Rivercove Residences

The ground under it was tendered in 2016. Both ends of that are public; nobody puts them together.

The land under Rivercove Residences

HDB put this parcel out to tender and names Rivercove Residences as what was built on it. Everything below is from that tender: the dates, the winning price, and the 16 bids that came in.

  1. Tender launched29 Jun 2016
  2. Tender closed23 Aug 201616 bids received
  3. Awarded5 Sep 2016Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd
  4. Winning tenderS$240,950,000S$3,822 per sq m of gross floor area · S$355 per sq ft
Parcel
Sengkang E20 Anchorvale Lane
Site area
21,015 sq m
Lease
99 yrs
Plot ratio
3
Gross floor area
63,044 sq m
Sold as
EC
Every bid — all 16, as HDB published them
Ranked by amount. The gap column is each bid measured against the winning one — subtraction, not a judgement about whether anyone bid well.
#TendererBidBehind the winner
1Hoi Hup Realty Pte Ltd and Sunway Developments Pte LtdS$240,950,000—
2Wee Hur Development Pte LtdS$235,000,000S$5,950,000 · 2.5%
3Allgreen Properties LimitedS$226,900,000S$14,050,000 · 5.8%
4Sing Holdings Limited and Maxdin Pte LtdS$226,300,000S$14,650,000 · 6.1%
5Kheng Leong Company (Private) Limited and Singland Homes Pte. Ltd.S$225,100,000S$15,850,000 · 6.6%
6Sim Lian Land Pte LtdS$223,000,000S$17,950,000 · 7.4%
7Qingjian Realty (Residential) Pte. Ltd.S$220,100,000S$20,850,000 · 8.7%
8Treasure View Pte Ltd and Raimon Land Development (S) Pte LtdS$214,800,000S$26,150,000 · 10.9%
9China Construction (South Pacific) Development Co. Pte. Ltd.S$212,402,883S$28,547,117 · 11.8%
10Nanshan Group Singapore Co. Pte. Ltd.S$208,331,363S$32,618,637 · 13.5%
11Greatview Investment Pte LtdS$200,780,000S$40,170,000 · 16.7%
12Soilbuild Group Holdings LtdS$196,228,000S$44,722,000 · 18.6%
13CEL Real Estate Development Pte LtdS$192,100,000S$48,850,000 · 20.3%
14Development 88 Pte. Ltd.S$184,590,888S$56,359,112 · 23.4%
15TTH Development Pte Ltd and KH Capital Pte LtdS$183,901,539S$57,048,461 · 23.7%
16Bellevue Properties Pte. Ltd.S$176,000,000S$64,950,000 · 27.0%

What the land cost and what a unit sells for are not two ends of one sum. Between them sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold units. None of those is published for a named project, so this site does not estimate a developer’s cost or margin and no figure here should be read as one.

Source: HDB — Sites Sold by HDB · tender awarded 5 Sep 2016 · transcribed from HDB’s published tables on 2026-08-31 · prices are nominal and are not adjusted for inflation. HDB names the development on this row as “Rivercove Residences”. This parcel, from tender to today · Every land sale

What has been filed there since

2016 · the groundS$240,950,000S$355 per sq ft of gross floor area
Today · the homes on it$1,628median of 131 filed transactions, 2021-09 to 2026-09

Those two are not the same square foot. Gross floor area includes what nobody buys — the corridors, the car park, the plant rooms — so the land rate is spread across more area than a unit is sold by. The ratio is arithmetic on two published figures and is not a return, a profit, or an appreciation.

Year by year, every size at this address

Every size that sold, which is why it moves when the mix of sizes moves and not only when prices do — no single size band here has enough years to stand on its own yet. Counts in brackets; a year with fewer than 3 filed sales is kept and marked rather than dropped, because a reader can discount a thin year and cannot discount one that was silently removed.
YearMedian psfAgainst the year before
2021$1,190 (2)—
2022$1,189 (1)-0.1%
2023$1,226 (1)+3.1%
2024$1,245 (2)+1.5%
2025$1,618 (45)+30.0%
2026$1,641 (80)+1.4%

The two ends of this page are not two ends of one sum. Between the tender and the first unit sold sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold stock. None of those is published for a named project, so nothing here estimates a developer’s cost or margin and no figure on this page should be read as one. Why that is refused.

The rest of it