SINGAPORE (EDGEPROP) – Situated on Hougang Opportunity 7, Riverfront Residences has been actually generating a news amongst HDB upgraders around. Up until the launch of Riverfront Residences in mid-2018, there has been no brand-new launch of a personal apartment in the area for more than three years.
Must read: Riverfront Residences floor plan
Riverfront Residences possesses a total amount of 1,472 devices, making up 9 17-storey blocks of one- to five-bedroom apartment or condos, 21 strata landed homes and 6 strata shops. 4- and five-bedroom fee devices at the project featured exclusive lift get access to.
The project occupies the website of the former Rio Casa, a 286-unit privatised HUDC property. The web site was actually purchased en bloc through Oxley Holdings and also its joint-venture companions KSH Holdings, SLB Progression (detailed residential or commercial property advancement arm of Lian Beng Group) as well as Apricot Funds (assets upper arm of the Teo loved ones of Super Group). The investment price of Rio Casa in Might 2017 was actually $783 thousand, equating in to a land fee of $706 psf per plot proportion. This consisted of the differential superior as well as lease top-up costs.
” The existing developments along Hougang Pathway 7 end ten years old. Riverfront Residences along with its own contemporary glass drape wall structure façade are going to change the streetscape of this road and administer a brand new lease of lifespan and vibrancy,” points out Oxley.
Facilities to match every way of life
As the Oxley-led consortium had acquired the web site before land costs added, it has the ability to price devices at Riverfront Residences competitively. Based Upon URA Realis information, 1,200 devices have been released up for sale as of end-June. Amongst these, 1,052 systems have been sold. In the month of June, normal psf rate achieved at the job went to $1,307. According to Oxley, rates of some systems still start at much more than $1,100 psf.
With its location at the HDB real estates in Hougang, Upper Serangoon View, Punggol as well as Sengkang, Oxley says the mass of shoppers are actually HDB upgraders.
“It is actually the all natural strategy that Riverfront Residences possesses [whether it is actually] cost, locations, design or area. They all build up beautifully, making the getting selection a simple one,” mentions Oxley.