Posted by SINGAPORE (EDGEPROP) – Located on Hougang Method 7, Riverfront Residences has been actually creating a buzz one of HDB upgraders in the vicinity. Until the launch of Riverfront Residences in mid-2018, there has been no new launch of a personal condominium in the area for more than 3 years.
Our listed website: Riverfront Residences location
Riverfront Residences has a total amount of 1,472 systems, consisting of nine 17-storey blocks of one- to five-bedroom apartments, 21 strata landed properties and also 6 strata shops. 4- and five-bedroom premium devices at the task featured private lift get access to.
The project fills the site of the past Rio Casa, a 286-unit privatised HUDC real estate. The site was purchased en bloc through Oxley Holdings and its own joint-venture partners KSH Holdings, SLB Progression (noted home progression upper arm of Lian Beng Group) and also Apricot Financing (investment upper arm of the Teo family members of Super Team). The purchase price of Rio Casa in May 2017 was actually $783 million, translating in to a land fee of $706 psf every piece ratio. This included the differential superior and also lease top-up costs.
” The existing developments along Hougang Opportunity 7 end ten years outdated. Riverfront Residences along with its modern-day glass window curtain wall structure façade will definitely change the streetscape of the road as well as infuse a brand-new lease of life and vibrancy,” states Oxley.
Facilities to match every way of life
As the Oxley-led consortium had purchased the internet site just before land rates ran up, it has the capacity to rate units at Riverfront Residences competitively. Based Upon URA Realis records, 1,200 units have been actually released offer for sale as of end-June. One of these, 1,052 units have been actually offered. In the month of June, common psf rate achieved at the task went to $1,307. Depending on to Oxley, costs of some devices still begin at more than $1,100 psf.
Along with its place in the vicinity of the HDB real estates in Hougang, Upper Serangoon Scenery, Punggol and also Sengkang, Oxley points out the bulk of shoppers are HDB upgraders.
“It is the holistic strategy that Riverfront Residences has [whether it is actually] cost, locations, style or even site. They all add up beautifully, bring in the getting decision an easy one,” states Oxley.