV Residences’ mid-level floor, in the past three years:
- January to December 2017 – up to $1,573,640
- January to December 2019 – up to $1,811,888
Since 2017, property rental prices at RV Residences have been increasing. We can foresee the price rising over the years, thanks to upcoming developments like new amenities, improved connectivity, healthcare institutions, and recreational facilities.
Is RV Residences the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for RV Residences
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 RV Residences
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 RV Residences the price is at $1,811,888 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $57,076.
| 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 $811,888 | 4% | $32,476 |
| BSD Payable | $57,076 | |
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 RV Residences
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 RV Residences
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,811,888 |
|---|---|---|
| If RV Residences is your second residential property | 12% | $217,427 |
| If RV Residences is your third or subsequent residential property | 15% | $271,783 |
ABSD for Singapore Permanent Resident when Buying RV Residences
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,811,888 |
|---|---|---|
| If RV Residences is your first property | 5% | $90,594 |
| If RV Residences is your second or subsequent residential property | 15% | $271,783 |
ABSD for Foreigners when Buying RV Residences
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,811,888 |
|---|---|---|
| Foreigners buying any property | 20% | $362,378 |
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!
