The Riverbank @ Fernvale condominium (pictured) is expected to attract strong demand when it opens for public viewing on Thursday.
Located in Sengkang, the 555-unit development is the first major residential project to come onto the market after the Chinese New Year holiday.
The 99-year leasehold project consists of one- to five-bedroom and cabana units, of which 340 units will be three-bedrooms offering different layouts.
According to its developer UOL, the average price is slightly over $1,000 psf.
Prices will start from around $480,000 for a one-bedder while the five-bedders are in the range of $1.32 million.
Buyers are likely to be mainly HDB upgraders, but the smaller units could also attract investors.
Nearby amenities include the Seletar Aerospace Park and the upcoming Sengkang General & Community Hospital.
Bookings for units will start on 14 February and the project is expected to TOP in 2018.
Meanwhile, Frasers Centrepoint will begin the preview for Rivertrees Residences, also in the vicinity, in the coming weeks.
Both developments offer views of Punggol Reservoir.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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