PROJECT DETAILS

 

Register with Us to Get

First-Hand Information

A New life-stlye EC in Anchorvale Lane

Next to Sungei Punggol

 

Checklist and Financing

Click Here

 

With the MSR 30% cut

How much loan

can I apply?

Need further

clarification on

financing for

your choice unit?

Or opt for

Defered payment scheme

for a bigger unit?

Give Us a Call

Drop us a message

<The Vales EC Sengkang> Sold Out

<Terrace EC Punggol> Sold Out

<The Criterion EC Yishun> Sold Out

<Visionaire EC

next to Canberra MRT> Sold Out

<BrownStone EC
next to Canberra MRT>

<Sol Acres EC
Choa Chu Kang>

 

Invest in Centre of
North Coast Innovation
and Learning Corridor

<North Park Residences>

  

Mega project in Upcoming
Seletar Regional Centre/
Sengkang price starting
from s$3xx,xxx Only!!

<High Park Residences> Sold Out

  

Leverage on your assets
and banks to Grow
Your Dollars over time

Register Here to have More Options

LOCATION MAP and AMENITIES

Residents of New EC in Anchorvale Lane will have good accessibility. It is 400 metres away to Tongkang LRT Station which operates the Sengkang LRT Line West Loop. This will bring residents to Sengkang MRT Station. It has good connectivity. It is:

• 3 LRT stops to Sengkang Town Centre where Compass One Shopping Mall and Sengkang Square are located and serve residents of New EC in Anchorvale Lane
• 3 LRT stops to Seletar Mall and Fernvale Point where residents can have more choices of shopping, dining and leisure
• 1 MRT stop to Punggol Town Centre- the new Pungol Waterway Point
• 2 MRT stops to Hougang Mall and Bus interchange
• 3 MRT stops to Heartland Mall and Bus Interchange, Kovan Market and Food centre
• 4 MRT stops to Serangoon MRT Interchange which serves Circle Line, Bus interchange, NEX mega mall

Amenities Near New EC in Anchorvale Lane Sengkang

FACILITIES SITE and RESIDENTIAL FLOOR PLANS

The New Anchorvale Lane EC Facilities Site planand Floor Plans are currently seeking approval from relevant authorities.

If you would like to be updated on first hand information for this upcoming EC in Anchorvale Lane Sengkang or would like to know more about progressive and deferred payment schemes, Please

Register with Us
for More information!

DEVELOPER HOI HUP REALTY and SUNWAY DEVELOPMENTS

Developer- Hoi Hup Realty

Hoi Hup Realty Pte Ltd, established since 1983. A dynamic real estate developer who has accomplished over 900 quality homes and currently has a pipeline of more than 500 private residential units at different stages of development. Sold out projects including The Ford @ Holland, Suites @ Cairnhill and Waterford Residence indicated that developments were well-received by the market.

An eye for details and years of experience in the industry, our people have gained knowledge of the properties we develop. This knowledge enables us to increase our effectiveness and to deliver a high level of quality and innovative products to our home buyers. 

Achieving high standards of building excellence. With a disciplined vision and a strong philosophy to develop properties that offer the highest level of style, functionality and innovation within prime and strategic locations, Hoi Hup’s dedication is harmonized by its commitment to outstanding workmanship and admirable value. Hoi Hup, are driven to innovate and set new standards as the niche developer that caters to a wide range of markets today and tomorrow.

