A huge number of property buyers were witnessed at the Riverfront Residences show flat on 5th July post the property cooling measures were declared on the day. As per the reports, around 52 percent of its total 1472 units have already been sold. These figures clearly tell about the success of the project.

Situated at a prominent destination like Hougang, 52 percent of properties being sold look quite reasonable. Each of these 1472 units have been developed with utmost standard. As per the member of this renowned consortium, the project has been witnessing demand ever since its announcement.

The project was announced for sale in the month of June and grabbed the attention of the property enthusiast when overnight property cooling measures were revealed on 5th July. Reports add, Mainboard-listed construction firm KSH Holdings holds around 35 percent share of the development. According to it, it has made the whooping $266.3 million bond for establishing the apartment unit that is all set to get established on the project destination of the former Rio Casa estate.

As per the deal, it takes the KSH’s order chart to greater than $577 million to be acknowledged aggressively up to the 2022 financial year. This makes Riverfront Residences Showflat stay high on number. Considering the greater rate of demand among the buyers, the construction is obvious to be in full swing. It has already started since November, which is expected to be completed by February 2022. Considering the lavishness of the project, it is obvious to take some time.

Along with the massive 17 storey residential project, KSH is also going to establish 21 strata landed houses as well. There will be all sorts of facilities available within the project. Within KSH there is going to be six shops for daily needs. In addition, there will be a couple of basements for car parking. There remain other parking facilities as well for especially able people. In fact, all details regarding the communal facilities are mentioned with the contract itself for the buyers. Among others, Riverfront Residences Rio Casa is going to have parks, jogging tracks, etc within the compound itself.

One of the prominent reasons behind the greater popularity of the project is its moderate price tag. It meets the expectations of the buyers thoroughly. As per KSH’s official statement during announcement, KSH has "average selling prices that are within expectations". It’s the encouraging Riverfront Residences Price that is said to be the reason behind it being the top selling project in Singapore in past month. Making thing more encouraging, the top selling project was lifted by effected buying caused by the cooling process, having 628 units went at a price of $1,307 per sq ft.

As per executive chairman and managing director Choo Chee Onn they are pleased to be relied by the consortium to play a crucial role in this project as both a joint developer and contractor".

His official statement in tis regard is-"Taking the lead in the construction allows us to play an active role in managing project costs efficiently to optimise margins, both for our construction contract and for the development project's profitability, amid the challenging operating environment".

He adds- "We are also pleased that the project has so far resonated well with the market as the consortium continues to monitor the market carefully to push sales appropriately at the right prices."

It is here to mention that Rio Casa was sold en bloc in May past year to a consortium that too involves names of developers like Oxley Holdings and Lian Beng Group, along with Apricot Capital, the private investment arm of the Super Group's Teo family.

However, the price was kept $575 million, which didn’t include the premiums for topping up the lease and developing the site.

Talking about the project, it indeed provides top notch facilities for the buyers. Communication facility is fantastic here, which makes it such interesting among the investors. First of all, the project is located alongside Hougang MRT station. Additionally, there are other prominent LRT stations like Kangkar LRT and Kranggung LRT available in close vicinity.

For amusement purpose, there is Hougang Festival market, Hougang Green Shopping mall available at a negligible distance from the place. Additionally, there are the options like Serangoon Gardens and Greewich V available in close proximity.

There is no proximity of supermarkets like Giant (Hougang Plaza), NTUC Fairprice (Hougang Lifestyle Mall), NTUC Fairprice (Compassvale Link), NTUC Fairprice (Rivervale Mall), etc available in close proximity of the place providing better value of life.

It provides best facilities for education purpose as well. There are many prestigious schools like Serangoon Secondary School, Chij Our Lady of The Nativity, Holy Innocent's High School and North Vista Secondary School, etc available in close proximity. In fact, all these can be found at 1 Km distance from the project destination. Apart from this, there are schools like Punggol Primary School, Holy Innocents' Primary School, Seng Kang Secondary School, Montfort Secondary School within 2KM from the project’s destination.
In short, KSH provides all those facilities that a modern day investor looks for. Moreover, the project delivers much more than the money invested.

About the Company

People looking for a convincing project in Singapore can find Riverfront Residences absolutely great. It provides all high-end facilities for the buyers. This is the reason that more than 50% of the project has already been sold within a few days of announcement. Considering the greater interest among the property enthusiasts, it is recommended for that they should show some hurry in booking a place. It can indeed deliver them some real good time while living.

Please click on the Website link below which will guide you to our website to learn more about us!

http://riverfrontresidences-sg.com/