Riverfront Residences Price
- Updated 9 March, 2021
You are now looking at one of the most popular and budget friendly new launch condominium in the whole of Singapore’s market!
Strong sales for this development has seen more than 1300 units being decisively bought by buyers since it’s launch in July 2018, mainly because the entry prices and psf here are among the lowest one can get in the market today.
Already more than 90% sold, is this development still worthwhile to look at?
What exactly is Riverfront Residences price point now?
Riverfront Residences price now starts from $823k for a 1 + study unit at 517sqft and it’s 3 bedroom units are one of the cheapest in the market at $1.200m. The average PSF ranges about $1300 to $1400psf for most of the remaining available units.
Updated Riverfront Residences Price List
Unit Type | Price Fr | SQFT | PSF |
|---|---|---|---|
1 Bedroom | Fully Sold | – | – |
1 + Study | $823k | 517 | $1592 |
2 Bedroom | $982k | 689 | $1425 |
2 + Study | Fully Sold | – | – |
2 Premium | $1.007m | 721 | $1397 |
3 Bedroom | $1.200m | 872 | $1376 |
3 Premium | $1.443m | 1109 | $1301 |
4 Bedroom | $1.796m | 1410 | $1274 |
4 Premium | $1.962m | 1485 | $1321 |
5 Bedroom | Fully Sold | – | – |
Strata Landed | $2.447m | 2110 | $1160 |
- Prices updated on 9 March, 2021
Riverfront Residences Promotions and Discounts
- Previous Promotion is Over. Do check back regularly for New Discounts!
- 2% Discount Still Available for Limited Time!
- Promo Savings up to $41,600!
- $20k Discount for All 2+Study Units in Selected Stacks!!
* Prices and Discounts indicated here are subject to developer changes. Please check with us to be sure.
Balance Units and Developer Announcements
- 1 Bedroom Units Fully Sold!
- Final Unit of 1 + Study!
- Final 4 Units of 2 Bedroom!
- Final Unit of 2 Bedroom Premium!
- Final 3 Units of 3 Bedroom Premium!
- Final 116 Units to Selling Out!
Riverfront Residences Project Details
Sitting on a rare river facing land plot in Hougang, Riverfront Residences introduces an all new level of Premium Waterfront Living.
Launched in Jul 2018, this development has been beautifully planned out by award winning architect ADDP, perfectly blending the magnificent land site amidst a panoramic backdrop of river streams and fields of greenery.
Enjoy spectacular river views, yacht deck inspired balconies and over 100 facilities and 3 iconic clubhouses to relax in.
Project Info and Fact Sheet
Project Name | Riverfront Residences |
|---|---|
Address: | Hougang Ave 7 |
Developer: | Oxley Holdings (Joint Venture) |
Tenure: | 99 Years fr May 2018 |
Est. TOP: | 2024 (Q4) |
No. of Units: | 1472 Residential, 6 Shops |
Unit Types: | 1 to 5 Bedroom Apartments, Strata Landed Houses |
Building Type: | 9 Blocks of 17 Storey Apartments |
Carpark Lots: | 1483 Lots |
Site Area: | 396,230sqft |
Plot Ratio: | 2.8 |
District No.: | 19 |
Unit Types and Sizes
Unit Type | Size (sqft) | Total Units |
|---|---|---|
1 Bedroom | 463 / 517 / 581 | 281 |
1 + Study | 517 / 635 | 202 |
2 Bedroom | 603 / 614 / 689 / 721 / 732 | 262 |
2 Premium | 721 / 753 / 861 | 168 |
3 Bedroom | 872 / 915 | 232 |
3 Premium | 1066 / 1109 | 204 |
4 Bedroom | 1410 | 34 |
4 Premium | 1485 / 1496 | 51 |
5 Bedroom | 1679 | 17 |
Strata Landed | 2110 | 21 |
Monthly Maintenance Fees (Estimated)
The maintenance fee here at Riverfront Residences is one of the cheapest you can find among all the new launches in Singapore! So what are the maintenance fee the different unit types?
Riverfront Residences monthly maintenance fee starts from only $159 for it’s 1 bedroom units, and the 2 bedroom, 3 bedroom and 4 bedroom units are having a maintenance fee of just $193 to $226.
This is exceptional value especially for investors looking to rent out their investment properties here.
Unit Type | Share Value | Monthly Fee |
|---|---|---|
1 Bedroom | – | $159 |
2 Bedroom | – | $193 |
3 Bedroom | – | $193 |
3 Premium | – | $226 |
4 Bedroom | – | $226 |
5 Bedroom | – | $257 |
Strata Landed | – | $257 |
* The estimated monthly maintenance fees are currently indicative, and may be subjected to changes.
