SINGAPORE (EDGEPROP) – Located on Hougang Pathway 7, Riverfront Residences has actually been making a buzz one of HDB upgraders around. Until the launch of Riverfront Residences in mid-2018, there has actually been actually no brand-new launch of an exclusive condo in the area for much more than 3 years.
Nominated website: Riverfront Residences showflat
Riverfront Residences possesses a total of 1,472 systems, making up nine 17-storey blocks of one- to five-bedroom apartment or condos, 21 strata landed residences and six strata outlets. 4- and also five-bedroom costs devices at the venture included personal lift accessibility.
The venture occupies the website of the former Rio Casa, a 286-unit privatised HUDC property. The website was actually acquired en bloc by Oxley Holdings as well as its own joint-venture companions KSH Holdings, SLB Development (listed home advancement upper arm of Lian Beng Team) as well as Apricot Funding (financial investment upper arm of the Teo family of Super Group). The acquisition price of Rio Casa in May 2017 was actually $783 thousand, transforming into a property rate of $706 psf every piece ratio. This featured the differential superior and also lease top-up premium.
” The existing advancements along Hougang Avenue 7 end ten years outdated. Riverfront Residences with its own present day glass window curtain wall appearance will definitely alter the streetscape of the street as well as infuse a brand-new lease of lifespan and vibrancy,” points out Oxley.
Facilities to match every way of living
As the Oxley-led range had actually purchased the web site before land costs added, it is able to price units at Riverfront Residences competitively. Based Upon URA Realis data, 1,200 devices have been launched available for sale as of end-June. Among these, 1,052 systems have been actually marketed. In the month of June, average psf price achieved at the job was at $1,307. According to Oxley, rates of some systems still start at much more than $1,100 psf.
With its own site at the HDB real estates in Hougang, Upper Serangoon Sight, Punggol and Sengkang, Oxley points out the mass of purchasers are actually HDB upgraders.
“It is actually the holistic method that Riverfront Residences possesses [whether it’s] price, facilities, format or even area. They all build up nicely, creating the acquiring choice a quick and easy one,” points out Oxley.