Past Launches include:

Sea Esta

The Miltonia Residences

Arc@Tampines

Charlton Villas

City View@Boon Keng

deRoyale

Emerald East

Kovan Regency

La Vista@Yuan Ching

Legenda at Joo Chiat

Marine Ville

Merlot Ville

Mimosa Gardens

Questa at Dunman

Rio Gardens

Shelford 23

Sims Green

Suites@Cairnhill

The Bale

The Eastside

The Estiva

The Foliage

The Ford@Holland

The Foresta@Mount Faber

The Grandhill

The Maylea

The Peak@Toa Payoh

Vacanza@East

Versilia on Haig

Waterford Residences

Woodgrove Condominium

Main Contractor- Straits Construction

Straits Construction is one of Singapore’s leading builders with a repertoire of projects spanning the public and private sectors, from residential to commercial projects. Right from the start, we saw how we could do things better and faster. We are not just builders who know our craft well, but we are always thinking of ideas to take the business even further. We are innovators and solution providers looking for sustainable ways to improve the space where communities live and work in.

Some of our latest initiatives include leveraging technology to improve product quality, training and development to raise the skill levels of the industry, and spearheading one of Singapore’s integrated construction and prefabrication hubs to elevate productivity.

2016

The Whitley Residences

Cluster Terrace and Semi-Detached Housing Development (61 units) with common facilities at Whitley Road.

2015

Sea Esta

Condominium Housing Development comprising of 6 blocks of residential building (376 units) at Pasir Ris Link.

Yishun Greenwalk

Public Housing Development comprising of 12 blocks of residential building (1400 units) at Yishun Avenue 9

Kovan Regency

Condominium Housing Development comprising 6 blocks of residential building and 15 terrace houses (393 units) with swimming pool and basement carpark at Kovan Rise.

2014

The Miltonia Residences

Condominium Housing Development comprising of 18 blocks of residential building (410 units) at Miltonia Close

Lake Vista

Public Housing Development comprising of 4 blocks of residential building (682 units) at Yuan Ching Road

Arc@Tampines>

Executive Condominium Housing Development comprising of 9 blocks of residential building (574 units) at Tampines Avenue 8

Fernvale Foliage

Public Housing Development comprising of 4 blocks of residential building (504 units) at Sengkang West Way

TOOLBOX

Single-user Industrial Development with ancillary facilities at Tuas South Street 12

The Foresta @ Mount Faber

Condominium Housing Development comprising of 4 blocks of residential building (141 units) at Wishart Road

Vacanza @ East

Condominium Housing Development comprising of 7 blocks of residential building (473 units) at Lengkong Tujoh

2013

Questa @ Dunman

Condominium Housing Development comprising of 2 blocks of residential building (122 units) at Dunman Road

2012

Residences @ Killiney

Condominium Housing Development comprising of 2 blocks of residential building (68 units) at Killiney Road

Casa Clementi

Public Housing Development comprising of 10 blocks of residential building (2234 units) at Clementi Avenue 1

The Peak @ Toa Payoh

Public Housing Development comprising of 5 blocks of residential building (1203 units) at Toa Payoh Lorong 1A

2011

Damai Grove

Public Housing Development comprising of 8 blocks of residential building (738 units) at Punggol Drive

Shelford 23

Condominium Housing Development comprising of 2 blocks of residential building (33 units) at Shelford Road

2010

Buona Vista Court

Public Housing Development comprising of 4 blocks of residential building (828 units) at Holland Drive

City View @ Boon Keng

Public Housing Development comprising of 3 blocks of residential building (714 units) at Boon Keng Road

Charlton Villas

Terrace and Semi-Detached Housing Development (39 units) with common facilities at Charlton Lane

Dover Gardens

Public Housing Development comprising of 4 blocks of residential building (943 units) at Dover Crescent

Waterford Residence

Condominium Housing Development comprising of 2 blocks of residential building (118 units) at Kim Yam Road

Versilia on Haig

Condominium Housing Development comprising of 2 blocks of residential building (128 units) at Ipoh Lane

Suites @ Cairnhill

Condominium Housing Development comprising of a block of residential building (48 units) at Anthony Road

Coralinus

Public Housing Development comprising of 6 blocks of residential building (365 units) at Punggol Place

2009

Hoi Hup Building

Multiple-users Industrial Development with basement carpark at Jalan Kilang

The Ford@Holland

Condo housing development comprising of 2 blocks of residential building (85 units) at Ford Avenue.

