PICTURES

Frasers Centrepoint-consortium to launch Sengkang condominium later this month

View of RiverTrees Residences' 'Cove Houses' and Amenities. New home sales in Sengkang are set to heat up, with the launch of another condominium at Fernvale later this month. -- PHOTO: FRASERS CENTREPOINT
View of RiverTrees Residences' 'Cove Houses' and Amenities. New home sales in Sengkang are set to heat up, with the launch of another condominium at Fernvale later this month. -- PHOTO: FRASERS CENTREPOINT
View of RiverTrees Residences from across the Sungei Punggol Reservoir. New home sales in Sengkang are set to heat up, with the launch of another condominium at Fernvale later this month. -- PHOTO: FRASER CENTREPOINT
View of RiverTrees Residences from across the Sungei Punggol Reservoir. New home sales in Sengkang are set to heat up, with the launch of another condominium at Fernvale later this month. -- PHOTO: FRASER CENTREPOINT

New home sales in Sengkang are set to heat up, with the launch of another condominium at Fernvale later this month.

The Rivertrees Residences project by a Frasers Centrepoint-led consortium will go on sale on Feb 22, about a week after its next-door neighbour Riverbank @ Fernvale.

The 495-unit Rivertrees is at Fernvale Close and sits alongside the Sungei Punggol Reservoir.

It has about 150 metres of reservoir frontage, and Frasers said in a statement that more than 90 per cent of the units would have views of the reservoir.

The project also includes a cluster of eight strata-titled landed duplex homes with three bedrooms, which Frasers said were the "only waterfront landed houses in Singapore, apart from those at Sentosa Cove".

Although official prices for the 495-unit project are not out yet, Frasers property chief Mr Cheang Kok Kheong said that the project could command a premium of $50 to $100 per sq ft (psf) more than Riverbank's average selling price of slightly over $1,000 psf.

Prices for the 1,528 sq ft landed homes in the project would be "different" but will be less than $2 million, he added.

Units range from 506 sq ft one-bedders to 1,593 sq ft four-bedders.

He said that about 500 people visited the showflat last Saturday and about 600 on Sunday.

The project is close to the Layar LRT station.

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