SINGAPORE (EDGEPROP) – Found on Hougang Method 7, Riverfront Residences has actually been generating a talk among HDB upgraders in the vicinity. Till the launch of Riverfront Residences in mid-2018, there has been no brand new launch of an exclusive apartment in the area for greater than 3 years.
Mentioned: Riverfront Residences
Riverfront Residences has a total of 1,472 units, making up nine 17-storey blocks of one- to five-bedroom apartment or condos, 21 strata landed properties as well as six strata shops. 4- as well as five-bedroom costs units at the task included private lift gain access to.
The venture occupies the internet site of the previous Rio Casa, a 286-unit privatised HUDC estate. The site was bought en bloc by Oxley Holdings and its own joint-venture companions KSH Holdings, SLB Progression (provided residential or commercial property development arm of Lian Beng Group) and also Apricot Funds (expenditure arm of the Teo family members of Super Team). The investment cost of Rio Casa in May 2017 was $783 million, equating in to a property rate of $706 psf every area proportion. This consisted of the differential superior and lease top-up fee.
” The existing advancements along Hougang Method 7 more than 10 years outdated. Riverfront Residences along with its modern-day glass window curtain wall structure appearance will certainly alter the streetscape of this roadway as well as infuse a brand-new lease of life and also vibrancy,” says Oxley.
Facilities to match every way of living
As the Oxley-led consortium had actually acquired the web site before land costs ran up, it has the capacity to cost systems at Riverfront Residences well. Based on URA Realis data, 1,200 devices have actually been introduced up for sale as of end-June. Amongst these, 1,052 units have been actually sold. In the month of June, average psf price achieved at the job went to $1,307. According to Oxley, rates of some units still begin at much more than $1,100 psf.
With its site in the vicinity of the HDB real estates in Hougang, Upper Serangoon Viewpoint, Punggol and Sengkang, Oxley claims the bulk of buyers are HDB upgraders.
“It is actually the all natural approach that Riverfront Residences possesses [whether it’s] rate, resources, style or area. They all accumulate perfectly, bring in the getting decision a simple one,” points out Oxley.