EIGHT RIVERSUITES: Kallang Condominium | Details & Reviews

Name: EIGHT RIVERSUITES
Brand: EIGHT RIVERSUITES
SKU: EIGHT RIVERSUITES
Rating: 3.4 (8 reviews)

Eight Riversuites

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$ 1,754 psf

Range

S$ 1,369 - 1,957 psf

Rental Price **

Average

S$ 6.0 psf pm

Range

S$ 2.9 - 8.7 psf pm

Rental Yield **

4.1%

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

Amenities

3.1

Convenience

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

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 71.3%, PR 20.2%, Foreigner 8.2%, Company 0.3%.

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.

Based on transaction data in the last 12 months, sale prices range from S$ 1,369 psf to S$ 1,957 psf at an average of S$ 1,754 psf. Its highest recorded transaction was S$ 1,957 psf in Dec 2023 for a 700-sqft unit. Its lowest recorded transaction was S$ 852 psf in Aug 2012 for a 1,528-sqft unit. Its current rental yield is at 4.1%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, SHENG SIONG SUPERMARKET PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD.

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.

What they say

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4.8

"Overall, a very good development that is generally undervalued. Full facilities including 2 pools, elevated gym and even tennis court. Low maintenance fees. Breezy and quiet environment. Landscape is regularly well-maintained and the multiple water features add pluses to the surroundings. Took only 6-minutes for a slow walk to Boon Keng MRT Station which is just 3 stations from Dhoby Ghaut MRT Interchange. For drivers and cab-takers, access to PIE and CTE is fantastic. Further, drives to Bugis/ Suntec/ CBD/ Novena are a breeze. Plenty of good food near the development. Park connector to the National Stadium is right in front of the development. Truly, difficult to find something better at these prices. "

1******h@gmail.com

Owner | 23 Mar 2023

3.6

"I dont see much potential in this place. This project is surrounded by lots of freehold private housing which makes further development impossible. "

b*******l@gmail.com

Owner | 25 Sep 2021

2.8

"Good location but quality of facilities leave much to be desired. Hopefully new MCST will improve the overall quality"

e**********g@gmail.com

Owner | 31 Oct 2016

"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 | 05 Jul 2022

"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

"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

"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

"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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Nearby Amenities

Source: URA, www.edgeprop.sg

All Nearby Amenities

Within 500m