THE IVERIA

LOCATION and AMENITIES- THE IVERIA

FACILITIES and SITE PLAN E-BROCHURE- THE IVERIA

The Facilities and Site plan of new condo launch at the former site of Riviera Point, along Kim Yam Road, River Valley, are currently seeking approval from relevant authorities. 

If you would like to be updated on first hand information for new condo launch at the former site of Riviera Point,
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RESIDENTIAL FLOOR PLANS E-BROCHURE- THE IVERIA

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for your E-Brochure, Floor Plans and Pricing Here when available!!

• Make sure you check the measurement of each room which will give you the idea of the size of the room and how much of your furniture can fit into it. Always check which way the door will be swinging and the space that will be left empty after the door is opened or closed. Check if the windows embedded in the condo are as per your necessities. Sliding windows are demonstrated by thin empty line by the dividers, while casement windows, as a rule, come in sets.

• Do check whether room size matches your required area so that you do not have to face difficulty when fitting the furniture in the room. Make sure the total numbers of rooms mentioned in the floor plan are according to your family needs. Check the dimensions allotted to the kitchen. Make sure that every room has a separate entryway so that there is no hindrance to privacy.

• Check the measurements of the corridors as most people consider long passageways are generally viewed as a waste of space. Always check for natural lighting. This is a very important step for the ventilation and the aura of your home. Ensure you get enough morning and evening day light and the accessibility of sun shades. Ensure that there is appropriate cross ventilation in the house Condominiums usually do have room for the family maids. Make sure that there is one if you require it.

• Ensure that the cupboards are built-in in the condominium so that you do not have to spend extra money on installing new ones. Check which walls are structural and nonstructural for safe removal in the future. Structural walls are represented in the floor plan by thick bold lines while non-structural walls are indicated by thin lines. Check if storage room and pantry space fulfill your requirements. Also note that whether the washrooms are connected or common, according to your requirements.

AVAILABLE UNITS/ SOLD/ CHEAPEST PRICES PSF- THE IVERIA

Like any other new launches, the prices of The Iveria will only be announced on the sales day. Indicating pricing will be announced earlier. 

The Iveria where the site at former Riveria Point was sold to Macly Group, for $    million, as collective sale. The sale price of $    million, with a top up premium of S$    million to intensify the piece of land and to top up lease, works out to a land cost of about $1515 psf per plot ratio on the potential gross floor area.

Cost of Land

The biggest item which determines the new condo price on the launch date is the price at which the land was acquired for the development. This cost of land is spread out across the size of the development so that the cost per square foot (psf) is established. This means that a piece of land with fewer condos may have a higher land psf than another similarly sized piece of land with more condos built on it.

Construction Costs

The cost of constructing the condos also influences the price at which those condos will be sold on the launch date. Construction companies have become so efficient that their construction costs for each square foot of a building don’t vary so much.

Developer Expenses and Profit

The cost of land and the cost of building the condominium will give you the base cost of the project. A fraction (30%) of that base cost will be added in order to cover the additional expenses (conveyance fees and financing costs, for example) incurred during the land development. That fraction of the base cost also covers the profit margin of the developer. The total of the base cost and the extra 30% in order to arrive at an estimate of the likely new condo price on the launch date.

Developers want to make a good product that is of value to the consumers, and they need to generate healthy profits levels for their shareholders. With the most expensive items as land and construction costs, add on the administrative, sales and marketing expense, finance cost, profit margin we will arrive at the selling price.

Marketing expense for the project is around $200 psf. Construction costs including architecture design, is about $400 psf for a condominum.

• Administrative expenses: Staff costs, office rents etc..
• Sales and marketing expenses: Showflat building costs, commission for real estate agencies, advertising for the development, lawyer fees for conveyancing etc..
• Finance costs: interest expense paid to the finance institutions for financing the development.

Land Cost: $   psf prr
Construction Cost: $400 psf
Marketing expense: $200 psf
Profit margin: 20%
Estimated launch price: $   psf

WHY BUY THE IVERIA NOW

After enduring four years of decline, the property developers finally have some good news. The URA reported an increase of 5.4 percent in the private residential property. This is now attracting property dealers from all over the world. As you all may know, Singapore is an island and land will always remain a scarce commodity that’s why the prices of these properties are bound to increase in the long term.

