PROJECT DETAILS
The collective Sales of Old Rio Casa at Hougang Avenue 7 . The land parcel bounded by, site area of house approximately 1,400 residential apartments.
Other residential developments which are within the vicinity of New Condo at Hougang Avenue 7 include Kingsford Waterbay, Heron Bay, Boathouse Residences
New Condo Launch at former site of Rio Casa- Riverfront Residences
New and upcoming condo at Hougang Avenue 7 is approximately 1.2 km from the Hougang Train Station which runs the North East Line. There are also bus services that are available within just a short walk away which will bring future residents right to Punggol Train Station and Punggol Bus Terminal at the Town Centre. This integrated public transport system will provide residents fast and efficient travel to downtown Singapore and various parts of the island either for leisure or work. New Condo in Hougang Avenue 7 is also well connected to major arterial roads which will link to the Kallang Paya Lebar Expressway (KPE), making it possible for 14 minutes’ of driving to both the Central Business District and the Orchard Shopping Belt. The Kallang Paya Lebar Expressway also provides a conduit of convenience when driving to various parts of the island.
In terms of dining, shopping and getting their daily conveniences, residents of new condo at Hougang Avenue 7 can head down to either Rivervale Plaza, Hougang Mall, Kang Kar Mall, Hougang Green Shopping Mall or Rivervale Mall which are just proximity away. Alternatively, New condo at Hougang Avenue 7 future residents can take a short drive to Waterway Point, an upcoming shopping mall that is located right at Punggol Town Centre. This mega mall will be completed in 2015 and is the 1st major retail mall in Punggol. New condo residents will enjoy all the conveniences from the wide selection of shopping, dining and entertainment facilities including a 1000 seat cinema. The Waterway Point promises future residents an exciting and convenient suburban shopping, dining and entertainment experience.
Residents of new and upcoming condo at Hougang Avenue 7 with school going children can choose from a wide selection of schools in the vicinity, namely CHIJ Our Lady Of The Nativity, Punggol Primary School, North Vista Primary School, North Spring Primary School, Holy Innocents’ Primary School, Montfort Junior School, Seng Kang Primary School, Palm View Primary School, Yio Chu Kang Primary School, Serangoon Secondary School, Holy Innocents’ High School, Seng Kang Secondary School, Montfort Secondary School and CHIJ Saint Joseph’s Convent. Other education facilities such as childcare centres and kindergartens, are also available to ease the mind of future residents with young children while they are away in their offices.
The site of Hougang Avenue 7 s also near to the picturesque Punggol Park which offers many outdoors facilties for the whole family. Future residents of new condo at Hougang Avenue 7 can choose from the many activities there such as roller blading, fishing, jogging, having a picnic or take part in the many water sports activities such as kayaking, wakeboarding or power boating. The park also provide a green respite, promising a tranquil experience for future residents.
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| Project | Hougang Avenue 7 New Condo- Former site of Rio Casa |
| Developer | Oxley-Lian Beng Pte Ltd |
| Location | Hougang Avenue 7 (Hougang Planning Area) |
| District | 19 |
| Tenure | 99 years lease |
| Site Area | 36,811 square metres/ 396,231 square feet |
| GFA: | 103,070 square metres/ 1,109,447 square feet |
| Plot Ratio | 2.8 |
| Expected TOP: | |
| Total Units | Approximately 1,400 residential apartments |
| Total Carpark | |
| Development | Private condominium comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigners can buy |
| Hougang Avenue 7 New Condo Unit Mix Distribution | |||
|---|---|---|---|
| Unit Type | Type | Area (Square Feet) | Total No. of Units |
| 1 Bedroom | TBA | TBA | TBA |
| 2 Bedroom | TBA | TBA | TBA |
| 3 Bedroom | TBA | TBA | TBA |
| 4 Bedroom | TBA | TBA | TBA |
| 5 Bedroom | TBA | TBA | TBA |
| Penthouse | TBA | TBA | TBA |
| Hougang Avenue 7 New Condo Facilities | |||
TBA
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| Hougang Avenue 7 New Condo Price List | |||
|---|---|---|---|
| Unit Type | Area (Square Feet) | Pricing | PSF |
| 1 Bedroom | TBA | TBA | TBA |
| 2 Bedroom | TBA | TBA | TBA |
| 3 Bedroom | TBA | TBA | TBA |
| 4 Bedroom | TBA | TBA | TBA |
| 5 Bedroom | TBA | TBA | TBA |
| Penthouse | TBA | TBA | TBA |
HOUGANG MRT STATION WILL BE THE INTERCHANGE FOR PRESENT NORTH-EAST LINE AND UPCOMING CROSS ISLAND LINE
The first phase of the Cross Island Line (CRL) will open by 2029. There are 3 other MRT Interchanges besides Hougang MRT Interchange, namely, at Ang Mo Kio with the North-South Line, at Bright Hill with Thomson East-Coast Line and at Pasir Ris with the East-West Line.
