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Riverfront Residences: Waterway sights and upcoming revitalization

Holly Clancy, October 7, 2019

SINGAPORE (EDGEPROP) – Located on Hougang Pathway 7, Riverfront Residences has been making a buzz amongst HDB upgraders in the vicinity. Till the launch of Riverfront Residences in mid-2018, there has actually been no brand new launch of a personal apartment in the location for more than 3 years.

Put forward: Riverfront Residences location

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 properties and also six strata shops. 4- and five-bedroom costs devices at the venture come with personal airlift accessibility.

The venture fills the website of the former Rio Casa, a 286-unit privatised HUDC property. The site was actually obtained en bloc by Oxley Holdings and its own joint-venture partners KSH Holdings, SLB Development (listed property advancement upper arm of Lian Beng Group) and also Apricot Funding (assets arm of the Teo family members of Super Team). The investment cost of Rio Casa in May 2017 was actually $783 thousand, transforming into a property fee of $706 psf every piece ratio. This consisted of the differential premium and also lease top-up fee.

” The existing growths along Hougang Pathway 7 more than ten years outdated. Riverfront Residences along with its own contemporary glass window curtain wall appearance will certainly transform the streetscape of this road and also administer a brand-new lease of everyday life and vibrancy,” says Oxley.

Facilities to match every way of life

As the Oxley-led range had actually purchased the web site prior to property prices raised, it manages to price systems at Riverfront Residences competitively. Based Upon URA Realis data, 1,200 units have actually been actually released available as of end-June. Amongst these, 1,052 devices have actually been actually sold. In the month of June, common psf price achieved at the job went to $1,307. Depending on to Oxley, rates of some units still start at much more than $1,100 psf.

With its own location almost the HDB estates in Hougang, Upper Serangoon Scenery, Punggol and Sengkang, Oxley mentions the mass of shoppers are actually HDB upgraders.

“It is actually the holistic technique that Riverfront Residences possesses [whether it’s] rate, resources, design or location. They all add up perfectly, bring in the buying choice an effortless one,” points out Oxley.

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