SINGAPORE (EDGEPROP) – Located on Hougang Method 7, Riverfront Residences has actually been actually creating a hype one of HDB upgraders around. Till the launch of Riverfront Residences in mid-2018, there has been actually no brand new launch of a private condo in the location for more than three years.
Our listed website: Riverfront Residences showflat
Riverfront Residences possesses an overall of 1,472 units, making up nine 17-storey blocks of one- to five-bedroom apartment or condos, 21 strata landed residences and also 6 strata stores. Four- and five-bedroom fee units at the project featured personal airlift get access to.
The task occupies the internet site of the former Rio Casa, a 286-unit privatised HUDC property. The internet site was actually acquired en bloc through Oxley Holdings and its own joint-venture companions KSH Holdings, SLB Development (listed building development arm of Lian Beng Team) and also Orange Funding (investment arm of the Teo family members of Super Group). The purchase cost of Rio Casa in May 2017 was $783 million, turning right into a property price of $706 psf every plot proportion. This included the differential superior and lease top-up costs.
” The existing advancements along Hougang Method 7 end one decade old. Riverfront Residences with its own contemporary glass window curtain wall disguise will definitely change the streetscape of this street and also inject a brand new lease of lifespan as well as vibrancy,” states Oxley.
Facilities to match every way of living
As the Oxley-led range had actually acquired the web site prior to property prices ran up, it is able to price units at Riverfront Residences competitively. Based Upon URA Realis records, 1,200 devices have actually been actually released for sale since end-June. Amongst these, 1,052 devices have been actually marketed. In the month of June, typical psf rate achieved at the task was at $1,307. According to Oxley, prices of some units still begin at more than $1,100 psf.
Along with its own area in the vicinity of the HDB estates in Hougang, Upper Serangoon Scenery, Punggol as well as Sengkang, Oxley mentions the mass of shoppers are HDB upgraders.
“It is actually the comprehensive strategy that Riverfront Residences has [whether it’s] cost, centers, design or site. They all build up perfectly, bring in the acquiring choice a very easy one,” says Oxley.