SINGAPORE (EDGEPROP) – Situated on Hougang Pathway 7, Riverfront Residences has actually been generating a news one of HDB upgraders around. Up until the launch of Riverfront Residences in mid-2018, there has been no new launch of an exclusive apartment in the region for greater than three years.
Must watch: Riverfront Residences location
Riverfront Residences has an overall of 1,472 devices, comprising 9 17-storey blocks of one- to five-bedroom flats, 21 strata landed houses and 6 strata outlets. Four- and also five-bedroom costs devices at the project come with personal airlift access.
The job utilizes the web site of the past Rio Casa, a 286-unit privatised HUDC property. The web site was bought en bloc through Oxley Holdings as well as its own joint-venture companions KSH Holdings, SLB Development (listed building advancement arm of Lian Beng Team) and also Apricot Funding (financial investment arm of the Teo family of Super Team). The purchase price of Rio Casa in Might 2017 was $783 thousand, translating right into a land fee of $706 psf every plot ratio. This included the differential fee and lease top-up fee.
” The existing advancements along Hougang Opportunity 7 more than 10 years aged. Riverfront Residences along with its contemporary glass drape wall structure façade are going to alter the streetscape of this road and also administer a brand-new lease of everyday life and also vibrancy,” claims Oxley.
Facilities to match every lifestyle
As the Oxley-led range had acquired the web site just before property costs ran up, it is able to price units at Riverfront Residences competitively. Based on URA Realis records, 1,200 units have actually been actually launched for sale since end-June. One of these, 1,052 systems have actually been marketed. In the month of June, common psf price achieved at the project went to $1,307. According to Oxley, rates of some systems still start at much more than $1,100 psf.
Along with its own area at the HDB estates in Hougang, Upper Serangoon Scenery, Punggol as well as Sengkang, Oxley claims the mass of shoppers are HDB upgraders.
“It is the all natural strategy that Riverfront Residences possesses [whether it is actually] cost, facilities, layout or even location. They all accumulate perfectly, bring in the buying selection an effortless one,” says Oxley.