SINGAPORE (EDGEPROP) – Found on Hougang Avenue 7, Riverfront Residences has actually been actually producing a talk one of HDB upgraders in the vicinity. Till the launch of Riverfront Residences in mid-2018, there has actually been actually no new launch of an exclusive apartment in the region for much more than 3 years.
Read more: Riverfront Residences price
Riverfront Residences has a total amount of 1,472 devices, comprising nine 17-storey blocks of one- to five-bedroom homes, 21 strata landed properties and 6 strata outlets. 4- as well as five-bedroom costs systems at the project included private airlift accessibility.
The project occupies the internet site of the former Rio Casa, a 286-unit privatised HUDC real estate. The web site was actually purchased en bloc through Oxley Holdings as well as its own joint-venture companions KSH Holdings, SLB Progression (detailed residential or commercial property growth arm of Lian Beng Group) as well as Apricot Resources (assets arm of the Teo family members of Super Group). The investment price of Rio Casa in Might 2017 was $783 million, equating in to a property cost of $706 psf every plot proportion. This included the differential premium and lease top-up fee.
” The existing developments along Hougang Avenue 7 end ten years aged. Riverfront Residences along with its present day glass curtain wall structure appearance are going to change the streetscape of this road and infuse a brand new lease of lifespan and also vibrancy,” states Oxley.
Facilities to match every way of life
As the Oxley-led range had obtained the web site before land rates raised, it is able to rate devices at Riverfront Residences well. Based on URA Realis records, 1,200 systems have been released for sale since end-June. Among these, 1,052 devices have actually been actually marketed. In the month of June, ordinary psf price attained at the task went to $1,307. Depending on to Oxley, costs of some devices still start at much more than $1,100 psf.
With its place almost the HDB estates in Hougang, Upper Serangoon Scenery, Punggol and Sengkang, Oxley mentions the bulk of shoppers are actually HDB upgraders.
“It is actually the alternative method that Riverfront Residences has [whether it is actually] cost, resources, style or area. They all accumulate nicely, bring in the buying decision an effortless one,” points out Oxley.