Riverfront Residences: River viewpoints as well as upcoming revitalization

SINGAPORE (EDGEPROP) – Found on Hougang Avenue 7, Riverfront Residences has actually been producing a news among HDB upgraders in the vicinity. Until the launch of Riverfront Residences in mid-2018, there has been no brand-new launch of a private condo unit in the location for more than three years.

Recommended: Riverfront Residences floor plan

Riverfront Residences has an overall of 1,472 devices, making up 9 17-storey blocks of one- to five-bedroom condos, 21 strata landed properties as well as 6 strata outlets. Four- and five-bedroom superior units at the venture featured private airlift gain access to.

The job fills the website of the past Rio Casa, a 286-unit privatised HUDC estate. The web site was purchased en bloc by Oxley Holdings and its joint-venture companions KSH Holdings, SLB Progression (listed residential or commercial property growth upper arm of Lian Beng Team) as well as Apricot Funding (investment arm of the Teo family members of Super Team). The acquisition rate of Rio Casa in Might 2017 was actually $783 million, transforming in to a property price of $706 psf per piece ratio. This consisted of the differential superior as well as lease top-up superior.

” The existing growths along Hougang Method 7 more than one decade old. Riverfront Residences along with its own modern glass window curtain wall appearance will definitely transform the streetscape of this particular road as well as inject a brand new lease of everyday life as well as vibrancy,” says Oxley.

Facilities to match every lifestyle

As the Oxley-led consortium had obtained the internet site before property prices raised, it has the capacity to price units at Riverfront Residences competitively. Based on URA Realis information, 1,200 systems have actually been actually launched offer for sale since end-June. Amongst these, 1,052 systems have been marketed. In the month of June, normal psf price achieved at the venture was at $1,307. According to Oxley, rates of some devices still start at more than $1,100 psf.

With its own site almost the HDB real estates in Hougang, Upper Serangoon Perspective, Punggol as well as Sengkang, Oxley states the bulk of buyers are actually HDB upgraders.

“It is actually the all natural method that Riverfront Residences possesses [whether it’s] cost, locations, layout or site. They all accumulate perfectly, creating the buying decision an effortless one,” claims Oxley.