Riverfront Residences: Waterway views and also upcoming restoration

SINGAPORE (EDGEPROP) – Located on Hougang Method 7, Riverfront Residences has actually been actually creating a hype one of HDB upgraders around. Till the launch of Riverfront Residences in mid-2018, there has been actually no brand-new launch of an exclusive apartment in the region for much more than 3 years.

Recommended: Riverfront Residences floor plan

Riverfront Residences possesses a total of 1,472 devices, comprising nine 17-storey blocks of one- to five-bedroom flats, 21 strata landed houses and also six strata outlets. 4- as well as five-bedroom fee systems at the job come with personal lift accessibility.

The task occupies the website of the past Rio Casa, a 286-unit privatised HUDC estate. The site was obtained en bloc by Oxley Holdings and also its joint-venture partners KSH Holdings, SLB Advancement (listed property development arm of Lian Beng Group) as well as Orange Capital (financial investment arm of the Teo family of Super Group). The acquisition price of Rio Casa in Might 2017 was $783 thousand, equating into a land cost of $706 psf per piece ratio. This consisted of the differential premium and lease top-up superior.

” The existing progressions along Hougang Pathway 7 are over ten years old. Riverfront Residences along with its modern-day glass drape wall disguise are going to alter the streetscape of this particular street and infuse a brand-new lease of everyday life and also vibrancy,” claims Oxley.

Facilities to match every way of life

As the Oxley-led consortium had bought the website before land prices ran up, it has the capacity to price units at Riverfront Residences well. Based Upon URA Realis data, 1,200 devices have actually been released up for sale as of end-June. Among these, 1,052 systems have been actually offered. In the month of June, common psf cost attained at the task was at $1,307. Depending on to Oxley, prices of some systems still begin at more than $1,100 psf.

With its site in the vicinity of the HDB properties in Hougang, Upper Serangoon Sight, Punggol and Sengkang, Oxley claims the bulk of purchasers are HDB upgraders.

“It is the all natural method that Riverfront Residences has [whether it’s] cost, facilities, format or even area. They all add up perfectly, bring in the acquiring decision an effortless one,” mentions Oxley.