The Riverfront Residences is a development located in Singapore. The development has a site area of 396,231 square feet and has a gross floor area of 1,109,446 square feet.
It is a leasehold development that has been there for 99 years and has a pricing of $578 thousand for a home.
Riverfront Residences Serangoon River District 19
The Riverfront Residences District 19 are located next to the Serangoon River that flows through the D19 district of the central Singapore area Its address is located at Hougang Avenue-7 and offers an amazing view of the 200 meters of river waterfront. The location is a top spot for a hub of activity as it is within walking distance to the nearby Hougang Bus-Station for public transport options. Also nearby is the Hougang M.R.T station.
Schools Near to Riverfront Residences Singapore
The following five schools: CHIJ (Our-Lady of the Nativity), Serangoon Junior-College, Holy-Innocent’s High School, Montfrod Junior-School and the Montford Secondary-School are all near to the residences. This could make for a good spot for potential families interested in moving to the local area.
These residences were formerly the Rio Casa-HUDC private estate before the residences were developed by a joint venture company, Oxley-Lian Beng Venture-Pte Ltd. The four partners that developed the residences are: KSH Development who are based in Singapore, Oxley Holdings who are based in the United Kingdom, the Apricot Capital-Group and the Lian-Ben Group from Singapore.
Between these four groups, the percent stake holdings are as follows: Apricot Capital owns 10 percent while Lian Beng owns 20 percent. 35 percent is taken by the Oxley Holdings and KSH development owns the last 35 percent. The development itself is said to be in a good region with a lot of interest, as no new developments have been launched, built or even re-built over the past few years.
Riverfront Residences Oxley Holdings
The residences themselves were bought for $575 million by the joint venture group from Rio Casa Enbloc. Besides this initial cost, there exists a $208 million cost for the land top up. It is estimated that around 1,400 units can be built on the plot of land.
The location of the Riverfront Residences is right in the prime of central Singapore. The location has good transport connections as well as having Hougang Transportation Hub nearby. The Hougang Mall is also another nearby location. The area is also home to the Kang Kar Mall and The Midtown.
The residences themselves are home to a guard house, an indoor gym, a club house, various sun decks, a tennis court, various different function rooms for events, a golf course, BBQ pits, playgrounds for children and even a huge swimming pool that spans 50m.