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Riverfront Residences: Stream viewpoints and upcoming rejuvenation

Rachel Wyselaskie, October 7, 2019

SINGAPORE (EDGEPROP) – Found on Hougang Opportunity 7, Riverfront Residences has actually been making a news amongst HDB upgraders in the vicinity. Until the launch of Riverfront Residences in mid-2018, there has actually been actually no brand new launch of a personal condo in the region for greater than 3 years.

Our listed website: Riverfront Residences showflat

Riverfront Residences has a total of 1,472 devices, consisting of nine 17-storey blocks of one- to five-bedroom houses, 21 strata landed houses as well as 6 strata shops. Four- and also five-bedroom fee units at the task come with private airlift gain access to.

The task occupies the website of the former Rio Casa, a 286-unit privatised HUDC property. The internet site was actually bought en bloc through Oxley Holdings as well as its joint-venture companions KSH Holdings, SLB Progression (provided property growth arm of Lian Beng Group) and also Apricot Funds (assets upper arm of the Teo family of Super Team). The purchase price of Rio Casa in May 2017 was $783 thousand, transforming in to a property cost of $706 psf every lot ratio. This included the differential costs as well as lease top-up fee.

” The existing progressions along Hougang Avenue 7 more than one decade old. Riverfront Residences along with its own modern-day glass window curtain wall façade will alter the streetscape of this particular road and also administer a brand-new lease of lifespan and also vibrancy,” states Oxley.

Facilities to match every lifestyle

As the Oxley-led range had obtained the site before land rates ran up, it has the ability to rate units at Riverfront Residences competitively. Based on URA Realis information, 1,200 systems have actually been actually launched for sale since end-June. Among these, 1,052 systems have been offered. In the month of June, typical psf price accomplished at the project went to $1,307. According to Oxley, rates of some systems still start at much more than $1,100 psf.

With its own location almost the HDB real estates in Hougang, Upper Serangoon Sight, Punggol and Sengkang, Oxley points out the mass of buyers are actually HDB upgraders.

“It is the all natural technique that Riverfront Residences has [whether it’s] rate, resources, style or area. They all build up perfectly, creating the purchasing selection an easy one,” mentions Oxley.

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