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.
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.
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.