Bonus – Pricing Info Analysis for Investors:
Riverfront Residences Land Price
Land Price – $706psf ppr
Riverfront Residences site was acquired by a Oxley Holdings led consortium under a collective sale back in May 2017. This site was the former privatised HUDC estate – Rio Casa, which consisted of only 286 apartment and maisonette units.
Spanning over a large plot of land, what was the land price paid by the developer to win Riverfront Residences land site?
Oxley Holdings and it’s partners secured the site for Riverfront Residences in an en-bloc deal worth $575 million. After adding in an estimated differential premium of $208 million to top up the lease of the site back to 99 years, the total land cost of $783 million translates to about $706psf ppr (per plot ratio).
Fomer Rio Casa HUDC En-Bloc
In May 2017, the former privatized HUDC Rio Casa finally went under the hammer and was successfully acquired by an Oxley Holdings led consortium.
Sitting on a highly desirable river facing land plot in Hougang Ave 7, Rio Casa consisted of 286 apartment and maisonette units, spanning 7 blocks over a large plot of land.
And for such a rare plot of land with massive 200m frontage of river front views, each owner of the ex-Rio Casa received around $2 million payout for the successful collective sale, making up to the land cost of Riverfront Residences to about $706psf ppr.
Nonetheless, this effectively is still one of the new launch condos in the market with the lowest land rate, and the developer has used this advantage to price units here to be affordable for many home buyers.
Riverfront Residences Land Cost Vs Other Developments
Here’s the land cost comparison of Riverfront Residences against its other nearby competitor developments:
Project | Land Price (psf ppr) | Location |
|---|---|---|
The Woodleigh Residences | $1181 | Woodleigh |
Park Colonial | $1110 | Woodleigh |
The Garden Residences | $964 | Serangoon North |
Sengkang Grand Residences | $923 | Buangkok |
The Florence Residences | $842 | Hougang |
Affinity at Serangoon | $835 | Serangoon North |
The Tre Ver | $797 | Potong Pasir |
Jadescape | $747 | Shunfu |
Riverfront Residences | $706 | Hougang |
Riverfront Residences Location
Located in Hougang Ave 7, Riverfront Residences fronts the stunning Sungei Serangoon Park Connector, commanding breathtaking unblocked views and offering premium waterfront living in a very serene environment.
But even with it’s serene environment and unblocked river views, convenience and connectivity are also not sacrificed in this matured housing estate.
Being just a 8-10 minutes walk away, this development is also strategically one of the private condominiums closest to Hougang MRT and Hougang Mall.
And with all the strong upcoming rejuvenation plans being earmarked in Hougang, staying in this location is going to get even better in time to come.
Nearby MRT Station/s and Lines
MRT Station | Walk Time | Est. Distance |
|---|---|---|
Hougang | 10 mins | 800m |
Defu (u/c) | 11 mins | 900m |
Riverfront Residences is blessed to be within 10 stroll to Hougang MRT Station.
And connectivity here is set to get even better with the upcoming Cross Island Line that will see Hougang MRT Station become an interchange station. By 2030, there’ll be 2 MRT lines to choose from, and connectivity will be excellent!
And if you are feeling lazy, the door step bus-stop will take you into Hougang Interchange in 10 minutes too!
Nearby Malls and Amenities
- Hougang Mall
- The Midtown
- Heartland Mall
- Hougang 1
- NEX
- Compass One
- myVillage (Serangoon Gardens)
Nearby Popular Schools
Parents with school-going children will be pleased to know that Hougang has plenty of desirable schools to offer.
So, what are the popular schools near Riverfront Residences? Here’s the list:
- Holy Innocents Primary School
- CHIJ Our Lady of Nativity
- Montfort Junior School
- Holy Innocents High School
- Serangoon Secondary School
- Montfort Secondary School
Leisure and Recreation
There are plenty of large communal activities for Riverfront residents to indulge on, without having to travel too far away. Here are the notable ones:
- Serangoon Park Connector
- Cooney Island
- Serangoon Gardens
- Wheeler’s Estate
- Punggol Settlement
- Hougang Stadium
- Kovan Sports Centre
Location Potential
Cross Island Line
Image Source – LTA
Scheduled to be completed by 2030, the upcoming Cross Island Line is set to transform transport connectivity in Hougang. Spanning from eastern Singapore at Loyang, this ambitious MRT line has been earmarked to eventually end in the western part of the Singapore. When fully completed, travel time from the north-east to the west will be significantly improved.
Riverfront Residences is just mere minutes walk away from Hougang MRT Station, which has been confirmed to become an interchange station between the existing North-East Line and the upcoming Cross Island Line. This is massive potential, as the MRT effect may well easily drive up property value and demand here!
