SINGAPORE (EDGEPROP) – Located on Hougang Opportunity 7, Riverfront Residences has been actually generating a hype amongst HDB upgraders around. Up until the launch of Riverfront Residences in mid-2018, there has actually been actually no new launch of a private apartment in the location for more than 3 years.
Mentioned: Riverfront Residences
Riverfront Residences has a total of 1,472 systems, consisting of 9 17-storey blocks of one- to five-bedroom condos, 21 strata landed properties and 6 strata stores. Four- as well as five-bedroom costs units at the task included private airlift accessibility.
The task utilizes the internet site of the past Rio Casa, a 286-unit privatised HUDC property. The web site was actually bought en bloc by Oxley Holdings and its joint-venture companions KSH Holdings, SLB Development (listed home growth upper arm of Lian Beng Group) and Orange Capital (expenditure arm of the Teo family members of Super Group). The purchase cost of Rio Casa in Might 2017 was actually $783 thousand, equating in to a land cost of $706 psf per piece ratio. This included the differential premium and lease top-up costs.
” The existing progressions along Hougang Method 7 end one decade outdated. Riverfront Residences with its own modern-day glass window curtain wall structure disguise will certainly transform the streetscape of this particular street and administer a brand-new lease of life as well as vibrancy,” mentions Oxley.
Facilities to match every way of living
As the Oxley-led range had actually purchased the website before property costs ran up, it has the capacity to price units at Riverfront Residences well. Based on URA Realis records, 1,200 systems have been actually launched up for sale as of end-June. One of these, 1,052 devices have actually been actually sold. In the month of June, normal psf cost obtained at the venture was at $1,307. Depending on to Oxley, costs of some units still start at more than $1,100 psf.
With its site almost the HDB estates in Hougang, Upper Serangoon Perspective, Punggol and also Sengkang, Oxley says the bulk of customers are HDB upgraders.
“It is actually the holistic technique that Riverfront Residences possesses [whether it’s] price, resources, layout or even area. They all accumulate beautifully, creating the getting choice an effortless one,” says Oxley.