SINGAPORE (EDGEPROP) – Found on Hougang Method 7, Riverfront Residences has actually been developing a buzz one of HDB upgraders in the vicinity. Until the launch of Riverfront Residences in mid-2018, there has been actually no brand new launch of a private condo in the area for greater than 3 years.
Proposed: Riverfront Residences
Riverfront Residences possesses a total of 1,472 systems, comprising nine 17-storey blocks of one- to five-bedroom apartment or condos, 21 strata landed homes as well as six strata outlets. 4- and five-bedroom premium devices at the venture come with personal lift gain access to.
The task occupies the internet site of the former Rio Casa, a 286-unit privatised HUDC real estate. The website was obtained en bloc through Oxley Holdings and also its joint-venture partners KSH Holdings, SLB Growth (listed residential or commercial property progression arm of Lian Beng Group) and Apricot Funding (assets arm of the Teo loved ones of Super Team). The purchase price of Rio Casa in May 2017 was $783 thousand, translating in to a land price of $706 psf per area proportion. This featured the differential superior and also lease top-up costs.
” The existing growths along Hougang Method 7 are over one decade aged. Riverfront Residences with its modern-day glass curtain wall appearance will transform the streetscape of the roadway and infuse a new lease of daily life as well as vibrancy,” claims Oxley.
Facilities to match every lifestyle
As the Oxley-led range had actually purchased the web site before property costs added, it has the capacity to rate devices at Riverfront Residences competitively. Based Upon URA Realis data, 1,200 devices have been actually released available since end-June. Among these, 1,052 systems have actually been actually marketed. In the month of June, normal psf rate achieved at the venture was at $1,307. According to Oxley, rates of some units still begin at greater than $1,100 psf.
Along with its area in the vicinity of the HDB estates in Hougang, Upper Serangoon Perspective, Punggol and Sengkang, Oxley points out the bulk of customers are HDB upgraders.
“It is the holistic method that Riverfront Residences possesses [whether it’s] price, facilities, style or location. They all accumulate nicely, bring in the acquiring decision a quick and easy one,” claims Oxley.