Eight Riversuites

Overview

Unit Info

Sales

Rental

Surrounding

More

Overview

Unit Info

Sales

Rental

Surrounding

More

Note: This project has high transaction volume. For performance reasons, a default 5-year time frame has been selected. You may change this in the Report Options above

Sale Price *

Average
S$ 891 psf
Range
S$ 777 - 967 psf

Rental Price **

Average
S$ 1.6 psf pm
Range
S$ 1.4 - 1.7 psf pm

Rental Yield **

2.1%

Rental income expressed as a percentage of the property's value.

Amenities

3.6
3.6

Convenience

4.2
4.2

Connectivity

Details

No Data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
No Data
Description
Eight Riversuites is a leasehold (99 yrs from 2011) condominium completed in 2016. It is developed by UE DEVELOPMENT (BENDEMEER) PTE LTD and designed by CPG CONSULTANTS PTE LTD (UE DEVELOPMENT PROJECT). The development occupies a land area of 18,618 sqm and a Gross Floor Area of 65,164 sqm. It consists of 862 units. According to records, buyers of this development are Singaporean 50.0%, PR 29.2%, Foreigner 20.8%, Company 0.0%.

EIGHT RIVERSUITES is located along Whampoa East in Kallang, in District 12. It is accessible through the nearest MRTs including Boon Keng NE9 and Geylang Bahru DT24. The nearest schools are BENDEMEER PRIMARY SCHOOL and BENDEMEER SECONDARY SCHOOL.

Based on transaction data in the last 12 months, sale prices range from S$ 777 psf to S$ 967 psf at an average of S$ 891 psf. Its highest recorded transaction was S$ 1,074 psf in Oct 2013 for a 2,960-sqft unit. Its lowest recorded transaction was S$ 676 psf in Dec 2016 for a 2,960-sqft unit. Its current rental yield is at 2.1%.

Other nearby amenities include: 3 Childcare Centre(s): PCF SPARKLETOTS PRESCHOOL @ KOLAM AYER BLK 39 (CC), LITTLE KOALA PTE. LTD., MY WORLD PRESCHOOL LTD., and 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, SHENG SIONG SUPERMARKET PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, and 3 Kindergarten(s): Elim Kindergarten, Canaan Church (SCCC) Kindergarten, Kim Keat Christian Church Kindergarten.

Buyers and tenants are attracted to District 12, which is comprised of Serangoon, Toa Payoh and Balestier, a combination of areas that has historically quaint townships. Toa Payoh New Town, built by the Housing Development Board (HDB), represents Singapore’s second satellite city after Queenstown. Serangoon is well-served by two MRT lines, including the Circle Line station completed in 2010. Serangoon is also home to Nex, one of the largest shopping malls in the North-East Region of Singapore. Nex is integrated with a bus interchange, and houses a cinema and a public library. As one of Singapore's oldest housing estates, Toa Payoh has benefitted from the government's rejuvenation efforts. It has evolved into a vibrant neighbourhood centreed around HDB Hub, which has both shopping and dining facilities, as well as an air-conditioned bus interchange. Other amenities are Toa Payoh Stadium, Toa Payoh Sports Hall and Toa Payoh Swimming Complex. The Toa Payoh Stadium can sit 3,500 people, and has hosted S.League club games.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
Live Here? Tell us more
Write a review
5
"lived here for 4 years from 2018-2022 through covid period. great place to live. location location location. million dollar view as well."
H**** H****
Google Review     |   06 Jul 2022
4
"Brought my buyer here to view some units. The units have good thoughtful layouts. We dont feel cramped up in the unit. Comfy"
L** A** M** P*******
Google Review     |   12 Mar 2022
1
"This condo is next to the big "long kang", nice smell of the "river" if you know what I mean "
N** P***
Google Review     |   27 Feb 2022
2
"I am the property owner. On 4 Apr, I experienced lift drop on my way home. From level 26 to level 22. I managed to escape after making emergency call. Immediately I emailed MCST asking for root cause and preventive measure as this impose huge risk to our safety. I followed up 4 times until now. I dont see any reply from them. I feel disappointed by MCST and if possible, we should replace the existing MCST who wont value their customer health and safety."
È*****************
Google Review     |   09 Apr 2021
3
"As a condominium, it's very well built and very well structured. The entrance leads you straight into the carpark and all the blocks. There's no ground level driving space. But, it also silos up every block, so you'll likely just drop off straight at the block you need to get to, without ever intermingling with the other blocks. As a result, it's very easy to build discretion in whatever you're attempting to do (if you're able to read between the lines). As a community, can get a little messy. That said, it's a convenient condominium."
F** Y***
Google Review     |   06 Dec 2020
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Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
No Data

Sales Transaction of EIGHT RIVERSUITES (Limited to 10)

There are 1 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

Date
Address
Price(S$ psf)
Price (S$)
Property Type
Tenure
Type of Sale
Area(sqft)
Type of Area
Purchaser Address
Source
  • 1
  • 2
  • 10 / page

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No Data
Rental Transactions of EIGHT RIVERSUITES
There are 4 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source
  • 1
  • 2
  • 10 / page

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
400 to 500
2,501
42
767,000
4
3.9
600 to 700
3,098
27
1,116,937
16
3.3
800 to 900
3,150
5
1,282,000
5
2.9
900 to 1000
3,663
12
1,446,327
11
3.0
1000 to 1100
3,930
5
1,673,333
3
2.8
1100 to 1200
3,917
6
-
-
-
1300 to 1400
4,733
3
1,880,000
1
3.0
Historical Quarterly Rental
Note: 25% of the tenant population paid below Rental 25th, 50% paid below the Median Rental and 75% paid below Rental 75th. Data are only available if there are more than 10 contracts signed in any quarter.

Graph Data

Table Data

PeriodRental 25th (S$ psf pm)Median Rental (S$ psf pm)Rental 75th (S$ psf pm)Contacts Signed
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Nearby Land Sales

Status
Street NameLocationLand AttributesEstimated Breakeven
Sold On JUL 2022
Euro-Asia Apartments (En Bloc)
Site Use
Residential
Tenure
fh
Plot Ratio
3
Site Area (sqm)
5,247
Site GFA (sqm)
15,719
Highest Bid ($M)
222.8
Highest Bid ($PSF)
-
Number of BIDS
-
Land ($M)
222.8
Construction ($M)
55.8
Land Financing ($M)
19.5
Profesional / Legal / Taxes ($M)
33.4
Marketing / Others ($M)
19.9
Estimated Total Cost ($M)
351.46
Estimated Breakeven ($psf ppr)
2,077

Listings

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11
View to Offer

    • 3 beds
    • 3 baths
    • D12
    • 2016
    • 99 years
    • S$ 1,060 psf
    • 2 Whampoa East
    Adrian Lim
    send_enquiry

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    FAQs about EIGHT RIVERSUITES

    What is the nearest MRT Station to EIGHT RIVERSUITES ?
    The nearest MRT Station from EIGHT RIVERSUITES is Boon Keng NE9 MRT

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