Riverbank @ Fernvale

Riverbank @ Fernvale is a leasehold (99 yrs from 2013) condominium completed in 2017. It is developed by UOL DEVELOPMENT (SENGKANG) PTE LTD and designed by DP ARCHITECTS PTE LTD. The development occupies a land area of 16,629 sqm and a Gross Floor Area of 49,885 sqm. It consists of 555 units. According to records, buyers of this development are Singaporean 79.7%, PR 16.7%, Foreigner 3.6%, Company 0.0%.

RIVERBANK @ FERNVALE is located along Fernvale Close in Sengkang, in District 28. It is accessible through the nearest MRTs including Sengkang STC, NE16 and Buangkok NE15.

Based on transaction data in the last 12 months, sale prices range from S$ 1,147 psf to S$ 1,605 psf at an average of S$ 1,354 psf. Its highest recorded transaction was S$ 1,605 psf in May 2023 for a 710-sqft unit. Its lowest recorded transaction was S$ 791 psf in Mar 2014 for a 710-sqft unit. Its current rental yield is at 4.0%. Other nearby amenities include: 3 Grocerie(s): SHENG SIONG SUPERMARKET PTE LTD, SHENG SIONG SUPERMARKET PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, and 1 Shopping Mall: FERNVALE POINT.

Buyers and tenants are attracted to District 28, which comprises of Seletar and a part of Yio Chu Kang. This district is served by the Yio Chu Kang MRT station of the North-South Line and bus service originating from Yishun Bus Interchange. A notable landmark in this district is the Seletar Aerospace Park. The 320ha development is an industrial park in Singapore to cater to the industrial and business aviation industries.

The North-East Region is the second largest and most densely populated of the five regions in Singapore, with Sengkang being its most populous town. Spanning 13,810ha, the North-East Region is mainly a residential region and housing estate largely comprised of HDB flats. In addition to a myriad of amenities including hospitals, parks, schools and transport options, the region is also home to a few tourist attractions such as Pulau Ubin and Coney Island. Seletar Aerospace Park, which comprises of several aviation manufacturing and research facilities by companies such Rolls-Royce and Singapore Technologies Aerospace, provide employment opportunities to residents both within and beyond the region. Sengkang General Hospital, a 1000-bed hospital, is the largest in the region and is built to further the government's efforts to provide quality and accessible healthcare to all Singaporeans.