Riverfront Residences is a new launched property located at Hougang Avenue 7. The Riverfront Residences Condo comprises a total of 1,472 units, a good mixed from 1 to 5 bedroom and 21 exclusive Strata Landed Houses.
Riverfront Residences has a good location with good accessibility to many amenities. The amenities include Hougang Mall, The Midtown, Rivervale Plaza and many more.
Residents of Riverfront Residences can find renowned schools for their children, such as CHIJ our lady of the Nativity, Holy Innocent High School, Serangoon Secondary School and many more.
Riverfront Residences were successfully launch on the 2nd June 2018. The project has been popular with the facilities and the attractive prices. More than 52% of the units were sold within a month. Riverfront Residences condo is one of the largest project in Singapore real estate 2018, jointly developed by Oxley Holdings Limited, KSH Holding Ltd , SLB Development Ltd and Apricot Ltd. Although there is unexpected cooling measure in 5 July 2018, Riverfront Residences condo sales had well performed than what is expected.
The new Riverfront Residences condo sits on the former Rio Casa land which only had 286 units comprising of apartments and maisonettes spread into 7 blocks. Targeting at the extremely low density nature and a beautiful 200 meters river frontage, the property was put up for sale in April 2017 after 80 percent of the owners given their consensus to proceed. The massive plot of land spans about 396,231 square feet and with the plot ratio of 2.8, the land price of Riverfront Residences psf works out to be about $706 per square foot per plot ratio (psf ppr).
Bearing a permissible gross floor area (GFA) of approximately 1,109,447 square feet, Riverfront Residences is potentially allowed to redeveloped to about 1400 residential units basing on an average size of 65 square meters each. The joint venture for this $1.4 billion development comprises of Oxley Holdings which holds a 35% stake, KSH Holdings which also holds another 35%, Lian Beng Group at 20% and Apricot Capital at 10%. Based on the land costs and other factors, it is expected that the Riverfront Residences price will be in the range of $1400 to $1600 psf.
Analyst expect Riverfront Residences to be in good demand considering the lack of new condominium launches in the mid to short term. Some nearby condos which are older include Rio Vista, The Florida, Boathouse Residences, Heron Bay, Parc Vera and Evergreen Park. There is only one project so far which is Kingsford Waterbay where they are 95% sold at the time of writing and to be completed by 1st quarter of 2019. Looking at the market sentiments and activities in District 19 generally, Riverfront Residences should see great interest from buyers who have been living in the area.
Recommended reading: Riverfront Residences Land Bid, The Business Times
Riverfront Residences Developer
Lian Beng Group
Established in 1973, Lian Beng Group is one of Singapore’s major home-grown building construction groups with integrated civil engineering and construction support service capabilities.
Lian Beng’s status with the Building and Construction Authority (BCA) as an A1 grade contractor in General Building enables it to tender for public sector building projects of unlimited contract value, while its A2 grade in Civil Engineering allows it to handle engineering projects of up to $85 million in contract value. Through its years of experience and solid track record, the Group has also established for itself a solid reputation for its ability to handle large-scale and complex projects.
Oxley Holdings Limited is a home-grown Singaporean property developer with a diversified portfolio comprising of development and investment projects in Singapore, the United Kingdom, Ireland, Cyprus, Cambodia, Malaysia, Indonesia, China, Myanmar, Australia, Japan and Vietnam.
Oxley’s property development portfolio encompasses choice residential, commercial and industrial projects. Key elements of the Group’s choice developments include prime locations, desirable lifestyle features and preferred designs.
Kim Seng Holdings (KSH) has an established track record of handling construction projects across a broad spectrum of industries, and its projects have performed well in CONQUAS, a standard assessment system on the quality of building projects.
KSH’s property development and investment presence spans across various real estate sectors including residential, commercial, hospitality, and mixed-use developments. Apart from having successfully executed residential and mixed-use development projects in Singapore and the People’s Republic of China (“PRC”), it has jointly acquired properties in other geographies including the United Kingdom, Australia, Malaysia and Japan.
Riverfront Residences Location
Riverfront Residence is strategically located along Hougang Ave 7 in District 19, Singapore. The development is well nestled within a vibrant and mature neighborhood and surrounded by a plethora of lifestyle amenities, medical and educational facilities and the popular Hougang Mall which is located minutes away. Since the construction is being made over the old Rio casa, Riverfront Residences is already located in a place that is close to the city center and the residents will benefit immensely.
