SINGAPORE (EDGEPROP) – Found on Hougang Avenue 7, Riverfront Residences has actually been actually generating a talk amongst HDB upgraders around. Up until the launch of Riverfront Residences in mid-2018, there has been no new launch of an exclusive condominium in the location for much more than 3 years.

Visit this: Riverfront Residences floor plan

Riverfront Residences has a total of 1,472 systems, consisting of 9 17-storey blocks of one- to five-bedroom flats, 21 strata landed residences and six strata outlets. Four- and also five-bedroom superior systems at the task featured personal lift accessibility.

The job utilizes the web site of the former Rio Casa, a 286-unit privatised HUDC estate. The internet site was acquired en bloc through Oxley Holdings and also its joint-venture companions KSH Holdings, SLB Advancement (noted residential property progression arm of Lian Beng Group) and Orange Financing (assets arm of the Teo family of Super Team). The acquisition rate of Rio Casa in May 2017 was actually $783 million, transforming in to a property price of $706 psf every area proportion. This featured the differential costs and also lease top-up fee.

” The existing growths along Hougang Opportunity 7 are over ten years aged. Riverfront Residences along with its own modern glass window curtain wall structure appearance are going to alter the streetscape of this particular street and also administer a brand new lease of life and vibrancy,” claims Oxley.

Facilities to match every lifestyle

As the Oxley-led consortium had actually acquired the site just before property costs ran up, it manages to cost units at Riverfront Residences well. Based Upon URA Realis information, 1,200 units have been actually released for sale since end-June. One of these, 1,052 devices have actually been offered. In the month of June, common psf cost accomplished at the venture went to $1,307. Depending on to Oxley, rates of some units still begin at more than $1,100 psf.

With its own location at the HDB estates in Hougang, Upper Serangoon View, Punggol and also Sengkang, Oxley states the mass of customers are actually HDB upgraders.

“It is actually the all natural method that Riverfront Residences has [whether it is actually] price, resources, layout or area. They all add up nicely, creating the getting selection a quick and easy one,” points out Oxley.