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Riverbank @ Fernvale Sengkang: The Family Home within Natural Landscapes

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Developed by UOL Group (UOL), Riverbank @ Fernvale is located at Sengkang New Town, a quiet residential estate in District 28. Overlooking both Sungei Punggol and Sengkang Riverside Park, this condominium comes with a good range of units, making it a great family home.

Here’s Why Riverbank @ Fernvale Is an Ideal Family Home:

1. Specifications and Perks for Own Stay

Project Name Tenure TOP Unit Type (up to) Size in sqft (up to) Average Price PSF (up to)
Riverbank @ Fernvale 99-year leasehold 2017 1-bedder
2-bedder
3-bedder
4-bedder
5-bedder
Cabana
495
710
1044
1238
1389
1216
$1,099

The unit types at Riverbank @ Fernvale are unique. Lofts come with high ceilings, cabanas have their own private car parks and dual-key units give more privacy, perfect for multi-generational families. Into the bargain, each residential unit is equipped with Electrolux appliances (fridge, washer and dryer), making riverfront living here covetable.

Facilities at Riverbank @ Fernvale are set to make your days fruitful and exciting. Rest and relax at various spots like Jet Therapy Pool, Hammock Island and Hot Tub Enclave. Have fun workouts at the 50m Lap Pool, Gymnasium and Yoga Deck. Play friendly matches at the Tennis Court and Multi-Purpose Play Court. Enjoy the view at the Sky Observatory while barbequing or chilling at the Sky Bar. Spend memorable days with your family at the game, karaoke and movie rooms that’s located in oval-shaped clubhouses. Kids will have a ball at the children’s playground and pool too!

2. Accessibility, Amenities and Schools

Layar LRT is a 5-minute walk from Riverbank @ Fernvale, taking you to Sengkang MRT Station (on the North-East Line) in three stops. A commute to the Central Business District (CBD) will take about 40 minutes, while driving, in good traffic conditions, will take half the time. The closest expressway is TPE. Easily accessible from the property, it links you to the KPE, SLE and CTE. There’s even a bus stop outside Layar Station, where bus services cover Bishan, Punggol, Sengkang, Yio Chu Kang, Toa Payoh, Upper Thomson and the CBD.

Thinking of where to get groceries and dinner at the same time? Seletar Mall is a 10-minute walk. Travel a little more by car and reach places like Jalan Kayu Food Cluster (two minutes), Compass Point (four minutes), Greenwich V (five minutes) and IKEA Tampines, Giant Hypermarket and Courts Megastore. Need medical assistance? Sengkang General Hospital and Sengkang Community Hospital are both three minutes’ drive away.

Your backyard is a whole natural landscape filled with lush greenery where Sengkang Riverside Park and Sengkang Floating Wetland lie. Closeby, is Punggol Waterway Park, Punggol Promenade Nature Walk, Lorong Halus Wetland and Serangoon Reservoir. Cycle to these places via park connectors like Serangoon Park Connector and Buangkok Park Connector. Drive further up and find Seletar Country Club/Golf Course, Seletar Aerospace Park, Horse Riding School, Gallop Wagons, and the ever-popular wedding shoot spot, Coney Island.

Your child’s education should be the least of your worries. Several schools are within the vicinity – they are Pei Hwa Secondary School, Nan Chiau Primary School, Nan Chiau High School, Anchor Green Primary School, Compassvale Primary School, Compassvale Secondary School, CHIJ St. Joseph Convent School and more.

3. Property Price

Riverbank @ Fernvale’s price for a three-bedroom unit in the past two years:

  • January to December 2018- up to $1,190,000
  • January to December 2019- up to $1,140,000

This is definitely good news for home buyers! For those who are looking to purchase a high floor three-bedroom unit in Riverbank @ Fernvale measuring 1044sqft, the price is still at S$1,140,000.

Does this sound like a perfect family home to you? Make it a reality with Riverbank @ Fernvale.

Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!


Best Mortgage Rate Across All Banks for Riverbank @ Fernvale

Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.

Buyer’s Stamp Duty for Riverbank @ Fernvale

Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.

If you opt to buy a three-bedroom unit at Riverbank @ Fernvale the price is at $1,140,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $32,600.

Market Value of the Property BSD Rate Calculation
On the first $180k 1% $1,800
On the second $180k 2% $3,600
Next $640,000 3% $19,200
Remaining $140,000 4% $5,600
BSD Payable $30,200

Source: IRAS

Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!

Additional Buyer’s Stamp Duty for Riverbank @ Fernvale

Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

Who is liable to pay ABSD:

  • Singapore Citizen (SC) buying second, third and subsequent residential property
  • Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
  • Foreigners or entities buying any residential property

ABSD for Singapore Citizens when Buying Riverbank @ Fernvale

Here’s the ABSD amount you are required to pay if you are an SC:

Property Ownership ABSD Rate ABSD Amount from Price $1,140,000
If Riverbank @ Fernvale is your second residential property 12% $136,800
If Riverbank @ Fernvale is your third or subsequent residential property 15% $171,000

ABSD for Singapore Permanent Resident when Buying Riverbank @ Fernvale

Here’s the ABSD amount you are required to pay if you are an SPR:

Property Ownership ABSD Rate ABSD Amount from Price $1,140,000
If Riverbank @ Fernvale is your first property 5% $57,000
If Riverbank @ Fernvale is your second or subsequent residential property 15% $171,000

ABSD for Foreigners when Buying Riverbank @ Fernvale

Here’s the ABSD amount you are required to pay if you are a foreigner:

Property Ownership ABSD Rate ABSD Amount from Price $1,140,000
Foreigners buying any property 20% $228,000

VIP Service for Buyers at $0 Agent Fees

Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.

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