Riverfront Residences News And Updates
- Riverfront Residences 1 bedroom starting from an unbelievable $578K!
- Riverfront Residences Show Gallery Preview On 23rd June. Have you registered for your VVIP Pass yet?
- Rio Casa winning bid shows developers hungry for land
Riverfront Residences is jointly developed by Oxley Holdings, Lian Beng Group, KSH Holdings and Apricot Capital, and is located in District 19, Hougang Ave 7. Riverfront Residences location is accessible through the nearest train stations such as Hougang MRT(NE14), Ranggung (SE5), and KANGKAR LRT STATION. The nearest primary schools are Chij Our Lady Of The Nativity, Holy Innocents’ Primary School, and Punggol Primary School.
This new project is close to amenities like Giant(Hougang Plaza), NTUC FAIR PRICE (HOUGANG LIFESTYLE MALL), and Giant (Compassvale Bow). The closest shopping malls are THE MIDTOWN, Eastpoint Mall, and Hougang Mall.
Riverfront Residences Estimated Cost
Rio Casa, a 286-unit development located at Hougang Avenue 7, has been sold collectively to Oxley-Lian Beng Venture Pte Ltd for $575 million.
The sale price, coupled with an additional estimated differential premium of $208 million payable to the State to top up the lease to a fresh 99 years, and to develop the site to a gross plot ratio (GPR) of 2.8, translates to a land price of approximately $706 per square foot per plot ratio (psf ppr), based on the maximum permissible Gross Floor Area (GFA) of approximately 1,109,447 sq ft. With the inclusion of a 10% bonus balcony and a proposed plot ratio of 3.08 (2.8 + 10% balcony), the land price works out to approximately $669 psf ppr, subject to the authorities’ approval.
Rio Casa currently comprises seven residential blocks of 286 apartment and maisonette units with a site area of 36,811.1 sqm (approximately 396,231 sq ft). Under the Master Plan 2014, the site is zoned “Residential” with a GPR of 2.8 and has more than 200 metres’ frontage of riverfront and greenery views. Rio Casa was originally built in the mid-1980s by the Housing and Urban Development Company (HUDC), a unit of the Housing Development Board, and was later privatised in 2014.
Riverfront Residences Location @ Hougang Ave 7
Riverfront Residences, given its positive site attributes – vast surrounding green spaces with a calming waterfront view of Sungei Serangoon river, proximity to Serangoon Park Connector, and easy accessibility to Hougang MRT station and bus interchange, with further transport connectivity in the pipeline following plans for the upcoming Integrated Transport Hub at Hougang Central to be completed by 2023. In addition, there is no new launch expected in the immediate vicinity, in the short to medium term.
“The gross development value for this project is estimated at $1.4 billion and can potentially be redeveloped to build about 1,400 residential units, assuming an average size of 70 sqm per unit.”
Riverfront Residences Accessibility
Although Riverfront Residences which is situated along Hougang Ave 7 is not within comfortable walking distance of Hougang MRT, it is only a 5-minute drive or 10-minute bus drive away. From Hougang MRT, it takes just over 20 minutes to get to the CBD. There are 2 bus routes that take you to the station, as well as a shuttle service that takes residents of Riverfront Residences straight to Hougang Central. Heartland, Fernvale and NEX malls are all within a short drive or bus ride from the development, offering a good range of retail and F&B choices. For drivers, the KPE is just 2 turns away. KPE connects to the TPE (Tampines), Pasir Ris and Changi. And in the other direction, KPE takes you to the CBD and Marina Bay Financial Centre via the MCE or CTE, both of which will take about 20 minutes.
Riverfront Residences Indicative Starting Price
|Type||Size (sqft)||Price Starting From||PSF|
|1 Bedroom||463||$ 578,000||$ 1,248|
|1 + Study||517||$ 648,000||$ 1,253|
|2 Bedroom||603||$ 755,000||$ 1,252|
|2 Bedroom||614||$ 765,000||$ 1,246|
|2 Bedroom Premium||721||$ 872,000||$ 1,209|
|3 Bedroom||872||$ 1,070,000||$ 1,227|
|3 Bedroom||915||$ 1,118,000||$ 1,222|
|3 Bedroom Premium||1066||$ 1,260,000||$ 1,182|
|3 Bedroom Premium||1109||$ 1,290,000||$ 1,163|
|4 Bedroom||1410||$ 1,680,000||$ 1,191|
|4 Bedroom with private lift||1485||$ 1,790,000||$ 1,205|
|5 Bedroom||1679||$ 1,970,000||$ 1,173|
|Strata Terraces||2110||$ 2,350,000||$ 1,113|
Riverfront Residences Price List is given by developer and acts as an indicative/reference only. Prices are subject to changes without prior notice. Early bird discount may apply during preview.
