Riverfront Residences – A Value Buy in District 19

Riverfront Residences is a condominium development located along Hougang Avenue 7, in an area that is undergoing massive transformation in the next 10 to 15 years. It is also one of the best-selling new developments this year and it is easy to understand why.

Massive Site with more than 100 Facilities

Located on a site area of more than 396,000 sqft, the residential blocks are situated far apart and orientated for maximum natural air flow. There are 3 coves within the development with different themes and 3 clubhouses that cater to different purposes. With the project overlooking Sungei Serangoon, many units offer an unblocked and relaxing river view from their balconies. For nature lovers, there is also a park connector at your door step. Popular schools such as the Holy Innocents’ Primary School is also within 1 km.

Low Entry Price ($12xx psf)

At slightly over $1200 psf, it is one of the most attractively priced newly launched development in Singapore at the moment. The price quantum is low with a 1 Bedroom unit below $700,000, 2 Bedroom unit below $950,000, 3 Bedroom unit below 1.15 mil and 4 Bedroom unit below 1.71 mil. Priced just slightly above new Executive Condominium (EC), this is certainly a sweet spot for single buyers looking for their first property and HDB upgraders.

Area undergoing Major Transformation – Enormous Upside Potential!

In the near future, Hougang will be one of the most exciting areas to live and work in.

Lorong Halus Industrial Park – Located opposite Riverfront Residences, Lorong Halus Industrial Park is poised to become the major employment centre in the North-East Region. Spanning over 100ha, it will be home to companies in the business of logistics, precision engineering, lifestyle products and food. The land parcels fronting Sungei Serangoon will incorporate greenery along an activity-filled riverfront and will be integrated with supporting recreational amenities and spaces for the public.

Defu Industrial Estate – Located just 12 mins walk away from Riverfront Residences, Defu Industrial Estate is envisioned to be redeveloped as a green and sustainable industrial park of the future. The existing factories at Defu Industrial Estate will be progressively replaced with new industrial complexes over the next 15 to 20 years, welcoming companies in the field of Info-communications, Media, Biomedical, Clean Energy and Logistics.

Relocation of Paya Lebar Airport – By 2030, Paya Lebar Airport will be relocated, freeing up about 800 ha of land for 60,000 to 80,000 new homes, parks and offices. We can expect a revision in plot ratios and the removal of height restrictions, thereby enhancing the value of land.

Hougang Interchange – With the Cross Island Line (CRT) passing through the existing Hougang Station, Hougang Station is set to become an interchange. With the improved connectivity, real estate prices are poised to increase, judging from historical price trends and data.

Punggol Digital District – Riverfront Residences is just 4 stops away from the mini Silicon Valley – Punggol Digital District. With 28,000 jobs expected to be created, there will be no shortage of potential tenants and buyers in the future.

For more information on Riverfront Residences, you may contact me at 9644-4854 or drop me an email at nick@sri.sg. Developer is offering a discount of between $30,000 to $40,000 from now until 28 July 2019.