On August 24, 2018, major property development firm KSH Holdings Limited (KSH) announced that it grabbed a contract worth $266.3 million to construct nine blocks each with 17-storey towers at the Riverfront Residences Singapore.
Riverfront Residences is a brand new condominium development located at 344 Hougang Ave 7, Singapore. The development site, earlier called as Rio Casa, was acquired by Oxley-Lian Beng Venture Pte Ltd for $575 million. Currently, the project is a joint venture between KSH Holdings Limited, Oxley Holdings, Lian Beng Group as well as Apricot Capital.
The condo project, which covers 36,811 sq meters of land area, comprises of total 1,472 exclusive residential apartments, six shops, two basement car parks, landscape deck as well as other communal facilities. Regarding project floor size, Riverfront Residences will comprise a mix of 1-5 bedrooms, and 21 strata landed houses to meet the varying demands of each resident.
Meanwhile, around 52 per cent of Riverfront Residences Rio Casa condos of 1,472 apartments have been sold successfully just within a month. A large number of buyers swamped in at the project after property cooling measures were declared on July 5.
KSH, which holds 35% shares in the condo project, had announced a letter of intent for the project’s construction in November 2017. And since August 2018, the firm has taken over the site possession and expected to start the construction work from November 2018 and complete it by February 2022.
Riverfront Residences offers a breathtaking riverfront view which will allow residents to enjoy views over the water as it flows down to the river right from the comfort of their condo. Moreover, they will also be able to welcome air of tranquillity, away from the hustle and bustle of busy city streets, along with the serene greenery.
Facilities offered at the condo:
Residents of the Riverfront Residences will be able to enjoy 92 top class facilities which any person would love to have in a modern home space. A few major lifestyle amenities residents will get to enjoy within the condo include three swimming pools, three pavilions and other luxurious facilities such as:
- Aqua gym.
- A resort cove, a botanic cove as well as a lifestyle cove.
- Outdoor TRX Fitness.
- Forest Cabana.
- Children’s rock climbing.
- Jogging track.
- Stream dining.
- Movie room.
Riverfront Residences sits in a neighbourhood which is well connected to several transport amenities. This will make it easy for residents to access the city as well as other major areas of Singapore. The project is located near Buangkok MRT, Hougang MRT as well as Kovan MRT stations. Moreover, the Hougang Bus Interchange is also located just above the Hougang MRT Station which helps in smooth connectivity to Hougang Town.
Entertainment and Shopping Malls:
The residential development’s location offers easy access to certain upscale malls such as Hougang Mall, The Midtown, Kang Kar Mall, Heartland Mall from where the residents can shop with ease. Moreover, a few malls are located at a 10 minutes distance from the site, and so the residents can go shopping as often as they want to.
Residents of Riverfront Residences will get several options when it comes to the education of their children. There are already lots of schools such as Holy Innocent’s Secondary School, Mustard Seeds Learning Centers, Monfort Junior School, etc. existing in the development’s neighbourhood. Moreover, most of them are located at less than 3 km away from the property.
Due to its opulent design as well as the location in District 19, a person would expect the selling price of Riverfront Residences per sq feet will be quite high. However, the Riverfront Residences price range between S$1,370 and S$1,580 per sq feet. Note that the price will vary based on the market sentiment.