bicycle-sharing facility at RiverbankSingapore Riverbank atĀ Fernvale is set to launched a first-of-its-kind bicycle-sharing facility, allowing its residents to enjoy biking on short commutes or around the estate for free.

The scheme of bicycle-sharing facility will benefit residents of Riverbank at Fernvale, a new condominium by UOL Group Limited, located at Sengkang West Way Singapore and due to be completed by 2017.

Residents of Riverbank can enjoy biking at North Eastern Riverine Loop, which connect several parks of the area and runs through the heartlands of Buangkok, Sengkang and Punggol. The initial cost for this newest bicycle-sharing facility is around $80,000.

According to UOL Group, developer of 555 condo units, Riverbank will provide a bunch of 50 bicycles which can be use and shared by its residents, bicycle racks are also supplied for residents who have their own bicycles.