Since The Iveria new launch condo is currently under construction, it offers a great option for buyers who are still saving the money for the initial down payment. By facilitating buyers with a progressive payment schedule, installments can be made every few months. These small installments represent a much more accommodating and manageable mortgage. If you buy an investment property, you can easily find a tenant that will help you pay down the loan and mortgage. You will be buying the property at the best price if you get it directly from the developer.

After the purchase, you can resell the property at a higher price. This is great for young people who are looking to settle down in a good place. The great thing about The Iveria new launch condominium is that there is no asset depreciation. So, if you sell the condo just before its completion, you have a chance of acquiring a higher profit.

Buying a unit in The Iveria condo will prevent you from paying buyer’s commission because that will be paid by the developer. After each successful sale, the developer pays the agency which further pays the agents involved. The location of your condo will play a huge role in determining its value in the long run. You can also choose the unit you desire since The Iveria is newly launch, but you will have to act fast because condominiums sell out pretty fast.

This is ideal for buyers who are very choosy and particular about what kind of home they want. You will have the opportunity of securing units with better views which will eventually become very valuable on the open market. All you have to do is sign up and pre-register for the preview by contacting the developer’s marketing team members. To attract a lot of customers, property developers often offers many discounts and stamp duty reimbursements during the VIP and VVIP preview. All you have to do is choose your desired units, submit them with your cheque and leave the rest to the developer’s agent.

The developer’s marketing team will enlighten you regarding the all the particular details of The Iveria such as the pricing, floor plan, etc. during this preview. The value of these condominiums automatically increases the moment the developer removes the early bird discounts. These discounts will be saving you a lot of trouble of negotiating with the seller as well.

Anyone who has invested so much in property would want to be relieved from any further tensions and look forward to enjoying their latest purchase. You will receive The Iveria in brand new condition and can renovate it according to your taste and needs. Not that you’ll need any renovation because everything will be brand new and you will not have to deal with additional maintenance work.

But in case you face any issues in the condo, you won’t have to spend extra money to get it fixed because the developer offers you a one-year warranty on fixtures and fittings. The plus point about The Iveria is that you add your personal touch to it as everything will be according to your choice, and you will not have to deal with the previous owner’s choices. Coastline Residences also offer much better facilities than any other resale property.

Investing in a unit in The Iveria newly launched condo does mean that you will have to wait to enjoy the luxury, but one thing that will help you get through it is that the wait and money are going to be worth every second and penny.

SHOWFLAT LOCATION- THE IVERIA

If you wish to visit The Iveria Showflat viewing, all you need to do is to schedule an appointment with us before coming around so as not to waste your time and avoid making a fruitless journey because our showflat may not be opened to the public on particular days and time.

Get amazing benefits as well as Direct Developer Discount. For additional enquiry, please get in touch with us at our Sales Information Hotline +65 90070868 for further details on the details of The Iveria Condominium. 

Get in touch with The Iveria Developer Sales Support Team.

It is important to deal with only with our authorized Developer Sales Support Team, you will get the best obtainable Direct Developer Discount. Get the latest information about The Iveria units today!

The Iveria Showflat is located along..............

Tastefully designed to maximise the usability and efficiency of the size, the geographical location, proximity to eateries and top schools, seek to attract many potential home seekers and upgraders to make The Iveria their dream home.

Do register early to book your The Iveria Showflat viewing appointment with us to have a feel of the luxurious and fine finishing by the developer after several detail plannings.

4 Simple things to take note before visiting The Iveria Showflat Gallery

1) We advise to check and know how much CPF you are able to use to purchase The Iveria Condo

2) Contact our Sales Team for our recommended trusted panel of bankers for your loan assessment

3) Are you affected by the TDSR? You will need to know the bracket which you are in

4) For the actual launch date, you will need to understand on how the balloting system works

Register Early to keep yourself update on the latest information pertaining to The Iveria. Alternatively, you may contact our Developer Sales Personnel for a non-obligated discussion.

CONTACT US

You are only one-step away from owning a unit in The Iveria

Thank you for Your interest in The Iveria

Be among the first to view and book The Iveria, a new life-style in former site of Riviera Point at Kim Yam Road, at the lowest pre-launch price

Enjoy attractive prices before the official public launch. Be the first to secure your choice unit

• Latest updates on the development
• Priority unit choice and selection
• Enjoy early-bird VVIP Discounts
• Direct Developer price
• No Commission payable

Register for a copy of The Iveria Floor plans, E-Brochure, Pricing and Latest Updates!