Project Review:
Riverfront Residences
Is it a good buy or bad buy?
Market View
The developer for Riverfront Residences is a joint venture company, Oxley-Lian Beng Venture.
My personal review regarding the launch will be given which covers all the essential perspectives.
Riverfront Residences is an upcoming residential development that is located along Hougang Avenue 7, North East Region of the island.
The project was launched in June 2018.
Details about the development
The brand new condominium i.e. Riverfront Residences acquired by Oxley Holdings is a 36,811 square metres site located along Hougang Avenue 7, North East Region of the island.
The 1472-unit private condominium on Hougang Avenue is Singapore residential project by Oxley Holdings is a multiple award-winning developer and a public listed home-grown Singaporean property developer.
Oxley Holdings Limited’s key business are in the Development of premium property and investment of property.
Oxley’s portfolio of properties can be found across 9 countries including the United Kingdom, Ireland, Cyprus, Cambodia, Malaysia, Indonesia, China, Myanmar, Australia, Japan and Vietnam.
Locally, some recent projects includes Riverfront Residences, Affinity At Serangoon, Sea Pavilion Residences and Sixteen35 Residences. Mayfair Gardens is proudly developed by Oxley Holdings.
The developer for Riverfront Residences is a joint venture company, Oxley-Lian Beng Venture.
The joint venture partners are KSH Development, Oxley Holdings, Lian Beng Group and Apricot Capital.
Riverfront Residences ’s site is just beside Evergreen Park and opposite of Rio Vista.
Upon completion, future residents of Riverfront Residences will be able to enjoy tranquility and serenity living with the more than 200 metres of riverfront and greenery views that it is able to offer.
Tenure
99-Year
District
3
TOP
April 2022
Site Area
227,223 sqft
No. of Units
1259
Developer
Logan Property Nanshan Group
Other developments that are within Riverfront Residences ’s vicinity include Kingsford Waterbay, The Florida, Boathouse Residences, Heron Bay, Riversails, Riversound Residence, Austville Residences and The Rivervale.
Buyers can choose from one- to five-bedroom apartments from 463 sq ft to 1,905 sq ft, along with four-bedroom strata terrace houses measuring 2,109 sq ft.
Prices range from $578,000 for the one-bedders to $1.97 million for the five-bedders, with the strata terrace houses going for $2.35 million each.
| Date | Address | Unit | Size (sqft) | Price | Price (psf) |
| Aug 18 | RIVERFRONT RESIDENCES, 49, Hougang Avenue 7 |
#05-XX | 1,066 sqft | $1,297K | $1,217 psf |
| Aug 18 | RIVERFRONT RESIDENCES, 41, Hougang Avenue 7 |
#02-XX | 463 sqft | $600K | $1,296 psf |
| Aug 18 | RIVERFRONT RESIDENCES, 41, Hougang Avenue 7 |
#08-XX | 603 sqft | $795K | $1,319 psf |
| Aug 18 | RIVERFRONT RESIDENCES, 51, Hougang Avenue 7 |
#10-XX | 517 sqft | $723K | $1,399 psf |
| Aug 18 | RIVERFRONT RESIDENCES, 55, Hougang Avenue 7 |
#17-XX | 1,292 sqft | $1,531K | $1,185 psf |
Project Location
Mayfair Gardens is perfectly situated in terms of location.
The residence is nearby to many MRT Stations and Expressways.
Riverfront Residences is approximately 900 m away from Hougang MRT Station which operates the North East Line.
This MRT Line allows its future residents to commute straight to the Dhoby Ghaut MRT Station, located in Orchard Road and the Harbourfront MRT Station without the hassle of transiting to other MRT lines.
There are also bus services available in front of Riverfront Residences which will bring its future residents to the Hougang Central which the Hougang MRT Station and Hougang Bus Interchange are located.
There are also many bus services available at the bus interchange that will help the future residents of Riverfront Residences to commute to various parts of the island.
For those who drive, Riverfront Residences is approximately 15 minutes’ drive to the Orchard Shopping Belt.
Riverfront Residences is just approximately 15 minutes’ drive to the Central Business District (CBD) as well.
Riverfront Residences is also near to the Kallang Paya Lebar Expressway (KPE) which is able to link to the Tampines Expressway (TPE) and the Pan Island Expressway (PIE).
You can also avail the local bud service at Block 350 Station using Bus number 64321.
Riverfront Residences near Block 350 is a bus stop station, bus stop number 64321 which can take you to Riverfront Residences through many buses.
Riverfront Residences Location, Hougang MRT Station is only 15 minutes away via Upper Serangoon Road.
Riverfront Residences is 15 minutes’ walk via Upper Serangoon road to Hougang MRT station, condominium within walking distance to MRT station are typically popular and well sought after for investment or own stay
Not only MRT Stations but also Expressways which connects the city center to the other parts, are also close to Riverfront Residences which adds plus point to it.
Riverfront Residences is accessed through KPE (Kallang Paya Lebar Expressway) and TPE (Tampines expressway).
KPE (Kallang Paya Lebar Expressway) can be accessed reach the Riverfront Residences in 7 minutes via Upper Serangoon Road.
TPE (Tampines expressway) is highway in north-eastern fringe that covers the route from all over the island is accessible only on 8 minutes of drive.
Riverfront Residences located near KPE (Kallang Paya Lebar Expressway).
Riverfront Residences located near KPE (Kallang Paya Lebar Expressway).
The selling points about development
Location of this project is its major selling point.
It can be easily accessed through MRT Stations and Expressways which is itself a blessing as it saves your time and money.
