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Riverfront Residences: Stream Scenery as Well as Upcoming Renewal

Angus Claxton, October 7, 2019

SINGAPORE (EDGEPROP) – Found on Hougang Avenue 7, Riverfront Residences has actually been actually making a news one of HDB upgraders around. Up until the launch of Riverfront Residences in mid-2018, there has actually been actually no new launch of a private condominium in the region for much more than three years.

Suggested: Riverfront Residences floor plan

Riverfront Residences possesses a total amount of 1,472 devices, comprising 9 17-storey blocks of one- to five-bedroom apartments, 21 strata landed homes as well as 6 strata outlets. Four- as well as five-bedroom costs devices at the project possessed exclusive airlift get access to.

The venture utilizes the internet site of the past Rio Casa, a 286-unit privatised HUDC estate. The internet site was bought en bloc through Oxley Holdings and its own joint-venture partners KSH Holdings, SLB Advancement (noted property advancement arm of Lian Beng Group) and Apricot Funds (financial investment arm of the Teo family members of Super Team). The acquisition rate of Rio Casa in Might 2017 was $783 thousand, turning in to a land price of $706 psf every area ratio. This included the differential premium and lease top-up costs.

” The existing progressions along Hougang Opportunity 7 more than ten years aged. Riverfront Residences along with its own present day glass drape wall surface appearance will definitely transform the streetscape of this roadway and also inject a new lease of life and also vibrancy,” points out Oxley.

Facilities to match every way of living

As the Oxley-led range had actually acquired the website before property prices added, it is able to price devices at Riverfront Residences competitively. Based Upon URA Realis records, 1,200 devices have actually been actually launched for sale since end-June. Amongst these, 1,052 systems have actually been marketed. In the month of June, average psf price attained at the task was at $1,307. According to Oxley, rates of some units still begin at more than $1,100 psf.

Along with its place at the HDB estates in Hougang, Upper Serangoon View, Punggol and also Sengkang, Oxley states the majority of buyers are actually HDB upgraders.

“It is actually the all natural strategy that Riverfront Residences has [whether it’s] rate, facilities, style or even area. They all accumulate perfectly, creating the acquiring choice a simple one,” says Oxley.

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