Riverfront Residences condo Singapore is a brand new condo launch that is situated along Hougang Avenue 7 of District 19. It is developed by an Oxley Holdings led consortium comprising of Lian Beng Group, Apricot Capital and KSH Holdings.
In May 2017, Oxley and its joint-venture partners acquired this site through a collective sale of a former privatized HUDC estate, Rio Casa. It is located at 344 Hougang Avenue 7 with a massive land size of 396,234 sqft, and with a gross plot ratio of 2.8, Riverfront Residences can yield a total Gross Floor Area (GFA) of 1,109,454 sqft, which is considered a huge project in Singapore’s context. The purchase price of the condo development is $575m, and the developer also paid a differential premium of about $208m paid to top up the lease back to 99 years. The total price paid by the developers adds up to a total of $783m, making the per square foot pricing to be at an estimate of $706 psf ppf (per square foot per plot ratio). The condo’s breakeven cost is estimated to be around $1,156 PSF and the cheapest one Bedroom unit at Riverfront Residences was transacted at $578,000, translating to only $1,248 psf, which is very rare in the current market condition. The development is one of the most affordable properties in the immediate area of Hougang with huge capital appreciation potential.
Nestled in a matured estate of Hougang, Riverfront Residences is close to a bus interchange, as well as Hougang, Kovan and Buangkok MRT stations which serve the North East Line. It is also well-connected with nearby access to expressways like Central Expressway (CTE) and Kallang Paya Lebar Expressway (KPE) to travel to the city center or anywhere in Singapore.
For young families with school-going children, Riverfront Residences is ideal as it is situated around many renowned schools like Rosyth Primary School, Zhonghua Primary School, Xinmin Secondary School, Serangoon Secondary School, Montfort Secondary School, Bowen Secondary School, North Vista Secondary School and Serangoon Junior College, which provides quality education at high standards.
The amenities near Riverfront Residences Singapore include a great variety of shopping malls such as Hougang Mall, the Midtown shop houses, Seletar Mall, Hougang Green Mall and Hougang 1 Mall, offering plenty of shopping, dining and entertainment options.
As the name suggests, Riverfront Residences is located across 200m water frontage of the Serangoon River, so many units offer a majestic view for residents to enjoy right from the comfort of their own home. There is also access to the Serangoon park connector for leisure walks or exercises to bond with the whole family and achieve an active lifestyle.
Singapore Riverfront Residences condo comprises of 9 blocks that are 17-storey high with a total of 1,427 units, and the unit mix ranges from one bedroom to five bedroom units and four to five bedroom strata landed housing unit. Riverfront Residences also offers 2 levels of basement carpark, communal facilities and shop units so that resident’s needs can be fulfilled without leaving the area.
For more information, visit: https://www.riverfrontresidences-officialsite.com/
Company Name: ERA Realty Network Pte Ltd
Contact Person: Developer Sales Team
Email: Send Email
Phone: +65 6100 0056