Riverfront Residences is a residential condominium, sits on a land area of 36,811 sqm. The land parcel used to be a privatized Housing and Urban Development Company (HUDC) and was formerly known as Rio Casa. It was sold collectively to Oxley-Lian Beng Venture Pte Ltd at $575 million. Riverfront Residences is anticipated to be the most attractive priced new launch in Serangoon and Hougang areas in 2018.
The total area covered by the project is 396,234 sq ft and a maximum permissible Gross Floor Area covered is 1.1 million sq ft. The expected date of legal completion is 2025 with a leasehold tenure of 99 years and it was previously En-bloc of Rio Casa, which was private HUDC estate.
Experience the fresh allure of Riverfront Residences. It is plan to develop into private residential blocks and villas of 1,472 units, ranging from 1 bedroom to 5 bedroom and villas / cluster house. Totally of 9 blocks of 16 storey condominiums, with 2 levels of basement car park for the residents. Majority of the units get to enjoy the captivating riverfront view. A cut above the rest, transcends private residences’ living experience to another level. With a plethora of over 100 facilities, every moments are filled with activities and entertainments for all ages.
Riverfront Residences sits on a land area of 36,811 sqm. The land parcel used to be a privatized Housing and Urban Development Company (HUDC) and was formerly known as Rio Casa. It was sold collectively to Oxley-Lian Beng Venture Pte Ltd at $575 million. 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.
Riverfront Residence is strategically located along Hougang Ave 7, District 19, Singapore.. Nestled within vibrant and mature neighborhood, surrounded by a plethora of lifestyle amenities, medical and educational facilities, major expressways, and transport links convenience with Hougang MRT Station, Kangkar LRT and Kranggung LRT Station.
Residents get to avail all the basic amenities needed by a household in its daily life. You have the opportunity of availing latest amenities associated with luxury living. Right from proximity to top schools and education institutions, to commercial complexes for quick marketing, residents get the opportunity to avail all modern day facilities. You can go for dining with your family or enjoy a day out with your loved ones at the nearby malls and entertainment zones for absolute relaxation. Going to offices isn’t a big deal with easy access to all the transport modes and you can also quickly reach hospitals for treating emergency medical conditions.
Another great feature of this site is the fact that it is closely located to the MRT stations like Hougang MRT, Buangkok MRT and Kovan MRT. Future residents will be able to travel with the convenience transport facilities around Riverfront Residences.
- Hougang Festival Market
- Hougang Green Shopping Mall
- myVillage @ Serangoon Gardens
- Greenwich V
Bus Interchange & MRT
- Hougang MRT
- Kangkar LRT
- Kranggung LRT
- Serangoon Secondary School
- Chij Our Lady of The Nativity
- Holy Innocent’s High School
- North Vista Secondary School
- Punggol Primary School
- Serangoon Junior College
Including a guard quarter, a club house, a community hall to organize various functions and social gatherings, an indoor gym with all the state of the art facilities, tennis court, 100 m swimming pool, sun deck, multiple BBQ pits, and playgrounds for kids. There are multiple entertainment facilities for every member of the families, who belong to different age group.
Oxley-Lian Beng Venture Pte Ltd
Riverfront Residences (former Rio Casa) is developed by reputable developer Oxley-Lian Beng Venture Pte Ltd, a joint venture by KSH Development, Oxley Holdings, Lian Beng Group and Apricot Capital.
Oxley Holdings Limited (“Oxley” or “the Group”) is a home-grown Singaporean property developer. Oxley is principally engaged in the business of property development and property investment. Since its inception, the Group’s accelerated growth has resulted in a burgeoning presence both locally and overseas. It now has a presence across twelve geographical markets.
Joint venture developer
KSH Holdings Limited (“KSH” or the “Group”) (“金成兴控股有限公司”) is a well-established Construction, Property Development and Property Investment group that was incorporated in 1979 and has been listed on the Mainboard of the SGX-ST since February 8, 2007.
KSH is an A1-graded contractor under BCA CW01, with the ability to tender for Public Sector Construction projects of unlimited value, and is a main contractor for both the public and private sectors in Singapore. The Group also has an A2 grade under BCA’s CW02 category for civil engineering, allowing KSH to tender for Public Sector projects for values of up to $85 million.
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Private Residential Property
Rio Casa Venture Pte Ltd Joint venture between Oxley Holdings Limited, KSH Holdings Limited, SLB Development Ltd and Apricot Capital
Hougang Ave 7, Singapore
99-Year Leasehold from 31 May 2018
|Expected T.O.P / Expected Legal Completion|| |
31 Dec 2027
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20 Mins (Approx) drive to CBD, Marina Bay Financial Centre Via KPE
Proximity to Heartland Mall, Hougang Mall and NEX Shopping Mall
Integrated Transport Hub at Hougang promises a life of easy connectivity and opening of cross-island line in 2030
Good Schools nearby including Holy Innocents’ High School & CHIJ Our Lady Of the Nativity
Strong tenant base
Nearby business zones such as Lorong Halus & Defu Industrial Parks, Punggol Creative Cluster and more
Long-term upside potential
The shift of Paya Lebar Air Base to Changi and Tengah over next 20 to 30 years. Freeing up 800 hectares of land for other uses.
A Leisurely stroll away from the Vibrant Punggol Park
Fronting the scenic Sungei Serangoon along the Serangoon Park Connector