Riverfront Residences: Waterway views and upcoming rejuvenation

SINGAPORE (EDGEPROP) – Located on Hougang Opportunity 7, Riverfront Residences has actually been creating a hype amongst HDB upgraders around. Until the launch of Riverfront Residences in mid-2018, there has actually been actually no new launch of an exclusive condo in the region for much more than three years.

Put forward: Riverfront Residences floor plan

Riverfront Residences possesses an overall of 1,472 devices, consisting of nine 17-storey blocks of one- to five-bedroom apartments, 21 strata landed homes as well as six strata stores. Four- and also five-bedroom premium systems at the task featured private lift accessibility.

The project fills the website of the previous Rio Casa, a 286-unit privatised HUDC estate. The internet site was actually obtained en bloc through Oxley Holdings and its own joint-venture partners KSH Holdings, SLB Growth (detailed home progression upper arm of Lian Beng Group) and Orange Funding (expenditure arm of the Teo family of Super Group). The purchase price of Rio Casa in Might 2017 was actually $783 thousand, equating into a land price of $706 psf per piece ratio. This consisted of the differential costs and lease top-up fee.

” The existing advancements along Hougang Avenue 7 end ten years outdated. Riverfront Residences along with its own modern glass drape wall structure appearance will change the streetscape of this particular road and also infuse a new lease of lifespan as well as vibrancy,” points out Oxley.

Facilities to match every lifestyle

As the Oxley-led range had obtained the website prior to property costs added, it is able to cost devices at Riverfront Residences well. Based on URA Realis information, 1,200 units have been released available for sale as of end-June. Among these, 1,052 units have been marketed. In the month of June, typical psf price obtained at the job went to $1,307. According to Oxley, costs of some devices still start at much more than $1,100 psf.

Along with its own place almost the HDB estates in Hougang, Upper Serangoon Scenery, Punggol and Sengkang, Oxley states the bulk of customers are HDB upgraders.

“It is the all natural method that Riverfront Residences has [whether it’s] rate, resources, format or site. They all accumulate nicely, making the buying choice a quick and easy one,” mentions Oxley.