PROJECT DETAILS
Home is Riverfront Residences, where the river is....
Riverfront Residences is a new and upcoming condo located at Hougang Avenue 7, along Serangoon Park Connector, in the North-Eastern Region of Singapore. It is sitting at the former site of HUDC Rio Casa. It has a large site area of 396,233 square feet and will hosue approximately 1470 residential apartments.
It is developed by joint venture firm Oxley consortium that comprises partners including Oxley Holdings, Lian Beng Group, Apricot Capital, KSH Holdings and Heeton Holdings. The site area is about 396,233 sqft with a plot ratio of 2.8 and could yield a 1,470 residential units and include 1, 2, 3, 4, 5 bedrooms and strata landed houses.
Riverfront Residences will be constructed into a high-rise structure with full facilities, modern fittings, elegant furnishings, and dashing interior and exterior decors. The site will host xx blocks elevated into xx levels. Unit distribution ranges from one bedroom to large penthouses with exceptional features. According to the floor plan layout, each apartment will have comfortable spaces allocated to family rooms and dining area. The living room shall receive strong walls and high ceilings. As for the bedrooms, extra attention shall become placed on natural illumination, bathrooms, closets, drawers, and their entire ambiance. At the kitchen, developers plan on equipping and mounting beautiful, durable cabinets on the wall as well as spice shelves. Attractive countertops will be fitted along and around the sink while the developers provide more segments below the surface. On top of that, you will have an island to make and share meals with family. Due to public demand, Riverfront Residences will have several features such as swimming pools, tennis courts, BBQ area, gymnasium, elevated deck, clubhouses, function room, and a guardhouse.
The management has established a 24-hour security protocol accompanied by emergency response systems connected to nearest medical facilities, law enforcement, firefighters. However, the developers have taken countless precaution to ensure residents have maximum protection on top of comfort. You will be delighted to know that the team responsible use customer-oriented mechanisms as well as standardly issued appliances to install the electric and plumbing systems. Similar attention will be given to the air conditioning and ventilation frameworks. Enough resources will also be dispensed into flooring, such that families worry less about slipping, cracks, or fading. The site’s landscapes are dazzling due to the presence of footpaths created alongside greenery gardens. They complement the condo’s exterior decor and amplify the environment within. On completion, Riverfront Residences will have well-maintained plantations and decorates to set the building apart from its competitors.
The architecture was designed and crafted to utilize the location and the views it offers, while outdoor spaces connect the building to the elements of nature. The surrounding grounds and private outdoor spaces, including oversized balconies and expansive terraces, are designed to echo key features of the natural environment with a selection of trees and shrubs that are native to the region. Walkways and greenery are incorporated in the design of the surrounding landscape, bringing to life the traditional values of neighbourhood and community. Riverfront Residences is a thoroughly modern building, featuring fresh, contemporary interior style.
Super Attractive Price at Riverfront Residences
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2 Bedroom from
3 Bedroom from
4 Bedroom from
5 Bedroom from
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Riverfront Residences- Connectivity
Riverfront Residences is approximately 900 m from the Hougang Train Station which runs the North East Line. This MRT Line allows its future residents to commute straight to the Dhoby Ghaut MRT Station, located in Orchard Road and the Harbourfront MRT Station without the hassle of transiting to other MRT lines. There are also bus services available in front of Riverfront Residences which will bring its future residents to the Hougang Central which the Hougang MRT Station and Hougang Bus Interchange are located. There are also many bus services available at the bus interchange that will help the future residents of Riverfront Residences to commute to various parts of the island.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. Riverfront Residences 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.
Riverfront Residences- Amenities
Riverfront Residences is approximately 600 m away from the Midtown, a mixed commercial and residential development which hosts a total 107 commercial units. Future residents of Riverfront Residences could easily satisfy their dining and shopping needs at the shopping mall. There will be also U Stars Supermarket located at the basement of The Midtown which offers affordable, quality products and services, including various assortment of foods, fresh produce and merchandise. Alternatively, future residents of Riverfront Residences could also walk to the nearby Hougang Mall which is right in the Hougang Central. There are also many retail shops, food and beverage outlets, food court and also Fairprice supermarket located there. Besides these 2 shopping malls, Riverfront Residences is also near to Hougang Green Shopping Mall, Rivervale Plaza and also Heartland Mall which is located at Kovan City.
