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.