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So far Riviere has created 2 blog entries.
14 08, 2019

5 importants things to consider when visiting Riviere showroom

By |2019-08-14T21:54:05+08:00August 14th, 2019|Condo Launch and Preview, News, Press Release for Condos, Real Estate|

Whenever you step into any showrooms, the salesperson will surely tell you that the project is the best of the best and nothing can rival to it. With so many projects currently on sale in the market right now, it may be an uphill task even for a seasoned investor to be fully convinced that “it is the best property or condominium project” to buy right now. But is there a best project to buy?

If you have been visiting showrooms looking to park your money somewhere, or a place to stay for long term, and is feeling exhausted, it may be because you have not studied your own requirements closely enough. Addtionally, if you have a very wide requirement, where there are no specific requirements, and it all “depends” on a project, you may be susceptible to “emotion selling”.

In this article, no matter you are a seasoned investor, or looking for the first time, or looking for a long time with no specific requirements, we will aim to focus on the unique selling points and features of Riviere located in Jiak Kim. By featuring the unique points of this project by Frasers Property, it may help you to making a better and informed property buying decision.

Waterfront Properties

According to Global Waterfront Report by Knight Frank Property, which measures the premium a water property generates in key cities around the world, has shown has unlike in the past, owning a prime waterfront property has less to do with its transport or agricultural value, and far more to do with the lifestyle that it affords and iconic views that comes along with it.

The report has studied and shown that among the 4 waterside types of property (mainly, Harbour, Beach, River, Lake), River facing properties command a 36.8% premium over its counterparts comparatively. Riviere is literally wrapped around the bank of the river, thus having more than a single view of perspective for this project.

Fengshui

Water has also a global appeal, the river flow produces negative ions which boosts energy with research concluding that it has significant health benefits. Especially in Chinese or Asian buyers, water is more than a mood enhancer or view just nice to have. It plays an overly increasing role due to Feng Shui (shui translates to water), and this is one of the foundations in Chinese buyers decision making process.

Water is anonymous with food, growth, prosperity, and fortune. Which are all good things to have. But it is important that this water body be slow-moving. Not rapids-river speed, or stagnant pond of water. Riviere is also elevated above and water, and it also is positioned in a winding section where the pace of flow is slower. Fast moving streams are often avoided in the Feng Shui contect and that may suggest that wealth is rolling away.

Conservation Status of Riviere Facility

When Frasers Property took over the site at Jiak Kim Street, it has it eyes on the three conservation warehouse. With its address being 17, 19 and 21 Jiak Kim Street, it was built since 1919! This gives this triplet warehouse a history and heritage of 10 years! It achieved conservation status in 2014, with its previous owner bring Zouk Nightclub.

Conservation-status buildings in our small city state are by and large rare, and being able to own a part of history and heritage is a rare opportunity. This is not primary but it will only age fine and well, the older It is, then the rarer and more valuable it becomes.

MRT

In the property buying mantra we all know, its location, location, location. However in Singapore where the objective of our Government is to build enough MRT lines and stations such that 80% of our population is within 15 minutes walk, this mantra becomes even more important and pronounced!

What a better way to invest in a property that has an UPCOMING station? Great World City station is currently not open yet. As with historical trends, condominium apartments and projects usually enjoy and appreciation in price when the MRT opens its doors and become functional. This will be the right time to enter Riviere.

Mixed Development (Serviced Apartment)

Mixed development status projects are especially rare in Singapore. Within the prime districts of 3,8,9,10,11, there is only a handful that we can count. Most commons are likely residential-retail for example North Park Residences or Park Centris in Jurong. Riverwalk apartment can also be considered although its pretty old and its shops are specialty shops instread of the run-of-the-mill retail shops.

What is so special about Riviere is that its mixed development status is a partnership with a serviced apartment. WHAT! This is extremely rare, and we will expect this to help elevate the premium and value of Riviere.

The residents of Riviere can also enjoy the services of the Serviced Apartment! It already has confirmed that shared services for the concierge and housekeeping will be extended to the residents of Riviere. It also boasts a very affordable maintenance fees for such a new, big, iconic and beautiful project.

Riviere is now open for private viewing, if you are interested to come for a non-obligatory tour of the showroom, please register via the website or call 63879196 for our sales associates to attend to you.

17 01, 2019

Riviere Condo by Frasers: S$955.4 Million Bid to Secure Land Parcel at Jiak Kim Street

By |2019-02-02T12:44:02+08:00January 17th, 2019|Condo Launch and Preview, News, Press Release for Condos, Real Estate|

The parcel of lands located at Jiak Kim Street as well as the Fourth Avenue tenders was officially closed on 5th Dec Tuesday. In reference to the Urban Redevelopment Authority, the former received a whopping S$955.4 million top bid with the latter getting the highest bid worth S$552.96 million. The Jiak Kim Street land parcel would be developed to the newly announced Riviere Condo by Frasers.

The segment of the land found at Jiak Kim Street which was formerly occupied by Zouk night club attracted a totaling 10 offers from well financial oiled bidders while the prime land sitting at the famous Fourth Avenue was eyed by seven bidders.

These two segments of lands located at Jiak Kim Street as well as the Fourth Avenue were on 19th Oct 2018 as well as 2nd Nov 2018 respectively officially launched for public tender which attracted so many developers eyeing to acquire them for future developments. They were all provided for a 99 years lease sale. Among the bidders was

The prime parcel of land at Jiak Kim Street was successfully acquired by Frasers Centerpoint Limited making it the highest land price ever achieved based on square foot for government land sales at its name would change to Riviere Condo.

All Green Properties emerged as the successful bidder of the lucrative piece of land located at Fourth Avenue. This developer also managed to secure a freehold piece of lands located at Royalville as well as the Crystal Tower. Currently, the developer has set all its eyes on acquiring a site located next to Bukit Timah.

Before tendering the sites located at the Jiak Kim Street as well as the Fourth Avenue, they were listed as the reserve lands by the Government in the Land Sales department which had made them not for sale.

Christine Li, a director of research at a famous real estate firm Cushman and Wakefield, said, there was a rife contest for the prime sites at Jiak Kim Street and the Fourth Avenue, with both locations having a set benchmark price.

The successful bidders are looking forward to the appreciation of the land’s value to almost to ten percent which may see them yield big from their future developments. With this in their minds, they have not missed the ladder since all market players are expecting a significant rise in land prices with over ten percent. If this will come to pass, they will have a big return on the investment.

Tay Huey Ying, who heads research and consultancy at the JLL real estate agency, says, the key aspect is that the local developers should make sure that they are acquiring all the key sites located at the central district and keep off foreigners from such as CSC Land from China as well as Kashings Japura Pte Limited which is a Hong Kong mogul from acquiring sites in these prime areas of Fourth Avenue and Jiak Kim Street.

On 29th September and 31st October, the two sites Jiak Kim Street and the Fourth Avenue sites respectively applications for sales were allowed to go on by the URA.
The tenders are to be awarded to the appropriate bidder once the evaluation process is through.

Riviere Condo by Frasers project details have been since announced on the official site.