Image not available

    Sale SGD 691,000

    Blk 41, Hougang Avenue 7, 533813 District 19

    • Built-up : 581 sq. ft.
    • Land area : -
    • 1
    • 1

    Riverfront Residences

    Project Name: RiverFront Residences
    
    Developer: Oxley Holdings Ltd
    
    Address: Hougang Avenue 7
    
    Tenure: 99years
    
    TOP: TBA
    
    District: D19
    
    Site Area 1,100,000sqft
    
    Total Blks: 9
    Highest Storey: 17
    Total Facilities: 101 (include 3 Unique Coves, 3 Clubhouse, 3 Swimming Pools, 3 Holiday Villa Style Pavilions with Tennis Court)
    Units breakdown
    ▪Type (sqf) / Total units
    🔹1br (463-581) / 281
    🔸1+S (517-635) / 202
    🔹2br (603-689) / 262
    🔸2br Premium (721-861) / 168
    🔹3br (872-1087) / 232
    🔸3br Premium (1066-1292) / 204
    🔹4br (1410-1625) / 34
    🔸4br Premium (Pte Lift) (1485-1711) / 51
    🔹5br Premium (Pte Lift) (1679-1905) / 17
    🔸Strata Terrace (4br, Pte cp) (2109) / 21
    ▪Shops (603)/ 6
    ▪Total Residential: 1472 units
    New Launch Condo @ Hougang Avenue 7, is sitting on the plot of land formerly a HUDC estate Hougang Avenue 7, known as Rio Casa.
    
    During the en-bloc exercise in April 2017, Rio Casa was sold to consortium comprising Oxley Holdings, KSH Holdings, Lian Beng Group and the private investment firm of Super Group’s Teo family at $575 million.
    
    The former Rio Casa @ Hougang Avenue 7, was a development with 7 blocks and a total of 286 residential units. The Site at Hougang Avenue 7, has a total area of 396,234 sqft of prime land, which can be maximized to provide a Gross Floor Area (GFA) of about 1,109,447 sqft at plot ratio of 2.8.
    
    After considering the toping up of lease to 99 years and development charges, which could be around $208 million, the estimated land price would work out to be around $706 per sqft PPR based on the maximum GFA of 1,109,447 sqft.
    
    The new project @ Hougang Avenue 7, could potentially yield about 1,400 residential units, base on an average of 750 sqft per unit.
    
    New Launch Condo @ Hougang Avenue 7 is expect to garner strong interest due to many positive site attributes such as:
    
    – Enjoys a 200m meters water front view along the Sungei Serangoon River.
    
    – Close proximity to amenities such as Hougang MRT Station, Bus Interchange.
    
    – Right next to Serangoon Park Connector, surrounded by vast greenery.
    
    – Property experts do not expect any new launch in the vicinity within short to midterm.
    
    Call 81771313 for Enquire!

    Property Details

    Building Name:
    Riverfront Residences
    QuickPro No:
    IPL20025929
    Property Type:
    Condominium
    District:
    District 19
    Tenure:
    99 Years
    Built-up:
    581 sq. ft.
    Asking Price (PSF):
    SGD 1189.33
    Bedrooms:
    1
    Bathrooms:
    1