SINGAPORE (EDGEPROP) – Located on Hougang Opportunity 7, Riverfront Residences has actually been actually generating a buzz amongst HDB upgraders in the vicinity. Until the launch of Riverfront Residences in mid-2018, there has actually been no new launch of a personal condominium in the place for greater than 3 years.
Our website: Riverfront Residences location
Riverfront Residences has a total amount of 1,472 units, comprising 9 17-storey blocks of one- to five-bedroom condos, 21 strata landed houses as well as 6 strata shops. 4- and also five-bedroom fee devices at the task featured exclusive lift access.
The project fills the site of the previous Rio Casa, a 286-unit privatised HUDC real estate. The internet site was actually purchased en bloc through Oxley Holdings and its joint-venture companions KSH Holdings, SLB Development (specified residential or commercial property growth upper arm of Lian Beng Group) as well as Orange Funding (expenditure upper arm of the Teo family members of Super Team). The acquisition rate of Rio Casa in Might 2017 was actually $783 million, translating in to a property rate of $706 psf every area ratio. This featured the differential superior and also lease top-up superior.
” The existing growths along Hougang Method 7 end one decade outdated. Riverfront Residences along with its own modern glass drape wall disguise are going to change the streetscape of the roadway and administer a new lease of lifespan and vibrancy,” points out Oxley.
Facilities to match every lifestyle
As the Oxley-led consortium had bought the web site just before property costs ran up, it is able to cost devices at Riverfront Residences well. Based Upon URA Realis records, 1,200 units have been launched for sale as of end-June. One of these, 1,052 units have actually been sold. In the month of June, normal psf rate achieved at the venture went to $1,307. According to Oxley, rates of some units still start at greater than $1,100 psf.
With its own area in the vicinity of the HDB real estates in Hougang, Upper Serangoon Scenery, Punggol and also Sengkang, Oxley says the bulk of buyers are actually HDB upgraders.
“It is actually the alternative approach that Riverfront Residences possesses [whether it is actually] rate, centers, format or even area. They all build up nicely, making the purchasing selection an easy one,” points out Oxley.