SINGAPORE (EDGEPROP) – Situated on Hougang Method 7, Riverfront Residences has actually been actually creating a buzz amongst HDB upgraders in the vicinity. Up until the launch of Riverfront Residences in mid-2018, there has been actually no brand-new launch of a personal condominium in the place for more than 3 years.
Endorse it: Riverfront Residences showflat
Riverfront Residences has an overall of 1,472 units, making up 9 17-storey blocks of one- to five-bedroom houses, 21 strata landed residences and also 6 strata shops. 4- and also five-bedroom costs units at the project featured personal lift accessibility.
The project fills the site of the former Rio Casa, a 286-unit privatised HUDC real estate. The web site was bought en bloc by Oxley Holdings and also its own joint-venture partners KSH Holdings, SLB Advancement (noted building progression arm of Lian Beng Group) and also Orange Funding (assets upper arm of the Teo family of Super Group). The purchase cost of Rio Casa in May 2017 was actually $783 thousand, translating right into a land rate of $706 psf every lot ratio. This consisted of the differential costs and lease top-up costs.
” The existing progressions along Hougang Opportunity 7 are over 10 years outdated. Riverfront Residences with its own modern glass curtain wall disguise will definitely alter the streetscape of this particular road and administer a new lease of lifespan and vibrancy,” states Oxley.
Facilities to match every way of life
As the Oxley-led range had purchased the internet site prior to property costs ran up, it has the ability to cost units at Riverfront Residences well. Based Upon URA Realis data, 1,200 units have actually been actually released available since end-June. Amongst these, 1,052 units have actually been sold. In the month of June, ordinary psf cost obtained at the job went to $1,307. According to Oxley, prices of some devices still start at much more than $1,100 psf.
With its site almost the HDB estates in Hougang, Upper Serangoon Sight, Punggol as well as Sengkang, Oxley mentions the bulk of purchasers are actually HDB upgraders.
“It is actually the comprehensive technique that Riverfront Residences has [whether it is actually] cost, resources, format or even location. They all build up perfectly, making the getting selection an effortless one,” claims Oxley.