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Riverfront Residences: Waterway sights and upcoming renewal

Taj Landseer, October 7, 2019

SINGAPORE (EDGEPROP) – Located on Hougang Avenue 7, Riverfront Residences has actually been actually making a buzz among HDB upgraders in the vicinity. Up until the launch of Riverfront Residences in mid-2018, there has actually been actually no new launch of an exclusive condo in the place for more than 3 years.

Must watch: Riverfront Residences floor plan

Riverfront Residences has a total amount of 1,472 systems, comprising nine 17-storey blocks of one- to five-bedroom condos, 21 strata landed residences as well as six strata stores. 4- and five-bedroom costs systems at the venture featured personal lift access.

The project fills the website of the past Rio Casa, a 286-unit privatised HUDC estate. The website was acquired en bloc through Oxley Holdings and its own joint-venture partners KSH Holdings, SLB Progression (provided residential or commercial property development upper arm of Lian Beng Team) and Orange Funding (assets upper arm of the Teo household of Super Team). The acquisition rate of Rio Casa in Might 2017 was $783 thousand, equating right into a land price of $706 psf per plot ratio. This consisted of the differential costs and lease top-up superior.

” The existing progressions along Hougang Method 7 end 10 years aged. Riverfront Residences along with its contemporary glass curtain wall surface façade will certainly modify the streetscape of this street as well as inject a brand new lease of lifespan as well as vibrancy,” states Oxley.

Facilities to match every way of living

As the Oxley-led consortium had acquired the internet site prior to land rates ran up, it is able to rate devices at Riverfront Residences well. Based on URA Realis records, 1,200 devices have actually been actually released available since end-June. One of these, 1,052 systems have actually been offered. In the month of June, normal psf cost attained at the project was at $1,307. According to Oxley, prices of some units still begin at greater than $1,100 psf.

Along with its site in the vicinity of the HDB properties in Hougang, Upper Serangoon Sight, Punggol as well as Sengkang, Oxley mentions the mass of buyers are HDB upgraders.

“It is the comprehensive technique that Riverfront Residences possesses [whether it’s] rate, facilities, design or area. They all build up beautifully, making the getting decision a very easy one,” states Oxley.

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