Riverfront residences, a former HUDC Enbloc Rio Casa sitting in a mature Hougang estate. The former privatised HUDC has been sold for $575 million to a joint venture company Oxley Lian Beng Venture. The joint partners consists of KSH Development, Oxley Holdings, Lian Beng Group and Apricot Capital. An estimated differential premium of $208 million need to be top up for fresh lease and a gross plot ratio of 2.8. The new development with nice Sungei Serangoon river frontage will be redeveloped to 9 blocks of 17 storey apartments and 21 units of strata landed housing with 2 basements carparks.
It is located in Hougang Ave 7 near to Hougang MRT station and upcoming future cross island line running through Hougang MRT station. It is also seamlessly connected to KPE expressway to Marina Bay Sands or Town area.
Riverfront residences is close proximity to Hougang Mall, Hougang Green Shopping Mall, KangKar Mall, Punggol Community Club and Hougang Polyclinic. In the near future, there will be a 26km North Eastern Riverine loop that links four parks through the heartlands of Buangkok, Sengkang and Punggol. And continues in the rustic landscape of Punggol beach, Punggol Promenade and Lorong Halus Wetland.
Renowned schools such as Holy Innocent High School, CHIJ school, Serangoon Secondary School, Punggol Primary School, Yio Chu Kang Primary School, Hougang Primary School, Hougang Secondary School, Montfort Junior School and Montfort Secondary School within Riverfront Residences.
|Project Name||Riverfront Residences|
|Developer||Rio Casa Venture Pte Ltd|
|Description||Proposed residential development comprising 9 blocks of 17 storey and 21 units of Strata Landed Houses (Total 1472 units), 6 shops with 2 basement carparks, landscape deck and communal facilities.|
|Location / Address||Hougang Avenue 7|
|Tenure of Land||99 Years Leasehold|
|Site Area||36,811,10 sqm/ 396,234.68 sqft|
|Expected date of T.O.P||31 December 2024|
|Expected date of legal completion||31 December 2027|
|Total Units||1472 residential units|
|Car Park Lots||1474 carpark lots (inclusive retail 2, 21 lots Private Carpark for Strata Terrace and 9 handicapped lots)|
|Recreational Facilities||Full condominium facilities|
|Architect||ADDP Architects LLP|
|Unit Type||Size||Estimated Price Guide||Remarks|
|1 Bedroom||463sqft||From $578,000 onwards|
|1 Bedroom + Study||517sqft||From $648,000 onwards|
|2 Bedroom||603sqft to 614sqft||From $755,000 onwards|
|2 Bedroom Premium||721sqft||From $872,000 onwards|
|3 Bedroom||872sqft to 915sqft||From $1.07mil onwards|
|3 Bedroom Premium||1066sqft||From $1.26mil onwards|
|4 Bedroom||1140sqft||From $1.68mil onwards|
|4 Bedroom Premium (Private Lift)||1485sqft||From $1.79mil onwards|
|5 Bedroom Premium (Private Lift)||1679sqft||From $1.97mil onwards|
|Strata Terrace||2110sqft||From $2.35mil onwards|
- Located in mature Hougang estate
- Quality Developer with strong track record in both development and construction
- Near to nature and river frontage views
- Future improved connectivity to cross island line
- Government URA’s Masterplan for Hougang to create more jobs, enhance transport and greenery
- Relocation of Paya Lebar Airbase promotes better fresh air & environment
- First mover advantage as surrounding land sale prices goes up with aggressive bidding and enblocs
- Many type of sizes & efficient layouts available
- Fibaro Smart home system available for all units
- Free shuttle bus service to Hougang MRT
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