You are now looking at one of the most popular and budget friendly new launch condominium in the whole of Singapore’s market.
Strong sales for this development has seen 1300 units being decisively bought by buyers since it’s launch in July 2018, mainly because the entry prices and psf here are among the lowest one can get in the market today.
Already more than 85% sold, what exactly is Riverfront Residences price point now?
Still hovering at an average PSF of only $1300psf, Riverfront Residences price now starts from $705k for a 1+Study unit. For the more sought after 3 Bedroom units that caters perfectly as a family home, prices are still well below the $1.2m price point.
If you have been searching high and low for prices on this beautiful river fronting development, you can now finally get all the real updated prices below!
To make it simple for you, we’ve put out this price list for all the various unit types in Riverfront Residences:
1 + Study
The above table shows the entry prices for each unit type. And of course, prices will be higher for higher floor units and premium facing units.
If you’d like to grab hold of the complete price list, book a showflat viewing or get a detailed consultation on your purchase finances / calculation, you are just a click away below…
We are the official appointed developer sales and all prices will be direct developer prices.
If you consider yourself a savvy property buyer, you will certainly want to know how the current unit prices are pegged to the developer’s land cost.
Let’s help you find out with more facts and figures..
It is widely known that Riverfront Residences is the new development replacing the former privatized HUDC estate Rio Casa that went through a successful en-bloc in 2017.
So, what land price did the developer eventually fork out to secure this massive 396,230sqft land plot?
The total land price paid was $783 million, which includes an estimated premium of $208 million to top-up the lease back to 99 years. This total land cost effectively translates to an estimated land rate of $706psf per plot ratio (ppr).
Today, not many developers are sitting on a land cost as low as Riverfront Residences. Only Kandis Residence ($481psf ppr), The Tapestry ($565psf ppr), Treasure at Tampines ($676psf ppr) and The Jovell are able to smile with lower psf per plot ratio.
But if you drill into a more direct comparison with neighbouring new launches, you will find that The Florence Residences is sitting on quite a substantially higher land cost at $842psf ppr.
Given this relatively competitive land price, it is almost certain that prices here will remain attractive for those who manage to grab hold of a unit here before selling out.
We’ve shown you the entry prices above.
But just by looking at the prices above, you may not be aware that Riverfront Residences is already close to 90% sold.
Inventory here is getting rather low, and you might be wondering if there are still any suitable units for yourself.
So, what are the Riverfront Residences balance units that are still available? Let’s break down the remaining number of units for each unit type:
1 + Study – 17 units left
2 Bedroom – 7 units left
3 Bedroom – 82 units left
4 Bedroom – 38 units left
As you see above, the balance units remaining out of the total 1472 units here is getting lesser and units are still being sold daily. (low pricing is still the biggest factor!)
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Now that you’ve seen the prices and balance units availability, would you like full details on this development?
We have a full Riverfront Residences review, where you will be able to find comprehensive information such as the:
Understand everything about this development and help yourself make a better property decision..