???? **RiveLLE EC** Preliminary Project Factsheet
Based on the land parcel secured by Sim Lian Group, RiveLLE is positioned to offer a substantial number of new EC units to meet the demand in the Eastern region of Singapore.
| Detail | Information |
|---|---|
| **Project Name (Working)** | RiveLLE EC / RiveLLE @ Tampines Street 95 |
| **Developer** | Sim Lian Group |
| **Location** | Tampines Street 95, District 18 |
| **Site Area (Approx.)** | 242,068 sqft |
| **Total Units (Estimated)** | Approx. 560 Units |
| **Tenure** | 99-Year Leasehold |
| **Launch Timing (Estimated)** | Targeting 2025 |
???? Strategic Location and Connectivity
The location of **RiveLLE Tampines** is a key selling point, offering a blend of mature estate convenience and excellent connectivity, crucial for the EC buyer profile.
- **MRT Access:** While slightly further than some integrated launches, the project is near the established **Tampines West MRT Station** (Downtown Line), providing direct access to the Downtown Core and the Central Business District (CBD).
- **Tampines Regional Centre:** Residents benefit from the full suite of amenities at the nearby Tampines Regional Centre, including Tampines Mall, Century Square, and Tampines One.
- **Educational Institutions:** The area is well-served by schools, which is a major draw for eligible families.
???? Pricing and Investment Potential
The **RiveLLE new launch EC** is highly anticipated, especially following the success of other EC launches in the East (like *Tenet* and *Aurelle of Tampines*). Price analysis is crucial for potential buyers.
Pricing Outlook:
The winning land bid by Sim Lian Group translates to an estimated breakeven cost in the S$1,200 to S$1,300 psf range. Consequently, the likely **RiveLLE EC** launch price is projected to range from **S$1,500 to S$1,600 psf** (This is an estimation and subject to developer adjustments and market conditions).
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EC Investment Benefits:
Purchasing **RiveLLE EC** offers significant long-term financial advantages unique to the Executive Condominium scheme:
- **Government Grants:** First-time buyers may be eligible for CPF Housing Grants of up to S$30,000, reducing the initial purchase price.
- **MSR Compliance:** ECs are subject to the Mortgage Servicing Ratio (MSR), capping loan repayments, which ensures buyers remain financially prudent.
- **Privatisation Upside:** Upon reaching the 10-year mark, RiveLLE EC will be fully privatized, allowing owners to sell to international buyers and investors, often leading to significant capital appreciation.
???? Advice for Prospective Buyers
Due to strong demand for ECs, especially in mature estates like Tampines, interested buyers should prepare early:
- **Check Eligibility:** Confirm you meet all necessary HDB eligibility criteria for purchasing an EC.
- **Financial Assessment:** Calculate your maximum loan eligibility (MSR) and grant amount before the launch.
- **Register Interest:** Registering with the developer's sales team is crucial for getting VVIP previews, early bird discounts, and the latest floor plans for RiveLLE.