Riverfront Residences Condominium Units Are Flying Off The Shelves

“Riverfront Residences”
Riverfront Residences is a 99 year leasehold condominium project situated in 344 Hougang Avenue 7

Finding a dream home is almost always a journey fraught with obstacles every now and then. There are so many factors involve; living environment, accessibility, amenity, price etc. But all that seems to disappear at Riverfront Residences. It is a new condo launch in Singapore that is situated along Hougang Avenue 7. It is developed by a consortium led by Oxley Holdings, and comprises of Lian Beng Group, Apricot Capital and KSH Holdings. These renowned developers have long established themselves as the big brothers of the industry and have amassed a huge portfolio of property developments under their belt.

Oxley Holdings and its partners made an acquisition of this site in May 2017 through a collective sale. This site used to be a privatised HUDC estate, named Rio Casa, and is situated at 344 Hougang Avenue 7. Rio Casa has a massive land size of 396,234 sqft, which is quite uncommon in Singapore, and coupled with a plot ratio of 2.8, Riverfront Residences can yield a total gross floor area (GFA) of 1,109,454 sqft, and this is a behemoth development that is quite rare. The developers paid a staggering $575 million to the previous home owners and topped up another $208 million to restore the lease of the land back to 99 years. The total price of the whole collective sale adds up to $783 million, thereby making the price of the purchase to be at an estimated $706 psf ppr (per square foot per plot ratio), and it is considered as one of the cheapest collective sale in the market, due to the fact that the developers took the risk of going into the collective sale cycle early when no one dares to do it. The cheapest one bedroom unit at Riverfront Residences was sold at $578,000, which is almost unheard of in the current market, where most one bedroom unit is selling above $600,000, and this made it one of the cheapest and most affordable project in the town now, having a huge potential for capital appreciation in the future.

Riverfront Residences condo is nestled in the matured estate of Hougang where it is close to a bus interchange situated right beside Hougang MRT, and it is about 10 minutes walk away. If the residents chose not to walk, a free shuttle bus will bring them to the MRT station. The development is also well-connected with access to expressways like Central Expressway (CTE) and Kallang Paya Lebar Expressway (KPE) for commute 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, Montfort Secondary School, Serangoon Secondary School, North Vista Secondary School, Bowen Secondary School and Serangoon Junior College, which provides quality education at high standards.

The amenities near Riverfront Residences 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.

Riverfront Residences spans 200m along Serangoon River, thereby offering a majestic unblocked view for some 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.

Riverfront Residences condo comprises 9 blocks of 17-storey high towers, 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/

Media Contact
Company Name: ERA Realty Network Pte Ltd
Contact Person: Developer Sales Team
Email: Send Email
Phone: +65 6100 0056
Country: Singapore
Website: https://www.riverfrontresidences-officialsite.com/