The Riverfront Residences

PROJECT INFO

RIVERFRONT RESIDENCES CONDO

Riverfront Residences Condo a 99-years leasehold new development that was formerly a privatized HUDC estate Rio Casa. The development under went a successful enbloc by joint venture company Oxley-Lian Beng Venture. The partners for the development are KSH Development, Oxley Holdings, Lian Beng Group and Apricot Capital.

Riverfront Residences Condo is located at Hougang Ave 7 in District 19. It is around Hougang MRT station. In the vicinity there are many supermarkets, shops, clinics, shopping and dining facilities such as Giant (Hougang Plaza), NTUC FairPrice (Hougang Lifestyle Mall), The Midtown, Hougang Plaza, Hougang Mall, Kang Kar Mall, etc, it also have location attributes that is around Hougang MRT Station and Hougang Bus Interchange.

Hougang is being completely built as a New Town, which means that the area’s masterplan includes several important features.

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RIVERFRONT RESIDENCES CONDO PROJECT INFO

PROJECT

:

RIVERFRONT RESIDENCES

DEVELOPER

:

RIO CASA VENTURE PTE LTD

LOCATION

:

HOUGANG AVENUE 7

DISTRICT

:

19

TENURE

:

99 YEARS LEASEHOLD

TOP

:

2024

SITE AREA

:

36,811.1 SQM

UNIT MIX

:

9 BLKS OF 17-STY APTS & 21 UNITS OF STRATA LANDED HOUSES (TOTAL:1472 UNITS), 6 SHOPS WITH 2 BASEMENTS CARPARKS, LANDSCAPE DECK & COMMUNAL FACILITIES. MK22 ON LOT 09693T HOUGANG AVENUE 7 (HOUGANG PLANNING AREA)

With a strong transport connectivity

Minutes drive to Central Business District or the Orchard Road shopping area

Proximity to eateries, amenities and shopping malls, Hougang Plaza and Hougang Mall

Easy accessibility To Town & CBD from expressways CTE, TPE & KPE

For owners who are driving to the Central Expressway, it can be reached easily via Upper Serangoon Road and then Braddell Road.

Distance of about 1 km to Hougang MRT and walking distance to many schools and educational institutions

MATURE ESTATE LOCATION

Hougang mature estate

Hougang MRT and Future Cross Island Line

Hougang mall

Unblock river view for majority of units

Pan Island Expressway

Park connector right infront of development – connects to Punggol, Lorong Halus and Coney Island

Small park behind development

Proximity to Punggol Park

GREAT INVESTMENT

First mover advantage as surrounding land sale prices goes up with aggressive bidding and enblocs

Cross island line – improve connectivity

URA master plan for Hougang to create more jobs, enhance transport and greenery
Relocation of Paya Lebar Airbase

QUALITY HOME

Branded appliances – Electrolux and Grohe

Fibaro Smart home system for all residential unit

Yale Digital Lock

Quarts kitchen counter top for all units

Spacious and efficient internal layout

Non PPVC construction – flexibility in layout

Private lift for 4 and 5 brm premium units

Quality developer with strong track record in both development and construction

EXCITING DEVELOPMENT

Large site area

101 facilities

Designed by award winning architect and landscape

3 unique coves within development
- Botanic Cove
- Resort Cove
- Lifestyle Cove

3 clubhouses
- Cluhouse 1 – Co-working and study space
- Clubhouse 2 – 2 storey with Gym, Grand Dining and KTV/Movie room
- Clubhouse 3 – Gourmet dining with fully equipped kitchen for stylish gatherings

3 holiday villa style pavilions with private pool

3 Swimming Pools
- 50m Mangrove Pool
- 75m River Pool
- 20m Kids Pool

Extensive boardwalks and gardens

Tie up with Obike

6 shops for convenience

Free shuttle bus to Hougang MRT for first year

NUMBER OF UNITS

TYPE	SIZE	NUMBER OF UNITS
1 BEDROOM	43 - 54 SQM 463 - 581SQFT	281
1 BEDROOM + STUDY	48 - 59 SQM 517 - 635 SQFT	144
2 BEDROOM	56 - 64 SQM 603 - 689 SQFT	262
2 BEDROOM PREMIUM	67 - 80 SQM 721 - 861 SQFT	168
3 BEDROOM	81 - 101 SQM 872 - 1087 SQFT	232
3 BEDROOM PREMIUM	99 - 120 SQM 1,066 - 1,292 SQFT	204
4 BEDROOM	131 - 151 SQM 1,410 - 1,625 SQFT	34
4 BEDROOM PREMIUM (Private Lift)	138 - 159 SQM 1,485-1,711 SQFT	51
5 BEDROOM PREMIUM (Private Lift)	156 - 177 SQM 1,679 - 1,905 SQFT	17
STRATA TERRACE (4 BEDROOM, PRIVATE CARPARK, 3 LEVEL)	196 SQM 2,109 SQFT	21
TOTAL RESIDENTIAL	-	1,472

PAYMENT SCHEME

5% For Deposit - OTP Issued.

14 Days Later S&P Sent.

21 Days Later 15% To Exercise.

Stamp Duty To Be Paid.

PROGRESSIVE PAYMENT SCHEME

STAGE

% Of Purchase Price

Upon Grant Of Option To Purchase (OTP)

5% (Booking Fee)

Upon Signing Of Sales & Purchase Agreement (S&P) Or Within 8 Weeks From The Option Date

20% Less Booking Fee

Completion Of Foundation Work

10%

Completion Of Reinforced Concrete Framework Of Unit

10%

Completion Of Partition Walls Of Unit

5%

Completion Of Roofing / Ceiling Of Unit

5%

Completion Of Door Sub-Frames / Door Frames, Electrical Wiring, Internal Plastering And Plumbing Of Unit

5%

Completion Of Door Sub-Frames / Door Frames, Electrical Wiring, Internal Plastering And Plumbing Of Unit

5%

Notice Of Vacant Possesion (TOP)

25%

On Completion Date

15%

Buyer's Stamp Duty (BSD)

Buyer's Stamp Duty is tax paid on the acceptance to Option to Purchase (OTP) / Sale & Purchase Agreements (S&P).

These are documents (OTP or S&P) that are prepared and signed when you purchase a property.

Additional Buyer's Stamp Duty (ABSD)

ABSD is tax payable when you purchase a residential property for example, applicable to both HDB flats and Private Properties.

The amount you need to pay depends on your nationality (and/or your PR status).

It is to be paid by buyer within 14 days after the date of documents (e.g. Sale & Purchase Agreement) if the document is signed in Singapore.

If the document is signed overseas, it has to be paid within 30 days after date of its receipt in Singapore. Stamp Duty is to be paid to IRAS (Inland Revenue Authority of Singapore).

CITIZENSHIP

1ST

2ND

3RD
& ABOVE

SINGAPORE CITIZEN (SC)

-

12%

15%

SINGAPORE PERMANENT RESIDENT

5%

15%

FOREIGNER

20%

Total Debt Service Ratio (TDSR)

The TDSR limits the amount of money banks and other Financial Institutions (FIs) can lend you – which is 60% of your gross monthly income minus all of your outstanding debts.

The outstanding debts that the TDSR will take into account include:
Credit card balances (including “instalment plans” with retailers)

- Student loans

- Car loans

- Other home loans (if applicable)

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