SENGKANG OVERVIEW

Sengkang is a sub-urban town in the north-eastern part of Singapore. The town is bounded by the Tampines Expressway (TPE) to the north, Sungei Serangoon (Serangoon River) to the east, Buangkok Drive to the south and Jalan Kayu to the west. Sungei Punggol (Punggol River) cuts through the new town, and divides the town into Sengkang East and Sengkang West.

Sengkang West Industrial Park, is to be built to the west of Jalan Kayu in the near future, bounded by a road which is estimated to be completed this year. The new road, Sengkang West Road, begins where Yio Chu Kang Road and Jalan Kayu intersect, passes through the Fernvale neighbourhood, cuts through TPE across the proposed Seletar Aerospace Flyover and links to the future upgraded Seletar Aerospace Park (SAP).

• The completion of Sengkang West Road to ease the traffic to Seletar Aerospace Park and Sengkang West Industrial Estate
• Widening and expansion of CTE/ SLE/ TPE/KPE, between Jalan Kayu flyover and Punggol West Flyover and construction of road between TPE and Yishun Ave 6

• Sengkang General Hospital by 2020
• Seletar Aerospace Park (SAP)
• Sengkang West Industrial Park

AMENITIES RECREATION and LEISURE FOR RESIDENTS OF NEW EC IN ANCHORVALE LANE

Compass One, with a retail space of 269,098 square feet which spread out four storeys and features a two levels library is at the Sengkang Town Centre. At the Sengkang Town Centre, residents of New EC at Anchorvale Lane can also visit Sengkang Square for local food. With these, will meet their daily needs and necessities of residents of New EC at Anchorvale Lane.

Alternatively, residents can also go to Seletar Mall and Fernvale Point for more options. 

A large-scale childcare centre at size of 269,100 square feet, My First Skool for Early Childhood Development will be built at the junction of Fernvale Link and Sengkang West Way, near block 430, to be completed by mid 2016. It will take residents 1 Station from New EC at Anchorvale Lane to Layar LRT Station and working parents will have ease of mind with their kids when away to work.

Here, children will learn interacting with one another and the Skool will focus on Science, Technology, Engineering and Mathematics (STEM). 

New Anchorvale Lane EC is well supported in recreation. It is located next to Sungei Punggol Reservoir and residents may travel or cycle along Punggol Park Connector. Along the Punggol Park Connector, residents may also find Sengkang Riverside Park which has unique water features, a constructed wetland that collects and filters rain waters naturally through its aquatic plants. The wetland doubles as a wildlife habitat and attracts many mangrove birds into the park such as purple heron, collared kingfisher and little tern.

ENHANCED CONNECTIVITY IN SENGKANG WITH NEW ROADS

Sengkang West Road

Seletar Aerospace Way

HIGHER DEMAND FOR ECs WITH ITS HIGH PROFIT MARGIN AND LOW ENTRY PRICE

Owners of Executive Condominiums (EC) stand a huge capital potential appreciation in due of the low entry price to purchase a unit compared to private condominiums.

After a period of 10 years, the EC will be privatised, changing its status to be on level to a private condominium. Foreigners will be able to purchase the unit then. Owners typically enjoy a capital gain after their EC is privatised.

The above table shows a significant increase in capital appreciation for EC owners. 

Purchasing an EC is extremely promising as we may look into such capital appreciation after it becomes privatised over time.

As the entry price for an Executive Condominium (EC) is much lower than a private condominium, demand for ECs has been on the rise. New EC units are generally 15-30% cheaper than private condominiums. In addition, first timer are entitled to receive a CPF Housing Grant of up to S$30,000. These make EC an extreme worthwhile asset to purchase. 

Physical features are similar when comparing between a new executive condominium with a private condominium. This include facilities such as gym, clubhouse, security guard, tennis court, swimming pool and many more.