Fairprice and Cold Storage provide wide range for grocery and are located nearby.
Alternatively, future residents of Riverfront Residences could also walk to the nearby Hougang Mall which is right in the Hougang Central. Also check Riverfront Residences Amenities
There are also many retail shops, food and beverage outlets, food court and also Fairprice supermarket located there.
Besides these 2 shopping malls, Riverfront Residences is also near to Hougang Green Shopping Mall, Rivervale Plaza and also Heartland Mall which is located at Kovan City. Riverfront Residences within 1km of Reputable Schools
Riverfront Residences Location, Hougang Mall is Singapore multi-purpose shopping complex and perfect place for dining and socializing and a trusted family mall.
Riverfront Residences, nearby is located Cold Storage which is perfect spot for fresh food.
Riverfront Residences, Kovan Heartland Mall is a multi-purpose four floor shopping center located near residence.
Riverfront Residences, Compass Point a suburban Mall which facilitate all your needs.
Riverfront Residences, Fair Price Finest is the best grocery store and shopping center nearby.
Riverfront Residences Location, near My cottage Café to enjoy the mouth watering deserts.
Riverfront Residences Location, near Thai Super Bowl to satisfy your taste buds through this wondrous Thai cuisine.
If buyers want to rent out this property than they can found good pool of tenants from the schools nearby.
Local schools such as CHIJ Our Lady Of The Nativity, Holy Innocents’ Primary School, Punggol Primary School, Monfort Junior School, North Vista Primary School, Xinghua Primary School, Palm View Primary School, Yio Chu Kang Primary School, Xinmin Primary School, North Spring Primary School, Serangoon Secondary School, North Vista Secondary School, Yuying Secondary School, Xinmin Secondary School and Serangoon Junior College are just within Riverfront Residences ’s 2 km radius.
Riverfront Residences, Xinmin Primary school an innovative school of learners only 5 minutes of drive away.
Riverfront Residences Location, YIO CHU KANG Primary School is on 5 minutes drive from the residence.
Riverfront Residences Location, Palm View Primary School is at 4 minutes of drive via PIE.
Riverfront Residences Location, near North Spring Primary School which is one the best schools in nearby area.
Riverfront Residences, at walking distance North Vista Primary School is located.
Riverfront Residences, Montfort Junior School is the perfect school for your younger children.
Riverfront Residence Location, Seng Kang Primary School is on 6 minutes drive from the residence.
Riverfront Residences, Montfort Junior School is the perfect school for your younger children.
Riverfront Residences Location, near Punggol Primary School which is on 3 minutes of drive.
Riverfront Residences, Chij Our Lady of the Nativity is the auspicious school located nearby.
My thoughts about the development
Having higher charges than the neighbor residences can become a trouble for them.
But having more better services can save them as Oxley Holdings is already a renowned name. Read More about the Riverfront Residences developer
The newly built town has advantage regarding its place.
The roads and amenities are convenient for both investors and visitors.
These 1472 units of Riverfront Residences surely provide access to all the locations nearby with complete ease.
Families look for places which provide a complete package for both children and adults.
Mayfair gardens is located at one particular location which provide schools and park for children, shopping centres and MRT stations for adults.
The floor plan is designed in such a way that it provides opportunity to select units according your desired number of rooms along with additional facilities.
If prices of property tend to high, still it won’t affect the sale as much.
If the show flat is located at a location which is near to MRT stations and shopping malls then investors don’t count for prices they just invest in such projects.
Tenants always look for a place that provide easy accessibility to all the places and Mayfair Gardens fulfill those requirements.
Riverfront Residences Business area, a serene and peaceful environment to lock your all the important deals with fresh mood.
Riverfront Residences Ariel view, a beautiful overlook which gives insight of all the building.
Riverfront Residences Current view, a beautiful aerial view of the property.
Riverfront Residences Garden, ever so green and lush garden to walk in evenings.
Riverfront Residences Swimming Pool, a pool area where you can enjoy the tender beauty with crystal clear water.
project ratings
- Pricing – 80%
The site has a land area of 396,231.4 sq ft located on a 99 year old leasehold land has approximately nine blocks of 17-storey apartments, 21 strata-landed houses (Total: 1,472 units)) and six shops. You may also like Riverfront Residences Pricing
Riverfront Residences in Hougang has sold more than 52 per cent of its 1,472 homes, according to a member of the developing consortium.
The project, which was launched for sale last month, was swamped by buyers when overnight property cooling measures were unveiled on July 5.
If I look from an investor point of view, lower entry price and higher returns will be a more attractive option.
Choosing a 99 years leasehold development is safe play because when crisis hits, the value of a FH condominium will be more stable as compared to a 99 years leasehold.
- Location – 95%
Riverfront Residences are located at a perfect location with access to MRT Stations, Expressways, Food centres, Shopping centres, schools of every level, and park.
Punggol Park has facilities and activities for the whole family with an “Active Zone” located at the southern part of the pond and “Passive Zone” at the north of the pond, there is something for both young and old to enjoy.
There is also something for anglers, who can look forward to hooking their next catch at the park’s fishing promenades located around the 5-hectare pond.
- Quality – 80%
The developer is experienced.
Oxley’s portfolio of properties can be found across 9 countries including the United Kingdom, Ireland, Cyprus, Cambodia, Malaysia, Indonesia, China, Myanmar, Australia, Japan and Vietnam. Check the Riverfront Residences Floor Plan
Locally, some recent projects includes Riverfront Residences, Affinity At Serangoon, Sea Pavilion Residences and Sixteen35 Residences.
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