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Riverfront Residences: Waterway viewpoints and also upcoming renewal

Jacob Arndell, October 7, 2019

SINGAPORE (EDGEPROP) – Located on Hougang Method 7, Riverfront Residences has been generating a buzz among HDB upgraders around. Up until the launch of Riverfront Residences in mid-2018, there has been no brand-new launch of a private condo in the location for greater than 3 years.

Read more: Riverfront Residences showflat

Riverfront Residences has a total of 1,472 systems, comprising nine 17-storey blocks of one- to five-bedroom condos, 21 strata landed residences and also six strata outlets. 4- and five-bedroom superior units at the venture included exclusive airlift accessibility.

The job occupies the web site of the past Rio Casa, a 286-unit privatised HUDC estate. The site was actually obtained en bloc by Oxley Holdings and its own joint-venture companions KSH Holdings, SLB Development (listed residential or commercial property progression upper arm of Lian Beng Group) and Apricot Resources (assets upper arm of the Teo family of Super Team). The purchase price of Rio Casa in Might 2017 was actually $783 thousand, turning in to a land price of $706 psf per plot ratio. This included the differential premium and also lease top-up costs.

” The existing growths along Hougang Pathway 7 end ten years outdated. Riverfront Residences with its contemporary glass window curtain wall structure façade will change the streetscape of this particular street as well as administer a brand-new lease of everyday life and also vibrancy,” states Oxley.

Facilities to match every lifestyle

As the Oxley-led consortium had actually bought the internet site prior to land prices ran up, it manages to price units at Riverfront Residences well. Based Upon URA Realis data, 1,200 systems have been released for sale since end-June. One of these, 1,052 systems have actually been actually offered. In the month of June, typical psf price achieved at the job was at $1,307. According to Oxley, prices of some devices still start at much more than $1,100 psf.

With its own site in the vicinity of the HDB properties in Hougang, Upper Serangoon Sight, Punggol and Sengkang, Oxley claims the bulk of purchasers are actually HDB upgraders.

“It is actually the all natural strategy that Riverfront Residences possesses [whether it’s] price, locations, style or area. They all add up nicely, making the buying selection a simple one,” states Oxley.

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