Phase 1 of the new MRT Cross Island Line (CRL1) will comprise of 12 stations.
They are Bright Hill, Teck Ghee, Ang Mo Kio, Tavistock, Serangoon North, Hougang, Defu, Tampines North, Pasir Ris, Pasir Ris East Loyang, Aviation Park and Changi East Depot.
HOUGANG OVERVIEW
Hougang is a mature town with good schools and a variety of parks and sports facilities. Over the next few years, residents will be able to enjoy more community facilities and recreational options and to have access to more jobs near home. There are also plans to showcase the town's rich history and heritage sites.
New Condo at Hougang Avenue 7, former site of Rio Casa- Gracious living in a heritage town
Various initiatives will be implemented to enhance the overall living environment and to strengthen the residents' connection with local history. These include:
- A One-stop community club with hawker centre, a health-care facility and an arts centre, located at Hougang Avenue 9
- An Estate- Upgrading Programme a new pedestrain footbridge across Sungei Punggol at the Gerald-Mugliston Estate
- More retail amenities at Kovan, Hougang Central, Hougang Avenue 7, Buangkok Drive and Jalan Pelikal
- A new nursing home to serve the needs of elderly residents at Hougang Avenue 8
New Condo at Hougang avenue 7, former site of Rio Casa- Leisure- Greener than ever
Residents in Hougang will have easy access to many major parks in the North-Eastern Region via the North-Eastern Riverine Loop (NERL) park connectors. When the NERL eventually becomes part of the 150km long Round Island Route, recreation sites farther afield will be even more accessible, such as the Changi Coastal Loop. As the green network expands in future, most homes in Hougang will be closer to parks or park connectors. These include:
- New neighbourhood parks within Kovan Estate
- A park at the future Lorong Halus Industrial Park
- An expanded Punggol Park
- An extended park connector at Hougang Avenue 3 to link up with the Pelton Canal park connector, providing easier access to Kallang Riverside.
- New interim sports facilities at the Jalan Kayu Sports Hub at Buangkok Crescent
- Enhancements to the canal at Hougang Avenue 10 through new landscaping with outlook decks, shelters and seatings
New Condo at Hougang Avenue 7, Former site of Rio Casa- More transport infrastructure- Better roads with better rides
Hougang is well connected to other parts of Singapore via public transport. Getting around will become much easier with trasnport improvements to smoothen traffic flow and improve accessibility. These include:
- A New Integraged transport hub in Hougang MRT Station
- Road improvements along Upper Serangoon Road, Upper Paya Lebar Road, Tampines Road, Lorong Ah Soo and Hougang Central
- Extension of Buangkok Link and Buangkok Crescent to complete the local road network
- Construction of the Cross Island Line which will pass through Hougang when it starts operations by 2030 and provides another direct MRT route to Changi and the west as well as other major towns.
LAND PARCEL SITE ALONG HOUGANG AVENUE 7 RIO CASA SOLD TO OXLEY-LIAN BENG THROUGH COLLECTIVE SALES TOP BID
Rio Casa, a 286-unit development at Hougang Avenue 7 has been sold collectively for S$575 million to Oxley-Lian Beng Venture Pte Ltd, revealed marketing agent Knight Frank.
Coupled with an additional differential premium of around S$208 million to top up the 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.
The property was put up for collective sale in April, after more than 80 percent of the owners agreed to the en bloc sale.
Knight Frank noted that each owner is set to receive around S$2 million in gross sale price upon the “successful completion of the sale, which is subject to several conditions being met, including an order of sale by the Strata Titles Board or Court Approval”.
Featuring seven residential towers, the former HUDC estate has a site area of 36,811.1 sq m (about 396,231 sq ft) and enjoys a 200m frontage of riverfront. It is zoned for residential use under the Master Plan 2014.
Knight Frank executive director and head of investment & capital markets Ian Loh attributed the strong interest for the estate to its positive site attributes – which include easy access to Hougang MRT stations and bus interchange, proximity to Serangoon Park Connector, vast surrounding green spaces and waterfront view.
Aside from this, no new launch is “expected within the immediate vicinity, in the short to medium term”.
“The gross development value for this project is estimated at S$1.4 billion and can potentially be redeveloped to build about 1,400 residential units, assuming an average size of 70 sq m per unit,” he added.
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