Riverfront Residences- Education
Residents of Riverfront Residences, 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.
The site of Riverfront Residences is also near to the picturesque Punggol Park which offers many outdoors facilties for the whole family. Future residents of Riverfront Residences 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.
Riverfront Residences- Oxley
Oxley has a vast work profile, with property development and property investment as the main spearheads of the companies resources. However, the company is also noted for its project management and consultancy expertise in some other countries. 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.
Riverfront Residences- Lian Beng
On the other hand, The LianBeng 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 109A Emerald Hill Road, Condominium Housing Development at West Coast Crescent and many more like these under their belt, it is definitely assured that the LianBeng Group as a established builder, will construct quality development of Riverfront Residences.
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| Project | Riverfront Residences |
| Developer | Consortium of Oxley Holdings Limited, KSH Development Pte Ltd, Lian Beng Group Ltd and Apricot Corp |
| 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: | 1 Bedroom, 2 Bedroom, 3 Bedroom, 4 Bedroom, 5 Bedroom and Strata Houses |
| Architect | |
| Eligibility | SC, SPR and Foreigners can buy |
| Riverfront Residences 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 |
| Riverfront Residences Condo Facilities | |||
TBA
|
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| Riverfront Residences 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 |
LOCATION MAP and AMENITIES- RIVERFRONT RESIDENCES
Amenities Hougang Avenue 7
FACILITIES and SITE PLAN E-BROCHURE- RIVERFRONT RESIDENCES
The Facilities and Site plan of new condo launch at Riverfront Residences, along Hougang Avenue 7, at former site of Rio Casa, are currently seeking approval from relevant authorities.
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RESIDENTIAL FLOOR PLANS E-BROCHURE- RIVERFRONT RESIDENCES
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- Make sure you check the measurement of each room which will give you the idea of the size of the room and how much of your furniture can fit into it. Always check which way the door will be swinging and the space that will be left empty after the door is opened or closed. Check if the windows embedded in the condo are as per your necessities. Sliding windows are demonstrated by thin empty line by the dividers, while casement windows, as a rule, come in sets.
- Do check whether room size matches your required area so that you do not have to face difficulty when fitting the furniture in the room. Make sure the total numbers of rooms mentioned in the floor plan are according to your family needs. Check the dimensions allotted to the kitchen. Make sure that every room has a separate entryway so that there is no hindrance to privacy.
- Check the measurements of the corridors as most people consider long passageways are generally viewed as a waste of space. Always check for natural lighting. This is a very important step for the ventilation and the aura of your home. Ensure you get enough morning and evening day light and the accessibility of sun shades. Ensure that there is appropriate cross ventilation in the house Condominiums usually do have room for the family maids. Make sure that there is one if you require it.
- Ensure that the cupboards are built-in in the condominium so that you do not have to spend extra money on installing new ones. Check which walls are structural and nonstructural for safe removal in the future. Structural walls are represented in the floor plan by thick bold lines while non-structural walls are indicated by thin lines. Check if storage room and pantry space fulfill your requirements. Also note that whether the washrooms are connected or common, according to your requirements.
AVAILABLE UNITS/ SOLD/ CHEAPEST PRICES PSF- RIVERFRONT RESIDENCES
Like any other new launches, the prices of Riverfront Residences will only be announced on the sales day. Indicating pricing will be announced earlier.
Riverfront Residences is a new condo at the former site of Rio Casa which was sold En-Bloc to Oxley.
Base on the plot ratio of 2.8, Oxley purchase price of S$638 million and works out to a land rate of S$705 per square foot per plot ratio (psf ppr) on the potential Gross Floor Ratio (GFA). This is after adding the differential premium paybale to the State to top up the lease and to intensify the land use.
The break-even price will be around S$1300psf. Hence, Riverfront Residences in the early launch will probably selling at around S$1500psf at average, and higher.
PRICE TRENDS FOR DEVELOPMENTS IN HOUGANG
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.
Riverfront Residences- 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
Riverfront Residences- 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:
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
Riverfront Residences- 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.
FURTHER DEVELOPMENTS
The Cross Island MRT Line (CRL) will be the eighth Mass Rapid Transit (MRT) line in Singapore. Spanning across Singapore, the CRL is approximately 50 km in length and is targeted to complete by around 2030. It is currently under planning and evaluation.
