Riverfront Residences: Waterway views and also upcoming revitalization

SINGAPORE (EDGEPROP) – Situated on Hougang Opportunity 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 actually been no brand new launch of an exclusive condominium in the location for more than 3 years.

Proposed: Riverfront Residences location

Riverfront Residences possesses an overall of 1,472 units, comprising 9 17-storey blocks of one- to five-bedroom apartments, 21 strata landed residences and six strata outlets. Four- and also five-bedroom superior units at the task featured exclusive lift accessibility.

The project occupies the website of the past Rio Casa, a 286-unit privatised HUDC estate. The web site was acquired en bloc through Oxley Holdings and also its own joint-venture partners KSH Holdings, SLB Advancement (detailed building advancement upper arm of Lian Beng Group) as well as Orange Financing (expenditure arm of the Teo loved ones of Super Group). The investment cost of Rio Casa in May 2017 was actually $783 million, turning into a property cost of $706 psf every lot proportion. This consisted of the differential superior as well as lease top-up costs.

” The existing growths along Hougang Avenue 7 end one decade old. Riverfront Residences with its own present day glass window curtain wall façade will definitely alter the streetscape of this particular roadway as well as inject a new lease of daily life and also vibrancy,” points out Oxley.

Facilities to match every lifestyle

As the Oxley-led consortium had actually acquired the site prior to land prices added, it manages to cost systems at Riverfront Residences well. Based Upon URA Realis information, 1,200 units have actually been launched offer for sale as of end-June. Amongst these, 1,052 units have been actually offered. In the month of June, normal psf rate achieved at the task was at $1,307. Depending on to Oxley, prices of some devices still start at greater than $1,100 psf.

With its area almost the HDB estates in Hougang, Upper Serangoon Scenery, Punggol and also Sengkang, Oxley says the bulk of shoppers are actually HDB upgraders.

“It is the all natural method that Riverfront Residences possesses [whether it’s] price, locations, format or even site. They all add up well, creating the purchasing selection an effortless one,” mentions Oxley.

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