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Rivercove Residences and Executive Condominium in Singapore

Rivercove Residences and Executive Condominium in Singapore

Executive Condominium in Singapore

Executive Condominium is a housing system in Singapore. This type of housing was introduced in Singapore in 1999 as a hybrid of private and public housing. They are almost similar to private condos because they are normally within a gated compound with an installed security system, amenities such as clubhouses, swimming pools and playing grounds. In terms of amenities and facilities, an executive condominium is similar to a private condominium.

In Singapore real estate, these houses are mostly developed by private developers before being sold. For example, the next executive condominium to be launched, Rivercove Residences, is developed by a reputable developer Hoi Hup. Buying an executive condominium in Singapore is cheaper than buying a private home because these private condos are built in land that has been subsidized by the government. This therefore means that before a private developer builds a private condominium in Singapore, certain regulations and codes must be followed before being given an approval by relevant authorities.

Executive condominiums were introduced in Singapore to make it easy for middle income earners to buy a home. People such as young professionals and graduates who could not afford a private home could now find it affordable to buy an executive condominium.

For instance, the main regulation states that the person buying an executive condominium should not have an income exceeding $14,000. In 2015 this figure stood at $12,000 but it was later raised to $14,000.

Another regulation surrounding sale and buying of executive condominiums in Singapore, there is usually an occupancy period of 5 years minimum when it comes to direct purchases from a proprietor or developer. During this time, the executive condominium cannot be sold rented or sold out whole.

After 5 years have elapsed, only residents or citizens of Singapore are allowed to buy the executive condominium. Foreigners can only buy such executive condominiums after ten years have passed.

Executive condominium is a successful and affordable housing which comes with quality facilities and finishes matching private condominiums. It’s also cheap to maintain these houses. The only fees owners pay for maintenance is for car park purposes only. Every owner is entitled to a single car parking space only.

Executive condominiums in Singapore are a housing structure that has enabled many middle income earners to find a comfortable and affordable place to call home. For all the executive condominium launch, the developer will have a showflat. Rivercove Residences showflat will be open for viewing before the booking of the unit. Upon checking up the Rivercove Residences pricing, buyers are advised to check with the banker on the loan amount.The regulations surrounding these houses have made it easy for anyone to buy and own a home.

Everyone wants to own a home and if you are a middle income earner in Singapore looking for a house, the best option would be to go for executive condominiums.

City Suites

City Suites is a new freehold 1 block of 17 storey of residential apartment at 235 Balestier Road, Singapore District 12. Comprises of 1 bedrooms and 1+1 penthouse, City Suites provide an ideal home for those individual as well as investors who are looking for own stay. TOP expected to be in 2017.

Standing high at 17 storey high, CIty Suites provides residents with a nice city skyline. Coupled with condo faciliites like gym, swimming poola and jacuzzi, come back home feeling recharge and relive yourself from work stress. Invite your friends over for the quality time together.

City Suites

City Suites bring out the best heritage flavours of Balestier with famous local gourmet, shopping malls, lightings shops, renovation shops all within vicinity. When join together, this development brings out the wonders of having both dining and retail indulgences in a private enclave.

Live the way you want or simply enjoy the excitement of city living as you live away from the hustle and bustle of the city. Your home boasts top quality finishes and electrical appliances as developer spend great details to touch up your home to ensure the top quality is in place. Much meticulous attention is paid to every details to ensure the comfort and luxury living for every residents.

Head for the cool waters at the lap pool or work out in the gym. Let the condo facilities energize and recharge you to a brand new day. Step into your abode with well designed and spacious living room and well equipped kitchen. This is where you be yourself, where you truly belong.

Former Site at 235 Balestier Road

SingXpress has successful enbloc Waldorf Mansions at 235 Balestier Road, Singapore 329699 at $21,000,000. The former developer Waldorf Mansions has 16 units and sitting on site area of about 11,384sf

City Suites Location

City Suites is located at 235, Balestier Road in District 12, Singapore. With minutes away from Orchard shopping belts, Marina Bay, Novena Square, you are never far from where you choose to be. Be spoilt for dining options with numerous hawker centres, restaurants and traditional pastries all within walking distance.

Explore the tranquility of reserovoirs and parks which is just a short distance away. Nearby medical faciliites, country club and reputable school all within vicinity.

Location Map

City Suites Location Map

Nearby Attractions @ City Suites
City Suites Nearby Transportation

Reputable Education Institutions

Other Amenities

Farrer Park MRT
Central Expressway (CTE)
Pan Island Expressway (PIE)
Novena MRT
Book Keng MRT Station

Global Indian International School
Farrer Park Primary School
Raffles Place
San Yu Adventist School
Curtin University of Technology
Tan Toch Seng Hospital
Balestier Hill Primary School
Hong Wen School
St. Joseph Institutional International

Suntec City
Balestier Plaza
Square 2
Zhong Shan Park
Novena Medical Hub
Novena Square
Marina Bay Sands Integrated Resorts

City Suites Floor Plans

City Suites stands 17 floors high with unit mix that include: 1 bedroom units and 1+ 1 penthouses. Each unit is high ceiling at 3.6 meter. With total of only 56 units in this development, only 56 home owners can call this a home.

City Suites Site Plan

Top 10 Reasons Why Buy City Suites,

Fully furnished interiors
High ceilings
Well equipped kitchen area
Near to medical facilities
Good rental yield
Near to numerous famous local gourmet
Near Orchard Shoppng Belts
Near malls and party hubs
Marble flooring
Numerous local gourmet within vicinity

City Suites Project Details
Project Name: City Suites
Developer: Corporate Residence Pte Ltd
Description: Freehold apartment with facilities at 235 Balestier Road
Address: 235, Balestier Road, Singapore 329699
District: 12
Total Units: 56
Tenure: Freehold
Expected TOP: 2017
Unit Mix: 1 bedroom units
1+ 1 penthouses