Riverfront Residences: Stream views as well as upcoming rejuvenation

SINGAPORE (EDGEPROP) – Found on Hougang Pathway 7, Riverfront Residences has actually been producing a talk among HDB upgraders in the vicinity. Till the launch of Riverfront Residences in mid-2018, there has been actually no brand new launch of a personal condo unit in the region for more than 3 years.

Must read: Riverfront Residences

Riverfront Residences has a total of 1,472 units, making up nine 17-storey blocks of one- to five-bedroom flats, 21 strata landed residences and also 6 strata shops. Four- and five-bedroom superior systems at the project included personal lift access.

The venture occupies the website of the former Rio Casa, a 286-unit privatised HUDC estate. The site was actually obtained en bloc through Oxley Holdings and also its joint-venture companions KSH Holdings, SLB Progression (provided residential or commercial property growth upper arm of Lian Beng Team) and also Orange Resources (financial investment arm of the Teo loved ones of Super Team). The acquisition cost of Rio Casa in Might 2017 was $783 million, equating right into a property fee of $706 psf every area ratio. This consisted of the differential superior as well as lease top-up fee.

” The existing progressions along Hougang Opportunity 7 end one decade outdated. Riverfront Residences along with its present day glass drape wall surface appearance will certainly transform the streetscape of the street and administer a new lease of lifespan as well as vibrancy,” says Oxley.

Facilities to match every lifestyle

As the Oxley-led consortium had obtained the web site just before property prices added, it is able to cost devices at Riverfront Residences competitively. Based on URA Realis data, 1,200 systems have actually been actually introduced offer for sale as of end-June. Among these, 1,052 devices have actually been sold. In the month of June, normal psf rate accomplished at the project was at $1,307. Depending on to Oxley, costs of some devices still begin at more than $1,100 psf.

With its location in the vicinity of the HDB real estates in Hougang, Upper Serangoon Viewpoint, Punggol as well as Sengkang, Oxley claims the majority of purchasers are actually HDB upgraders.

“It is the all natural approach that Riverfront Residences has [whether it is actually] rate, facilities, design or area. They all accumulate perfectly, making the getting decision a very easy one,” points out Oxley.