Over 7,000 visited Riverfront Residences showflat

Buyers rushing to avoid property curbs led to 55% surge in July home sales
Propelled by buyers rushing to purchase private condos hours before the new property curbs took effect on 6 July...

Crowds braved the rain for the opening of Riverfront Residences over the weekend.

More than 7,000 people visited the Riverfront Residences showflat, a 1,472-unit residential project with six retail shops in Hougang Avenue 7, after it opened for preview over the weekend (23-24 June).

“The response has been very encouraging and the crowd was especially strong on Saturday despite the heavy downpour,” said a spokesperson for the Oxley-led consortium developing the project.

“Due to the overwhelming response, we will be opening the showflat on weekdays and this coming weekend for those who may have missed visiting this project due to the June holidays.”

More: Oxley Leapfrogs CDL As Singapore’s Largest Developer

The 99-year leasehold condominium is situated on the former site of Rio Casa, which was acquired last May through an en bloc sale valued at $575 million.

Buyers can choose from one- to five-bedroom apartments from 463 sq ft to 1,905 sq ft, along with four-bedroom strata terrace houses measuring 2,109 sq ft.

Prices range from $578,000 for the one-bedders to $1.97 million for the five-bedders, with the strata terrace houses going for $2.35 million each.

Expected to be completed by 2024, the project has a large land area of about 396,231 sq ft and a plot ratio of 2.8, enabling the developers to build over 100 facilities.

These include three clubhouses each with different amenities such as a co-working and study space, a gym and KTV/movie room, and a fully-equipped kitchen. The developers also teamed up with bicycle-sharing platform OBike to provide residents with dockless sharing bikes.

In addition, there is a park connector in front of the project that links to the nearby Punggol Park.

Oxley intends to officially launch Riverfront Residences in July following the launch of Affinity at Serangoon earlier this month, which saw 112 of the 300 units released sold at an average price of $1,575 psf.

Looking to buy a property? Read our step-by-step guide to buying a condo.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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