SINGAPORE (EDGEPROP) – Situated on Hougang Pathway 7, Riverfront Residences has actually been producing a talk among HDB upgraders in the vicinity. Until the launch of Riverfront Residences in mid-2018, there has actually been actually no brand-new launch of a personal apartment in the region for greater than 3 years.
Read more: Riverfront Residences showflat
Riverfront Residences has a total of 1,472 systems, making up 9 17-storey blocks of one- to five-bedroom houses, 21 strata landed houses as well as 6 strata outlets. Four- as well as five-bedroom premium devices at the project come with personal airlift access.
The project fills the site of the former Rio Casa, a 286-unit privatised HUDC estate. The website was obtained en bloc through Oxley Holdings as well as its own joint-venture partners KSH Holdings, SLB Growth (noted residential or commercial property growth arm of Lian Beng Group) and also Apricot Capital (investment arm of the Teo loved ones of Super Team). The investment price of Rio Casa in Might 2017 was actually $783 thousand, translating in to a property price of $706 psf per area proportion. This featured the differential fee and lease top-up costs.
” The existing progressions along Hougang Opportunity 7 more than ten years outdated. Riverfront Residences with its own modern-day glass curtain wall disguise will definitely transform the streetscape of this roadway and also administer a new lease of life and also vibrancy,” says Oxley.
Facilities to match every way of living
As the Oxley-led range had actually bought the site prior to property prices ran up, it has the ability to rate devices at Riverfront Residences well. Based on URA Realis records, 1,200 devices have been actually introduced for sale since end-June. One of these, 1,052 devices have been offered. In the month of June, common psf cost accomplished at the task went to $1,307. According to Oxley, rates of some units still start at more than $1,100 psf.
With its site at the HDB real estates in Hougang, Upper Serangoon View, Punggol and also Sengkang, Oxley says the bulk of customers are actually HDB upgraders.
“It is actually the comprehensive technique that Riverfront Residences has [whether it’s] cost, facilities, design or even site. They all add up perfectly, bring in the buying selection a quick and easy one,” points out Oxley.