SINGAPORE (EDGEPROP) – Found on Hougang Opportunity 7, Riverfront Residences has actually been developing a buzz one of HDB upgraders in the vicinity. Up until the launch of Riverfront Residences in mid-2018, there has been no new launch of a personal condo in the place for more than three years.
Read more: Riverfront Residences floor plan
Riverfront Residences has a total amount of 1,472 devices, making up 9 17-storey blocks of one- to five-bedroom homes, 21 strata landed properties and six strata outlets. 4- and also five-bedroom premium systems at the job come with private lift get access to.
The venture occupies the internet site of the former Rio Casa, a 286-unit privatised HUDC estate. The site was obtained en bloc through Oxley Holdings as well as its joint-venture partners KSH Holdings, SLB Progression (detailed property development upper arm of Lian Beng Group) and Apricot Funds (expenditure upper arm of the Teo loved ones of Super Team). The purchase rate of Rio Casa in May 2017 was $783 million, translating in to a property price of $706 psf every plot ratio. This included the differential fee as well as lease top-up costs.
” The existing progressions along Hougang Opportunity 7 more than ten years old. Riverfront Residences along with its modern-day glass window curtain wall surface appearance will alter the streetscape of this particular road as well as infuse a new lease of daily life and vibrancy,” mentions Oxley.
Facilities to match every way of life
As the Oxley-led range had acquired the internet site just before property costs added, it has the capacity to cost systems at Riverfront Residences competitively. Based Upon URA Realis data, 1,200 units have actually been launched offer for sale since end-June. Among these, 1,052 units have actually been offered. In the month of June, common psf rate accomplished at the project went to $1,307. Depending on to Oxley, prices of some units still begin at greater than $1,100 psf.
With its location at the HDB real estates in Hougang, Upper Serangoon Perspective, Punggol and Sengkang, Oxley points out the majority of customers are actually HDB upgraders.
“It is actually the comprehensive method that Riverfront Residences has [whether it is actually] price, resources, design or area. They all accumulate perfectly, creating the purchasing decision an easy one,” states Oxley.