SINGAPORE (EDGEPROP) – Found on Hougang Opportunity 7, Riverfront Residences has actually been making a talk among HDB upgraders in the vicinity. Till the launch of Riverfront Residences in mid-2018, there has been actually no brand-new launch of a personal apartment in the location for much more than 3 years.
Our website: Riverfront Residences location
Riverfront Residences possesses an overall of 1,472 devices, comprising 9 17-storey blocks of one- to five-bedroom flats, 21 strata landed homes and also 6 strata outlets. 4- and also five-bedroom superior devices at the venture possessed exclusive airlift get access to.
The venture utilizes the internet site of the past Rio Casa, a 286-unit privatised HUDC real estate. The site was obtained en bloc through Oxley Holdings and its joint-venture partners KSH Holdings, SLB Development (noted building advancement upper arm of Lian Beng Group) and also Orange Capital (expenditure upper arm of the Teo loved ones of Super Group). The acquisition cost of Rio Casa in May 2017 was actually $783 thousand, translating right into a land cost of $706 psf per plot ratio. This included the differential fee and also lease top-up costs.
” The existing progressions along Hougang Opportunity 7 are over one decade outdated. Riverfront Residences along with its own present day glass window curtain wall façade will change the streetscape of this roadway as well as inject a brand new lease of life and also vibrancy,” mentions Oxley.
Facilities to match every way of living
As the Oxley-led consortium had actually acquired the website prior to land costs added, it manages to price units at Riverfront Residences competitively. Based on URA Realis data, 1,200 devices have been released for sale since end-June. Among these, 1,052 systems have been actually marketed. In the month of June, average psf cost accomplished at the project was at $1,307. Depending on to Oxley, rates of some devices still begin at more than $1,100 psf.
Along with its site at the HDB real estates in Hougang, Upper Serangoon Sight, Punggol and also Sengkang, Oxley states the bulk of customers are actually HDB upgraders.
“It is actually the alternative method that Riverfront Residences possesses [whether it is actually] rate, facilities, format or even site. They all build up perfectly, bring in the purchasing choice a very easy one,” says Oxley.