SINGAPORE (EDGEPROP) – Located on Hougang Avenue 7, Riverfront Residences has actually been actually producing a news among HDB upgraders around. Up until the launch of Riverfront Residences in mid-2018, there has been actually no brand new launch of an exclusive apartment in the area for more than 3 years.
Proposed: Riverfront Residences showflat
Riverfront Residences possesses an overall of 1,472 devices, making up 9 17-storey blocks of one- to five-bedroom houses, 21 strata landed properties and also 6 strata stores. 4- and five-bedroom costs units at the task featured private lift access.
The project utilizes the website of the former Rio Casa, a 286-unit privatised HUDC estate. The website was purchased en bloc through Oxley Holdings and also its joint-venture partners KSH Holdings, SLB Development (provided property growth upper arm of Lian Beng Group) and Orange Funds (financial investment arm of the Teo family members of Super Group). The purchase price of Rio Casa in May 2017 was actually $783 million, turning in to a property cost of $706 psf every area ratio. This included the differential superior as well as lease top-up costs.
” The existing advancements along Hougang Method 7 are over 10 years old. Riverfront Residences along with its modern glass curtain wall surface disguise will certainly change the streetscape of the roadway and also infuse a brand-new lease of everyday life and vibrancy,” says Oxley.
Facilities to match every lifestyle
As the Oxley-led consortium had actually bought the internet site prior to land prices raised, it manages to cost units at Riverfront Residences competitively. Based Upon URA Realis information, 1,200 devices have been introduced offer for sale as of end-June. One of these, 1,052 units have actually been sold. In the month of June, ordinary psf rate attained at the venture went to $1,307. Depending on to Oxley, costs of some devices still begin at greater than $1,100 psf.
With its area almost the HDB estates in Hougang, Upper Serangoon Perspective, Punggol as well as Sengkang, Oxley points out the majority of shoppers are HDB upgraders.
“It is actually the comprehensive method that Riverfront Residences possesses [whether it is actually] rate, facilities, format or even location. They all accumulate nicely, creating the getting selection a quick and easy one,” states Oxley.