They would be able to engage in a rewarding social life and the availability of various renowned educational institutes like Xinmin Primary and Secondary Schools, Yuying Secondary School, Paya Lebar Methodist Girls’ School offers plenty of opportunities for parents to groom their kids. The famous shopping malls like Hougang Mall, Heartland Mall, and Compass point are located close to the construction and ensure that people can find solutions to all of their needs.
The North-East region of Singapore is an ideal location for both home buyer and investors, especially for the newlyweds. There are a lot of other good condo developments near Sumang Walk. Some of them are Watertown, JadeScape, Ecopolitans, Piermont Grand and OLA. All these condos are top selling condos in Singapore.
Riverfront Residence Development is boasts of a great location at Hougang Ave 7. Firstly, transport options are a plenty, with Hougang MRT Station / Bus Interchange being approximately 800m, or 12 minute walk away. It is also near to expressways KPE and TPE, and major arterial roads Upper Serangoon Road and Bartley Road. Shopping is also convenient, with Hougang Mall and The Midtown Shopping Mall nearby.
Secondly, the condo project offers an unparalleled riverside lifestyle. Serangoon Park Connector is just at your doorstep, providing you and your family healthy options. Explore nearby destinations such as Coney Island, or simply enjoy the peaceful river view from the comfort of your balcony.
Lastly, River front Condo is near to education institutions, such as CHIJ Our Lady of The Nativity, Holy Innocents’ Primary, Holy Innocents’ High, and Serangoon Secondary.
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Riverfront Residences Site Plan
Large site area
Designed by award winning architect and landscape
3 unique coves within development
– Botanic Cove
– Resort Cove
– Lifestyle Cove
– Cluhouse 1 – Co-working and study space
– Clubhouse 2 – 2 storey with Gym, Grand Dining and KTV/Movie room
– Clubhouse 3 – Gourmet dining with fully equipped kitchen for stylish gatherings
3 holiday villa style pavilions with private pool
3 Swimming Pools
– 50m Mangrove Pool
– 75m River Pool
– 20m Kids Pool
Extensive boardwalks and gardens
Tie up with Obike
6 shops for convenience
Free shuttle bus to Hougang MRT for first year
Riverfront Residences Floor Plan
Comprising of 1,472 units (1,451 Residential Units, 21 Strata Terrace House, and 6 Shops) over a spawling 396,087sqft of land, there is plenty of space for amazing facilities and communal space for maximal family enjoyment.
With 9 blocks of 17 storey, there are different size units to suit every family size and needs, from 1 bedroom to 5 bedroom premium units and strata terrace. There are also various facings to choose, from unblocked river views and swimming pool views.
Riverfront Residences Singapore is also well-located. It is close to Hougang MRT Station and Bus-Interchange, and near to major expressways. Transport to other parts of the island has never been a problem. Food and amenities are also readily available, with Hougang Mall and The Midtown Mall within a few minutes’ walk.
Riverfront Residences Condo is one of the most attractively priced project development in Singapore. With a low entry price, and top quality homes with premium fittings, Riverfront Residences presents an exciting development for family living, while being an investment for the future.
With over 100 unique facilities in Riverfront Residence, including a 75 River Pool, 50m Lap Pool, 3 Function Rooms, Gym, Kid’s Rock Climbing, Flying Fox, 400m Jogging Track, and KTV/Movie Room, there is so much things do and enjoy within the development!
Holy Innocents’ Primary School
Xinmin Primary School
Xinmin Secondary School
Montfort Junior School
Montfort Secondary School
Yio Chu Kang Primary School
Holy Innocents’ High School
Bowen Secondary School
Lycee Francais De Singapour
My First Skool
Paya Lebar Methodists’ Primary School
Hougang Green Shopping Mall
Upper Serangoon Shopping Centre
Park & Recreational
Serangoon Sports and Recreation Centre
Kaki Bukit Recreation Centre
Hougang Outdoor Fitness
Sengkang Floating Wetlands
Hougang MRT Station
Cross Island Line (CRL)
Entrepreneur Business Centre
|Project Name||Riverfront Residences|
|Developer||Oxley Holdings, KSH Holdings, Lian Beng Group|
|Address||Hougang Avenue 7|
|Number Of Units||1472 Residential Units|
|Tenure||99-Year Leasehold from 31 May 2018|
|Land Area||Approx 36,811.1 sqm (396,245 sqft)|
|Number Of Blocks||9 Blocks of 17-storey & 21 Units of Strata Landed Houses (Total: 1472 UNITS), 6 Shops with 2 Basement Carparks|