Riverfront Residences Amenities and Schools
Dining near Riverfront Residences:
- Divine Vegetarian Family Restaurant
- 805 Seafood Kitchen
- 78 Seafood
- Hong Kong Sheng Kee Noodle House
Shopping near Riverfront Residences:
- Heartland Mall
- Fernvale Mall
Schools and Education within 1km from Riverfront Residences:
- Punggol Primary School
- Serangoon Secondary School
- CHIJ Our Lady of the Nativity
- Holy Innocents’ Primary School
Schools and Education within 2km from Riverfront Residences:
- Montford Junior School
- North Spring Primary School
- North Vista Primary School
- Palm View Primary School
- Seng Kang Primary School
Hougang Transformation Coming Your Way
North Eastern Riverine Loop
Riverfront Residences Project Summary
|Project Name :||Riverfront Residences|
|Developer :||Rio Casa Venture Pte Ltd
Joint venture between Oxley Holdings Limited, KSH Holdings Limited, SLB Development Ltd and Apricot Capital
|Land Area :||396,234.68 sqft|
|Tenure of Land :||99-Year Leasehold from 31 May 2018|
|Address :||Hougang Ave 7|
|Project Description:||9 BLKS OF 17-STY APTS & 21 UNITS OF STRATA LANDED HOUSES (TOTAL:1472 UNITS), 6 SHOPS WITH 2 BASEMENTS CARPARKS, LANDSCAPE DECK & COMMUNAL FACILITIES. MK22 ON LOT 09693T HOUGANG AVENUE 7(HOUGANG PLANNING AREA)|
|Expected Date Of Vacant Possession :||31 Dec 2024|
|Expected Date Of Legal Possession :||31 Dec 2027|
|Project Architect :||ADDP Architects LLP|
|Landscape Architect:||Ecoplan Asia Pte Ltd|
|Total No. of units :||1472|
About Riverfront Residences Developers
Oxley Holdings Limited
The Group has a diversified portfolio comprising development and investment projects in Singapore, the United Kingdom, Ireland, Cyprus, Cambodia, Malaysia, Indonesia, China, Myanmar, Australia, Japan and Vietnam. Oxley’s expertise does not lie solely in property development; the Group also renders project management and consultancy expertise in Myanmar.
Oxley Holdings’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. With a keen grasp of market sentiments and trends, Oxley has achieved remarkable growth since its inception.
As part of its strategic expansion, the Group has also entered into partnerships with reputable local and overseas developers as well as business partners. In 2013, the Group acquired a 20% stake in Galliard (Group) Limited, a leading property developer in the United Kingdom. Galliard (Group) is a property development, hospitality and management group overseeing a wide variety of developments across London and Southern England. Since then, Oxley Holdings has also acquired a 40% stake in Pindan Group Pty Ltd, an integrated project group based in Western Australia, and a 15% stake in United Engineers, a Singaporean property development and engineering company that was founded in 1912.
Lian Beng Group
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.
Beyond construction, Lian Beng is also engaged in other construction related activities. These include the provision scaffolding and engineering services, supply of ready-mix concrete, leasing of equipment and machinery, reinforcement bar fabrication and training of foreign construction labour. The Group also engages in property development, albeit on opportunistic bases, and usually with joint-venture partners.
KSH Holdings Limited
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 had won several BCA Construction Excellence Awards including that for Fullerton Bay Hotel and NUS University Town’s Education Resource Centre in 2013 and Madison Residences in 2014, amongst others.
Through strategic alliances and joint ventures, 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. It will continue to explore opportunities in new geographies with favourable real estate cycles with a focus on Southeast Asia.
On the Property Investment front, the Group invests in yield-accretive assets that generate a sustainable stream of income with potential capital gains. Its investments include strata units in a 30-storey Grade A office development, Prudential Tower in Raffles Place, and a 36-storey retail and office complex, Tianxing Riverfront Square, in the heart of the business district of Tianjin, PRC.
The Group seeks to continue broadening its businesses and projects, and exploring opportunities in new markets while striving towards sustainable growth to enhance shareholder value.
Peter is the Managing Partner of Apricot Capital. He also serves as President and CEO of Wernau Asset Management. Since starting Wernau Asset Management in 2003, Mr Wernau has co-founded several other complimentary active companies including Back Bay Mortgage Brokers LLC and Dartmouth Street Ventures.
Jennifer is a Co-founder of Apricot Capital. She is also a Co-founder of Adelphic. Jennifer was a core team member of Quattro Wireless (acquired by Apple), m-Qube(acquired by VeriSign) and(acquired by SBC Communications) and has also worked as a management consultant with several public corporations. Jennifer is a mentor at 500 Startups and TechStars.
- New Condo Sales At District 19
- Singapore Property Cooling Measures
- Additional Buyer Stamp Duty (ABSD)
- Seller Stamp Duty (SSD)
- Singapore Mortgage Loan-to-Value Ratio (LTV)
- Progressive Monthly Mortgage Payments For New Purchase
- Direct Developer Price
- Friendly and Professional Sales Staff
- Discounts and Priority
- Up-to-date Information
- Ability To Handle Special Requests
Project Name: Riverfront Residences
Address: Hougang Ave 7
No. Of Units: 1472 units
Tenure of Land: 99 years
Developer: Rio Casa Venture Pte Ltd
Est. Date Of Vacant Possession: 31st Dec 2024
Est. Date Of Legal Completion: 31 Dec 2027
Developer: Rio Casa Venture Pte Ltd Joint venture between Oxley Holdings Limited, KSH Holdings Limited, SLB Development Ltd and Apricot Capital • Developer’s Licence No: C1253 • Tenure Of Land: 99-Year Leasehold from 31 May 2018 • Encumbrances On The Land: Mortgage in favour of UOB for project account number 451-308-246-5 OF RIO CASA VENTURE PTE. LTD. • Expected Date Of Vacant Possession: 31 Dec 2024 • Expected Date Of Legal Completion: 31 Dec 2027