The importance of real estate companies
The relationship between a common man and a real estate company cannot be described by mere words. Gone are the days when a common man would look after the construction of his home himself. With the advancement of time, the trust and faith put in these real estate companies has increased by several manifolds. These companies chalk out the entire plan for the architecture of the building, consult with their clients on a regular basis and complete the project within the specified deadline. One can find examples of a number of successful residence projects all over the world. This article is all about a famous residence project named Riverfront Condo.
Briefing about the project
Formerly known as Rio Casa, Riverfront Residences is a 99 years tenured leasehold development project. The project is currently developed by a joint venture company named Oxley-Lian Beng Venture, consisting of the partner companies as KSH Development, Oxley Holdings, Lian Beng Group and Apricot Capital, where each partner holds a stake of 35%, 35%, 20% and 10% respectively. Riverfront Condo has received a positive response from the developers as well as the general public due to the proximity of the project location to Hougang MRT Station, Hougang Bus Interchange and Serangoon Park Connector and also due to the absence of any new development projects within that area.
The Oxley- Lian Beng Venture
The Oxley-Lian Beng Venture has developed Riverfront Residences Hougang Avenue 7 in close proximity to Hougang Mall and Hougang Transportation Hub. It is equipped with full and unique facilities of guard house, club house, indoor gym, well-furnished tennis court, function room, sun deck, swimming pool of length 50 m, children’s playgrounds with newly installed swings and slides and BBQ pits. The site of the project also allows one to have a serene and unobstructed view of Sungei Serangoon River and also into the forested part of Kallang-Paya Lebar Expressway, thus ensuring that one spends a good amount of time amidst the nature. Currently plans are under the pipeline to create a unique development of majestic waterfront and greenery of Sungei Serangoon River and Upper Serangoon Area respectively.
Proximity to schools
The site has well proximity to elite schools like Holy Innocent’s High School, Serangoon Junior College and CHIJ, the all-girls Primary School that aims in providing an all-round and holistic education to the students within a Christian atmosphere. The location of Riverfront Residences Hougang Avenue 7 is a pivot pointer while finalising any property deal, keeping in mind about the proximity to the schools, the transport systems of the area and the flexibility in the designs of the houses. The full furnished Riverfront Condo will be soon launched to the general public and all of its minute details will be made open and available over the development websites to the general public. An estimate of 1400 units is being constructed on the portion of land.
The KSH Holdings
Established back in 1979, KSH Holdings is a property developer of Singapore with a rich experience in handling construction projects for a wide range of industries. The company undertakes its projects by having a number of joint ventures and strategic alliances and currently has projects in overseas nations also like China, Japan and Malaysia. For Riverfront Residences, KSH Holdings has invested in property assets that are yield-accretive and generate a sustainable source of income. It is currently developing a resort spa along with the pools and is gaining a good image in the market due to its major capital gains and development in a sustainable manner.
The Lian Beng Group
Lian Beng Group is a native Singapore construction company that holds a good number of property development projects and construction support services under its umbrella. For Riverfront Residences, the group has provided high-quality construction machinery and other secured construction related services that aim in providing assistance and advisory services to the clients. Apart from the client-oriented services, Lian Beng Group is also conducting trainings for the home and foreign construction labour forces to equip them with the requisite skills.
This article hence briefs in detail about Riverfront Condo and the main developer venture that is in charge of the entire project, along with the contributions from each of the partner companies. The final project will be soon unveiled to the general public and all its technicalities will be made open to them.