SINGAPORE (EDGEPROP) – Situated on Hougang Pathway 7, Riverfront Residences has actually been actually generating a talk among HDB upgraders in the vicinity. Till the launch of Riverfront Residences in mid-2018, there has actually been actually no new launch of an exclusive condo unit in the place for much more than three years.
Visit this: Riverfront Residences price
Riverfront Residences possesses a total of 1,472 units, comprising 9 17-storey blocks of one- to five-bedroom apartment or condos, 21 strata landed houses and also 6 strata outlets. Four- as well as five-bedroom superior devices at the venture featured private airlift accessibility.
The venture utilizes the web site of the former Rio Casa, a 286-unit privatised HUDC estate. The web site was obtained en bloc by Oxley Holdings and also its own joint-venture companions KSH Holdings, SLB Development (noted building development arm of Lian Beng Group) and also Orange Financing (investment upper arm of the Teo family members of Super Group). The acquisition rate of Rio Casa in May 2017 was $783 million, translating right into a property cost of $706 psf per lot proportion. This featured the differential fee and also lease top-up fee.
” The existing progressions along Hougang Pathway 7 end 10 years old. Riverfront Residences with its modern-day glass curtain wall surface façade will certainly change the streetscape of this road and administer a new lease of everyday life and vibrancy,” mentions Oxley.
Facilities to match every way of living
As the Oxley-led range had obtained the website prior to property rates ran up, it is able to rate units at Riverfront Residences competitively. Based on URA Realis information, 1,200 devices have been actually launched available for sale since end-June. Among these, 1,052 systems have been actually offered. In the month of June, average psf rate obtained at the task went to $1,307. Depending on to Oxley, costs of some units still start at more than $1,100 psf.
Along with its own location at the HDB properties in Hougang, Upper Serangoon Perspective, Punggol as well as Sengkang, Oxley points out the majority of shoppers are HDB upgraders.
“It is actually the all natural method that Riverfront Residences has [whether it is actually] cost, centers, format or place. They all add up nicely, bring in the purchasing decision a simple one,” claims Oxley.