Integrated Development in Hougang Central
Already announced in the government’s masterplan, a new integrated transport hub will be developed at Hougang MRT station. Coinciding with Hougang MRT station being set to become an interchange station, this upcoming integrated development with residential and commercial component will definitely set a high bar in property buyer’s interest.
Over at Buangkok MRT station today, the new launch integrated development – Sengkang Grand Residences is already being transacted at an average of between $1700-$1800psf. And the future integrated development at Hougang is certainly going to see higher prices and psf.
This presents a huge potential window in the current Riverfront Residences prices.
The land cost between The Florence Residences and Sengkang Grand Residences can also be compared here.
Massive Industrial and Commercial Estates Rejuvenation
Two exciting industrial estate/park rejuvenation and development is also set to lock more investment potential for Florence Residences owners.
Concrete plans has been announced in the URA Masterplan to envision a next-generation industrial park in the upcoming Lorong Halus Industrial Park, which is merely a stone’s throw away from Florence Residences. Over 100 hectares in size, this future industrial park will be developed to become a major employment centre and provide more jobs closer to homes in the north-east.
The existing next door Defu Industrial Park is also set to be progressively revitalised into a modern industrial park with new complexes being developed, and will look to house various strategic high-tech industries.
Facilities and Homes
Designed by award winning architect ADDP, the extensive landscaping and host of luxurious facilities perfectly compliments the premium waterfront living that residents gets in this development.
With 3 iconic clubs, 3 swimming pools and plenty of lifestyle facilities to indulge in everyday, you’ll always be kept delighted right at home.
Here are some of the facilities you can look forward to:
Riverfront Residences Facilities
- 75m River Pool
- Spa & Jacuzzi Pools
- Lush Landscaping & Gardens
- Broadwalk / Garden Trails
- Gym & Fitness Facilities
- 400m Jogging Track
- Gourmet / Alfresco Pavilions
- Club Houses & Function Rooms
- Kids Pools & Playgrounds
- Tennis Court
Spacious and Efficient Homes
Luxurious and quality homes are what residents can look forward to.
Adopting a non PPVC construction, apartment owners here will be able to have more flexibility in their future layout changes.
For a start, luxurious finishes and quality fittings is what every brand new unit will see.
Here’s what you can expect:
- Quality Branded Appliances and Fittings – Electrolux & Grohe
- Quartz Kitchen Counter Top
- Premium Porcelain Tiles / Vinyl / Timber Floorings
Riverfront Residences Virtual Tour
360 Virtual Showflat:
Experience Riverfront Residences yourself by viewing the Showflat today.
* Please note that Covid-19 safe-distancing policies are still in place. Kindly register/book your visit with us prior to your visit.
Riverfront Residences Showflat Location
The showflat of this development is not exactly located at where the actual site is. However it is not too far away.
So where is Riverfront Residences showflat located at?
Riverfront Residences Showflat is located along Upper Serangoon Crescent, which can be reached via Upper Serangoon Road. To drive in, the carpark entrance is just directly opposite Riversails Condominium. Those coming by MRT, will need to take a 10 minutes bus ride from Hougang Interchange.
Here’s the map of the showflat location:
Riverfront Residences Developer
Riverfront Residences is developed by a consortium of the following developers: Oxley Holdings, KSH Holdings, Lian Beng Group, Apricot Capital and Heeton Holdings.
Oxley Holdings will lead the development with them holding to a 35% stake, with the remaining stakes distributed among the other stakeholders.
Oxley Holdings is a veteran in the property developing market, both locally and internationally. Their international market consists of countries namely: United Kingdom, China, Australia, Malaysia, Indonesia and Vietnam, just to name a few.
Being one of the largest homegrown developer, Oxley Holdings is listed on the SGX Mainboard and with a track record of more than 8000 completed residential units under their belt, there’s plenty of assurance that buyers will be getting quality homes.
In 2018, they held the largest land bank in Singapore. Based on the number of dwelling units, they had 4000 units! A result of their very successful en-bloc acquisition streak.
Current Ongoing Projects:
- Riverfront Residences – former Rio Casa
- Affinity at Serangoon – former Serangoon Ville
- Kent Ridge Hill Residences – former Vista Park
- Mayfair Gardens & Mayfair Modern – former Mayfair Gardens
- The Addition (Fully Sold) – former Apartment 8
- Parkwood Residences – former Toho Green
- Sixteen35 Residences
- 1953
- Sea Pavilion Residences (Fully Sold)
Some Notable Past Completed Projects:
- The Midtown & Midtown Residences
- Newest
- The Promenade @ Pelikat
- The Rise @ Oxley
- Flora Vista
- The Flow
- Devonshire Residences
- Robinson Square
- Oxley Bizhub
- T Space
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