SINGAPORE (EDGEPROP) – Situated on Hougang Pathway 7, Riverfront Residences has been making a hype among HDB upgraders in the vicinity. Until the launch of Riverfront Residences in mid-2018, there has actually been actually no brand new launch of a personal condo in the location for more than three years.
Approved website: Riverfront Residences
Riverfront Residences possesses an overall of 1,472 systems, comprising 9 17-storey blocks of one- to five-bedroom houses, 21 strata landed properties and also 6 strata outlets. Four- as well as five-bedroom superior units at the project possessed personal airlift access.
The job utilizes the web site of the previous Rio Casa, a 286-unit privatised HUDC real estate. The site was actually purchased en bloc by Oxley Holdings and its own joint-venture companions KSH Holdings, SLB Development (provided residential or commercial property development upper arm of Lian Beng Group) and Orange Financing (financial investment upper arm of the Teo loved ones of Super Team). The investment price of Rio Casa in May 2017 was actually $783 thousand, transforming right into a land cost of $706 psf per plot ratio. This consisted of the differential costs and lease top-up costs.
” The existing progressions along Hougang Method 7 end 10 years old. Riverfront Residences with its present day glass curtain wall façade will certainly modify the streetscape of this roadway and infuse a brand new lease of daily life and also vibrancy,” claims Oxley.
Facilities to match every lifestyle
As the Oxley-led consortium had actually acquired the web site before land prices ran up, it has the ability to rate devices at Riverfront Residences competitively. Based on URA Realis data, 1,200 systems have been actually launched available since end-June. One of these, 1,052 systems have been marketed. In the month of June, common psf price obtained at the task was at $1,307. According to Oxley, prices of some systems still start at greater than $1,100 psf.
With its place almost the HDB real estates in Hougang, Upper Serangoon Viewpoint, Punggol and also Sengkang, Oxley states the majority of buyers are actually HDB upgraders.
“It is the comprehensive approach that Riverfront Residences possesses [whether it’s] rate, centers, format or location. They all add up beautifully, creating the acquiring decision an effortless one,” points out Oxley.