The development of 286 units at Hougang Avenue 7 was sold at $575 million for the Oxley-Lian Beng Venture Pte Ltd. New condo @ Hougang Avenue 7 ( former Rio Casa ) is planned to develop with a gross plot ratio (GPR) of 2.8 and translates to a land price of approximately $706 psf ppr.
Riverfront Residences is currently home to 7 residential blocks of 286 apartments and maisonette units on the site area of approximately 396,231 sq ft ( 36,811.1 sq m ). More than 80 pecent of owners gave their agreement to the en bloc sale in April 2017. Each owner is set to get a gross sale price of approximately $2 million.
New Launch at Riverfront Residences
Riverfront Residences is expected to draw a strong interest. The boons of new Hougang Avenue 7 Ownership are the close proximity to Serangoon Park Connector, vast surrounding green spaces with a calming waterfront view.
In addition, the new Rio Casa Condo also enjoys the easy accessibility to Hougang MRT station and bus interchange, with further transport connectivity in the pipeline following plans for the upcoming Integrated Transport Hub at Hougang Central to be completed by 2023.
In the short to medium term, there is no new launch expected in the immediate vicinity but the new launch Riverfront Residences (former Rio Casa) @ Hougang Ave 7. If you are interest in the upcoming condo by Oxley-Lian Beng, please leave your message in the form and we will get back as soon as possible.