The line will begin from Changi, passing through Loyang, Pasir Ris, Hougang, Ang Mo Kio, Bukit Timah, Clementi, West Coast before terminating at Jurong Industrial Estate.
It will provide commuters with another alternative for East-West travel to the current East-West Line, bringing greater comfort and significantly shorter journey times. The eastern leg of the CRL will also include a segment that extends into the centre of Punggol. Residents in Punggol will be able to travel to Pasir Ris – a popular and much demanded travel route – in only 10-15 minutes, compared to a 40 minute bus journey today.
WHY BUY RIVERFRONT RESIDENCES NOW?
After enduring four years of decline, the property developers finally have some good news. The URA reported an increase of 5.4 percent in the private residential property. This is now attracting property dealers from all over the world. As you all may know, Singapore is an island and land will always remain a scarce commodity that’s why the prices of these properties are bound to increase in the long term.
In Singapore residential market, the price gap between HDB versus the private residential market is widening. Base on DBS, it states that Bull Case would see Annual Pirvate Home demand of 17,250 units.
Base on our analysis, our projection for new home demand will come from
1) Household formation
2) Upgrader demand and
3) Foreigner purchases for investment.
The current eb-bloc craze has seen developers investing close to S$34 Billion into Singapore property market (S$26 Billion in en-bloc transactions and S$8 Billion into Government Land Sales (GLS) programmes. With a total of 6,500 households displaced, the near term demand over the next two years could rise above the historical norm.
Projected base Population Growth of 6.5 million by 2030 is expected to have a positive impact on Private Home Property Market as demand is projected to remain above historical average of 12,000 units per year.
Register HERE for a presentation to understand why the property market is heading towards an unstoppable uptrend.
Since Riverfront Residences new launch condos are currently under construction, it offers a great option for buyers who are still saving the money for the initial down payment. By facilitating buyers with a progressive payment schedule, installments can be made every few months. These small installments represent a much more accommodating and manageable mortgage. If you buy an investment property, you can easily find a tenant that will help you pay down the loan and mortgage. You will be buying the property at the best price if you get it directly from the developer.
After the purchase, you can resell the property at a higher price. This is great for young people who are looking to settle down in a good place. The great thing about Riverfront Residences new launch condominiums is that there is no asset depreciation. So, if you sell the condo just before its completion, you have a chance of acquiring a higher profit.
Buying an Riverfront Residences condo will prevent you from paying buyer’s commission because that will be paid by the developer. After each successful sale, the developer pays the agency which further pays the agents involved. The location of your condo will play a huge role in determining its value in the long run. You can also choose the unit you desire since Riverfront Residences is newly launched, but you will have to act fast because condominiums sell out pretty fast.
This is ideal for buyers who are very choosy and particular about what kind of home they want. You will have the opportunity of securing condos with better views which will eventually become very valuable on the open market. All you have to do is sign up and pre-register for the preview by contacting the developer’s marketing team members. To attract a lot of customers, property developers often offers many discounts and stamp duty reimbursements during the VIP and VVIP preview. All you have to do is choose your desired units, submit them with your cheque and leave the rest to the developer’s agent.
The developer’s marketing team will enlighten you regarding the all the particular details of the condominium such as the pricing, floor plan, etc. during this preview. The value of these condominiums automatically increases the moment the developer removes the early bird discounts. These discounts will be saving you a lot of trouble of negotiating with the seller as well.
Anyone who has invested so much in property would want to be relieved from any further tensions and look forward to enjoying their latest purchase. You will receive Riverfront Residences in brand new condition and can renovate it according to your taste and needs. Not that you’ll need any renovation because everything will be brand new and you will not have to deal with additional maintenance work.
But in case you face any issues in the condo, you won’t have to spend extra money to get it fixed because the developer offers you a one-year warranty on fixtures and fittings. The plus point about this Riverfront Residences will that you add your personal touch to it as everything will be according to your choice, and you will not have to deal with the previous owner’s choices. The Riverfront Residences also offer much better facilities than any other resale property.
Investing in an Riverfront Residences newly launched condo does mean that you will have to wait to enjoy the luxury, but one thing that will help you get through it is that the wait and money are going to be worth every second and penny.
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