SINGAPORE (EDGEPROP) – Found on Hougang Pathway 7, Riverfront Residences has been actually generating a buzz amongst HDB upgraders around. Up until the launch of Riverfront Residences in mid-2018, there has been actually no brand-new launch of an exclusive apartment in the location for greater than 3 years.
Approved website: Riverfront Residences showflat
Riverfront Residences possesses a total amount of 1,472 units, consisting of nine 17-storey blocks of one- to five-bedroom apartment or condos, 21 strata landed properties and also six strata outlets. 4- as well as five-bedroom costs units at the venture included exclusive lift gain access to.
The venture fills the internet site of the past Rio Casa, a 286-unit privatised HUDC estate. The website was actually bought en bloc by Oxley Holdings and also its own joint-venture partners KSH Holdings, SLB Advancement (specified residential or commercial property progression arm of Lian Beng Group) and also Orange Capital (investment upper arm of the Teo family of Super Team). The investment cost of Rio Casa in May 2017 was $783 thousand, equating into a land fee of $706 psf per piece proportion. This consisted of the differential costs and also lease top-up costs.
” The existing progressions along Hougang Opportunity 7 more than 10 years outdated. Riverfront Residences along with its own present day glass window curtain wall appearance will certainly alter the streetscape of the street as well as administer a new lease of everyday life and vibrancy,” claims Oxley.
Facilities to match every way of living
As the Oxley-led range had purchased the web site prior to land prices raised, it has the capacity to rate systems at Riverfront Residences competitively. Based on URA Realis information, 1,200 devices have actually been actually released to buy as of end-June. One of these, 1,052 devices have actually been marketed. In the month of June, average psf rate obtained at the job went to $1,307. Depending on to Oxley, costs of some units still start at more than $1,100 psf.
Along with its place almost the HDB properties in Hougang, Upper Serangoon Sight, Punggol and also Sengkang, Oxley states the bulk of shoppers are actually HDB upgraders.
“It is actually the all natural strategy that Riverfront Residences possesses [whether it’s] price, resources, format or even place. They all add up well, bring in the acquiring decision an effortless one,” points out Oxley.