is a brand new condominium development at Hougang Avenue 7, District 19. This river facing project is the former Rio Casa HUDC that was sold collectively to Oxley-Lian Beng Venture PTE LTD in an en bloc deal for $575 million.
Bearing a permissible gross floor area (GFA) of approximately 1,109,447 square feet, Riverfront Residences condo is potentially allowed to redeveloped to about 1400 residential units basing on an average size of 65 square meters each. The joint venture for this $1.4 billion development comprises of Oxley Holdings which holds a 35% stake, KSH Holdings which also holds another 35%, Lian Beng Group at 20% and Apricot Capital at 10%. Based on the land costs and other factors, it is expected that the Riverfront Residences price will be in the range of $1400 to $1600 psf.
All buyers should view the Riverfront Residences showflat.