Anchorvale Lane EC | Anchorvale Lane EC by Hoi Hup Realty
Anchorvale Lane EC is a brand new EC situated in Anchorvale Lane, Sengkang of District 19. The large 226,000 square feet land is expected to house 635 residential units with communal facilities and parking space for residents. To be jointly developed by Hoi Hup Realty and Sunway Developments, the new Anchorvale lane EC is poised to attract home buyers with its unique location.
The land parcel attracted a whopping 16 bidders to cast a bid, it is the highest number since the tender for a Yuan Ching Road site, now Lake Life, in July 2013. The emerging winner submitted the top bid of $240.95 million or $355 per square foot per plot ratio (psf ppr). Taking into consideration construction and other miscellaneous cost, the Anchorvale Lane EC price is expected to be starting from approximately $720k to $750k.
Industry experts see the competitive bidding as a fairly optimistic outlook on the EC market. The number of unsold EC units dropped from 6520 in the 1st quarter of 2016 to 5471 at the end of June. Additionally, the exceptional performance of the other 3 nearby projects might also be the main factor enticing tenderer to cast their bids. With Treasure Crest selling 72% of their units on its launch weekend, Bellewaters EC 99% sold and The Vales EC 71% sold as at September 2016, it is noticeable that demand is still considerably strong in the area.
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Why Anchorvale Lane EC?
- Excellent Connectivity – Anchorvale Lane EC location is close to major expressways such as Tampines Expressway(TPE), Seletar Expressway(SLE) and Central Expressway(CTE) to serve drivers, Layar LRT station and Tongkang LRT station within walking distance, public Bus No. 50, 163 and 592 to serve residents, you are spoilt for choices in terms of transportation.
- Abudance of Amenities & Facilities -With the constant development to the North-East region of Singapore, the lifestyle of residents are only getting more convenient with malls such as Compass Point, Rivervale Mall, Rivervale Plaza, the new Seletar mall and Punggol Waterway point are all within close proximity. On top of that, Anchorvale Lane EC is also near to Sengkang Riverside Park, Sengkang Sculpture Park, Sengkang Sports and Recreation Center, Anchorvale Community Club, the upcoming Sengkang General and Community Hospital.
- Layout – With reference to hoi Hup Realty’s past project launches, we can expect the practicality to be presented in Anchovale Lane EC floor plan. From a small family startup to multi generations, there will definitely be a suitable unit for everyone!
- Renowned developer – Anchovale Lane EC Hoi Hup Realty is a dynamic property developer established since 1983. Some of their previous sell-out projects include The Foresta @ Mount Faber, Emerald East, Sea Esta, Kovan Regency, Questa @ Dunman, Shelford 23, The Ford@Holland, Suites@Cairnhill and Waterford Residences which are all very well received by the market. Special mention also to deRoyale being awarded the Best Buildable Design Award 2007 Merit. Buyers can definitely have a piece of mind with their products!
- Investment potential – With a whole range of developments going on since more than 10 years ago from medical facilities such as the Sengkang Community Hospital and the increasing number of private condo nearby such as Riverbank at Fernvale, it is evident that our government and developers are confident of the growth in the North-East region. Anchorvale Lane EC TOP date is expected to be around year 2020, just in time to be part of the evolution in the region where owners can also tap onto the future rental potential in the nearby Seletar Aerospace.
- Educational Institutes – Within close proximity to Anchorvale Lane EC will be Compassvale Primary School, Springdale Primary School, Nan Chiau Primary School, Punggol Green Primary School, Anchor Green Primary School, Seng Kang Primary School, Rivervale Primary School, North Spring Primary School, Palm View Primary School, North Vista Primary School, Mee Toh School, Edgefield Primary School, Punggol View Primary School, Compassvale Secondary School, Nan Chiau High School, Edgefield Secondary School, CHIJ Saint Joseph’s Convent, Seng Kang Secondary School, Punggol Secondary School, Greendale Secondary School, Serangoon Junior College and Nanyang Polytechnic (NYP).
- Extensive Facilities – Anchorvale Lane EC residents will get to enjoy a full fledged gym, 50m lap pool, bbq pit, function room, clubhouse etc.