Likely one of the lowest psf new launch condo projects launched in 2018”
Riverfront Residences has a total land size 36,811.1 sqm. This plot of land is formerly known as Rio Casa, a privatized HUBC. In May 2017, Rio Casa, has been sold enbloc for S$575 million to a joint venture company Oxley–Lian Beng Venture.
With an additional differential premium of around S$208 million to top up the land lease to a fresh 99 years and develop the site to a gross plot ratio (GPR) of 2.8, the purchase price works out to a land price of about S$706 per sq ft per plot ratio (psf ppr), based on its maximum permissible gross floor area (GFA) of around 1,109,447 sq ft.
Riverfront Residences is anticipated to be the most attractive priced new launch in district 19 area (Sengkang / Hougang) as well as in Singapore in 2018 due to its low enbloc pricing as compared to other projects.
The planning to developed into close to 1470 (est) private residents units for this site. Most units will get to enjoy the alluring riverfront view along Sungei Serangoon. This will be one of the rare water front living projects in district 19.
|Project Name||Riverfront Residences|
|Type||Apartment / Condo|
|Address||Hougang Ave 7, Singapore|
|Site Area||36,811 sqm|
|Unit Type||1,472 (est) units ranging from 1- to 5-bedder and villas.|
|Developer||Consortium of Oxley Holdings Limited, KSH Development Pte. Ltd., Lian Beng Group Ltd and Apricot Cap|
|Development||Proposed of a condominium housing comprising of private residential blocks and villas, and over 100 facilities|
|No. Of Units||1472 (est)|
Surrounding projects launching in D19 / 20 (estimate)
Riverfront Residences (former Rio Casa) is located along Hougang Ave 7, Singapore. Riverfront Residences will be fronting Sungei Serangoon. Seragoon park connector (PCN) will connect Riverfront all the way to Punggol Park, Punggol Waterway and even Corney Island and Lorong Halus. Joggers and cyclists enthusiastic can go one big route to Punggol Waterway to Sengkang followed by Yio Chu Kang Road then back to Buangkok and Riverfront Residences.
Other than the alluring river front of Sungei Serangoon, Riverfront Residences Hougang is near to amenities like Hougang Mall, Midtown Mall, Hougang MRT and Kang kar mall. Good schools like Holy Innocents’ Primary and High School, CHIJ Lady of Nativity are within walking distance. Plenty of 24hrs eateries like 401 Hougang KPT (famous for its fried oyster, carrot cake, BBQ stingray)
Oxley has come a long way with property development and property investment as the main spearheads of the companies resources. However, in recent years, Oxley is also noted for its project management and consultancy expertise in Singapore and abroad. Oxley has previously worked on several projects that include residential, commercial and industrial projects. All of the companies projects include property development that is located in prime and posh locations and includes luxurious elements and features.
The Oxley Group has successfully acquired development properties in the UK, Cambodia, Ireland, Indonesia, Myanmar, Malaysia and Singapore. In Singapore, they have been responsible for projects like the Oxley Tower, KAP Residences, The Flow, Floraville and The Rise.
On the other hand, The Lian Beng Group is one of Singapore’s leading contractors for residential construction groups and has maintained its place on the Main Board of the Singapore Exchange since 1999. With its status as an A1 grade contractor, it can handle projects of unlimited contact value while its A2 grade in civil engineering allows it to work on projects having a value of up to $85 million.
With projects like Rafflesia Condominium at Bishan Street 21, 4 units of 2-Storey Terrace Houses at Clementi Crescent, Chinese Temple at Jurong East Avenue 1, Housing Development at Emerald Hill Road, Condominium Housing Development at West Coast Crescent and many more like these under their belt, it is definitely assured that the Lian Beng Group as a established builder, will construct quality development of Riverfront Residences.
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