riverfront residences Hougang Ave 7 Last updated on 2018 August 02 02:08
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About Riverfront Residences Condo
Riverfront Residences (Former Rio Casa) is an upcoming residential development by Oxley-Lian Beng Venture Pte Ltd, a joint venture between KSH Development, Oxley Holdings, Lian Beng Group and Apricot Capital.
Strategically located along Hougang Avenue 7, District 19, Singapore, the development has a site area of 396,234 sq ft, and comprises 1,400 one to five bedroom units.
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.
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