Riverfront Residences, an upcoming residential development by Oxley-Lian Beng Venture Pte Ltd—a joint venture comprising KSH Development, Oxley Holdings, Lian Beng Group, and Apricot Capital—promises to redefine urban living in District 19, Singapore.
Strategically located along Hougang Avenue 7, this development spans a generous site area of 396,234 square feet and is poised to offer approximately 1,400 residential units, ranging from one to five bedrooms. The site was previously occupied by the former Rio Casa, which consisted of 7 blocks with a total of 286 residential units.
The prime land at Hougang Avenue 7 has significant potential, with a Gross Floor Area (GFA) of around 1,109,447 square feet achievable under a plot ratio of 2.8. After factoring in the lease topping-up to 99 years and estimated development charges of approximately $208 million, the estimated land price comes to around $706 per square foot per plot ratio (PPR).
This new project is expected to cater to a diverse range of residents, with an average unit size of 750 square feet. Riverfront Residences is anticipated to generate strong interest, owing to its exceptional site attributes, including:
- A breathtaking 200-meter waterfront view along the Sungei Serangoon River, offering a tranquil setting for residents.
- Close proximity to key amenities, including Hougang MRT Station and the Bus Interchange, ensuring seamless connectivity.
- Adjacent to the Serangoon Park Connector, providing access to lush greenery and outdoor recreational opportunities.
- A favorable market outlook, as property experts do not foresee any new launches in the vicinity in the short to mid-term.
Riverfront Residences is set to become a sought-after address, combining modern living with natural beauty and convenience.
