SINGAPORE (EDGEPROP) – Found on Hougang Pathway 7, Riverfront Residences has actually been actually producing a talk one of HDB upgraders around. Until the launch of Riverfront Residences in mid-2018, there has actually been actually no brand new launch of a private apartment in the place for much more than 3 years.
Our listed website: Riverfront Residences showflat
Riverfront Residences possesses an overall of 1,472 units, comprising nine 17-storey blocks of one- to five-bedroom apartment or condos, 21 strata landed residences as well as 6 strata stores. Four- and five-bedroom superior systems at the project possessed exclusive airlift gain access to.
The project fills the website of the previous Rio Casa, a 286-unit privatised HUDC estate. The web site was purchased en bloc by Oxley Holdings and also its own joint-venture partners KSH Holdings, SLB Development (noted home advancement arm of Lian Beng Group) and Orange Financing (expenditure arm of the Teo family of Super Team). The investment cost of Rio Casa in Might 2017 was $783 thousand, turning into a property cost of $706 psf per plot ratio. This consisted of the differential superior as well as lease top-up superior.
” The existing progressions along Hougang Opportunity 7 end 10 years old. Riverfront Residences along with its modern glass curtain wall appearance will certainly alter the streetscape of this particular roadway and administer a brand-new lease of everyday life and also vibrancy,” states Oxley.
Facilities to match every lifestyle
As the Oxley-led consortium had obtained the internet site prior to land rates raised, it manages to price systems at Riverfront Residences competitively. Based on URA Realis records, 1,200 systems have been actually released available as of end-June. Among these, 1,052 devices have actually been actually marketed. In the month of June, typical psf price achieved at the project went to $1,307. According to Oxley, rates of some devices still start at more than $1,100 psf.
Along with its location at the HDB estates in Hougang, Upper Serangoon View, Punggol and Sengkang, Oxley states the majority of buyers are HDB upgraders.
“It is actually the alternative method that Riverfront Residences has [whether it is actually] cost, centers, design or site. They all accumulate well, bring in the getting selection a quick and easy one,” claims Oxley.