November 29, 2023

SINGAPORE (EDGEPROP) – Situated on Hougang Opportunity 7, Riverfront Residences has actually been developing a buzz one of HDB upgraders in the vicinity. Until the launch of Riverfront Residences in mid-2018, there has actually been actually no brand-new launch of a personal condo unit in the location for more than three years.

Advancement: Riverfront Residences

Riverfront Residences possesses a total amount of 1,472 systems, comprising nine 17-storey blocks of one- to five-bedroom houses, 21 strata landed residences and 6 strata outlets. 4- as well as five-bedroom costs devices at the project featured exclusive airlift get access to.

The venture utilizes the internet site of the former Rio Casa, a 286-unit privatised HUDC estate. The website was bought en bloc by Oxley Holdings as well as its own joint-venture companions KSH Holdings, SLB Development (provided home progression arm of Lian Beng Group) and Orange Funding (expenditure upper arm of the Teo household of Super Team). The purchase rate of Rio Casa in Might 2017 was actually $783 thousand, equating in to a land rate of $706 psf every plot proportion. This included the differential costs and lease top-up superior.

” The existing advancements along Hougang Avenue 7 end 10 years outdated. Riverfront Residences along with its present day glass drape wall disguise will definitely transform the streetscape of this road and also infuse a brand new lease of life and also vibrancy,” claims Oxley.

Facilities to match every way of life

As the Oxley-led range had actually acquired the site before property rates added, it has the capacity to price units at Riverfront Residences competitively. Based Upon URA Realis information, 1,200 systems have actually been launched available since end-June. Amongst these, 1,052 devices have been actually marketed. In the month of June, normal psf cost attained at the project was at $1,307. Depending on to Oxley, rates of some systems still begin at much more than $1,100 psf.

Along with its site almost the HDB real estates in Hougang, Upper Serangoon View, Punggol and also Sengkang, Oxley mentions the bulk of purchasers are HDB upgraders.

“It is actually the holistic approach that Riverfront Residences has [whether it is actually] cost, centers, design or area. They all add up perfectly, bring in the buying decision an easy one,” says Oxley.