Real Estate Industry in Singapore
Real Estate industry in Singapore had a downward trend a few years back and the realtors are expecting a good business in the future. Since more than 80% of population of Singapore has accommodation in Housing and Development Board (HDB) flats on 99-year lease agreement and a few are in rental flats reserved for those who can’t afford to purchase an economical home, the housing is a vital question for the government. Public housing is a main source of proving accommodation to the Singapore population. In 2005, Housing and Development Board introduced Design, Build and Sell Scheme (DBSS) and constructed flats developed by private realtors but meant for public housing.
How DBSS helped growth of real estates in Singapore?
The designs developed by private sector were efficient and construction was done in matured estates. Hoi Hup Realty Pte Ltd., a renowned real estate developer associated with DBSS scheme is a successful awardee of the projects in Boon Keng, Toa Payoh and Yuan Ching Road (Jurong West), the prominent locations for housing in Singapore and their Rivercove Residences EC by the river side are imminent in the beginning of a coming year. Rivercove Residences EC location has appealed people to buy these new condominium homes.
Benefits of buying Rivercove Residences
Rivercove residences developed by the Hoi Hup Realty group have many advantages. First, rivercove residences ec floor plan has been designed for different family-size and the location is amazing because it has access to all amenities like school, shopping center, main expressways, and commute facilities. Residents will have convenient access to natural surroundings for recreation and cycling. A hybrid of public and private housing, Rivercove EC Residences is a perfect home for those whose incomes exceeds the limit for HDB flats but is below the affordability of a private home. These residences will definitely help many home-seekers to buy a real home within their financial constraint.