With further developments in Sengkang and Seletar, residents of New EC in Anchorvale Lane will look into a long term investment with high profit margin.

When doing a comparison between an executive condominium and private condominium, we know that both EC and private condominiums offer the same features such as swimming pool, gym, tennis court and many more, 

As resale executive condominiums are typically larger in space comparing to its counterpart and with a lower entry price, demand has increased for the resale ECs. This has led to a narrowing of price gap.

Owners of resale ECs have profited greatly in the market with their low entry price and they had enjoyed the bigger space and same facilities.

CONSORTIUM HOI HUP and SUNWAY DEVELOPMENTS WON TOP BID FOR EC LAND SITE IN ANCHORVALE LANE SENGKANG

There was a huge turnout for executive condominium (EC) site on offer by Government Land Sales (GLS) with 16 developers casting bids for an Anchorvale Lane plot that could yield about 630 units.

It was the highest number of bidders for an EC site since the tender for a Yuan Ching Road site, now Lake Life, in July 2013.

Hoi Hup Realty and Sunway Developments submitted the top bid of $240.95 million or $355 per sq ft per plot ratio (psf ppr). It was just 2.5 per cent above Wee Hur Development's bid of $235 million or $346.30 psf ppr. Given the top bid of $355 psf ppr, the developer would probably have to sell at over $820 psf ppr, above levels at the other projects.

10 of the 16 bids at the latest tender exceeded S$300 psf ppr.

This is the only EC site to be launched on the confirmed list of the Government Land Sales (GLS) Programme in 2016. Measuring approximately 226,199 sq ft, the site has a maximum gross floor area (GFA) of about 678,598 sq ft. Its gross plot ratio is around 3.0.

Located beside Punggol Reservoir, Anchorvale Lane is close to Tongkang LRT station, which connects residents to Sengkang MRT station and bus interchange. The newly renovated Compass One, as well as malls such as Seletar Mall, Rivervale Mall and Rivervale Plaza are also nearby.

As many parties were bidding competitively, outlook on the EC market would be fairly optimistic, a pick-up in demand and improvement in prices when the project is launched in late 2017 or early 2018 is expected. The current EC glut being steadily soaked up in the next 15 months, which will be the earliest when the top bidder, Hoi Hup, can launch the new project on the Anchorvale Lane site under current rules.

The potential bottoming of the private home market would also have a positive effect on the EC market, as stable or recovering prices of private homes would augur well for EC prices as well.

The area has several ECs which are launched and with unsold stock, including Bellewaters, The Vales and Treasure Crest.

Despite an unprecedented quantity of unsold stock, the EC market has seen some traction in the last few months.

The number of unsold EC units has been decreasing in the market since the first quarter of this year.

The stock had dropped to 5,471 unsold units as at the end of June, from 6,520 units in the first quarter.

When contacted, Hoi Hup director Wong Sjew Hung said, "We really like this site, which is next to Punggol Reservoir and near Sengkang Riverside Park. It's in a green, tranquil area."

Hoi Hup's bid would translate to a breakeven cost of about S$685 psf and that the group is eyeing an average selling price of S$755-760 psf when the project Anchorvale Lane is launched late next year. The proposed scheme comprises 640 apartments in 10 blocks. The 17-storey project will comprise mostly three-bedders, with some four and five-bedroom units.

Also noteworthy is that Hoi Hup clinched the previous EC site tendered - in the Hougang/Yio Chu Kang area - in February this year. Ms Wong said that the plan is to launch the 531-unit project around June 2017.

Source: Straits Times/ AsiaOne

CONTACT US

You are only one-step away from owning a unit in New EC in Anchorvale Lane

Thank you for Your interest in New EC at Anchorvale Lane in Sengkang

Be among the first to view and book New EC at Anchorvale Lane a new life-style living condominium next to Punggol Reservoir, 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 New EC at Anchorvale Lane, Floor plans, E-Brochure, Pricing and Latest Updates when available!