New Launch Condo @ Hougang Avenue 7
New Launch Condo @ Hougang Avenue 7
New Launch Condo @ Hougang Avenue 7, is sitting on the plot of land formerly a HUDC estate Hougang Avenue 7, known as Rio Casa.
During the en-bloc exercise in April 2017, Rio Casa was sold to consortium comprising Oxley Holdings, KSH Holdings, Lian Beng Group and the private investment firm of Super Group’s Teo family at $575 million.
The former Rio Casa @ Hougang Avenue 7, was a development with 7 blocks and a total of 286 residential units. The Site at Hougang Avenue 7, has a total area of 396,234 sqft of prime land, which can be maximized to provide a Gross Floor Area (GFA) of about 1,109,447 sqft at plot ratio of 2.8.
After considering the toping up of lease to 99 years and development charges, which could be around $208 million, the estimated land price would work out to be around $706 per sqft PPR based on the maximum GFA of 1,109,447 sqft.
The new project @ Hougang Avenue 7, could potentially yield about 1,400 residential units, base on an average of 750 sqft per unit.
New Launch Condo @ Hougang Avenue 7 is expect to garner strong interest due to many positive site attributes such as:
– Enjoys a 200m meters water front view along the Sungei Serangoon River.
– Close proximity to amenities such as Hougang MRT Station, Bus Interchange.
– Right next to Serangoon Park Connector, surrounded by vast greenery.
– Property experts do not expect any new launch in the vicinity within short to midterm.
New Launch Condo @ Hougang Avenue 7 Details
| Project Name | TBA (Formerly known as Rio Casa) |
| Address | Hougang Avenue 7 |
| Developer | Hougang Avenue 7 |
| Description | TBA |
| Tenure | 99 years leasehold |
| District | 19 |
| Site Area | 396,234 sqft |
| Gross Floor Area | 1,109,447 sqft |
| No. of Blocks | TBA |
| No. of Storeys | TBA |
| No. of Units | TBA |
| No. Carpark Lots | TBA |
| TOP | TBA |
New Launch Condo @ Hougang Avenue 7 Location
The New Launch Condo at Hougang Avenue 7 is in a matured estate that has an attractive direct unblock river frontage of approximately 200 metres spreading across Sungei Serangoon and vast surrounding of green spaces. The nearest MRT Station will be Hougang MRT (NE14) which is within 1 km or 15 minutes walk and just 2 minutes walk to nearest bus Stop. Hougang Avenue 7 New Condos is further enhanced with the connectivity of Serangoon Park Connector. It is about 800 meters to Hougang MRT Station, serving the North-East Line (NEL) with further transport connectivity in the pipeline following plans for the upcoming Integrated Transport Hub at Hougang Central to be completed by 2023.
The Hougang Avenue 7 New Launch Condo is best suited for young families for its educational institutions like Hillside World Academy, Lycee Francais De Singapore, Chij Our Lady of the Nativity, Holy Innocents’ Primary School and Punggol Primary School are near to RIO CASA. Besides, this for grownup there is easy accessibility to the Holy Innocents’ High School, Serangoon Secondary School and North Vista Secondary School. Since Hougang Avenue 7 Residences is in the radius of convenient travelling commuting to primary and Secondary schools will not be a challenge.
New Launch Condo @ Hougang Avenue 7 is accessible via nearby Hougang MRT Stations which is within 1 km away.
Hougang Avenue 7 Newly Launched Property is ideally suited to the families because of the amenities it offer with eateries, dining, groceries at the various shopping malls and complex like the Kang Kar Mall, Hougang Mall, Compass One, Heartland Mall and Nex Shopping Mall.
Amenities Near New Launch Condo @ Hougang Avenue 7
Connectivity
MRT Station
Hougang MRT (About 1km)
Bus Interchange
Hougang Central Bus Interchange (840 Hougang Central)
Educational Institutes
Primary School
Chij Our Lady Of The Nativity
Holy Innocents’ Primary School
Punggol Primary School
Secondary School
Holy Innocents’ High School
Serangoon Secondary School
North Vista Secondary School
Shopping Mall
Kang Kar Mall
Hougang Mall
Heartland Mall
Rivervale Plaza
Compass One
Nex Shopping Mall
Groceries & Supermarts
FairPrice at Hougang Lifestyle Mall
Giant at Compassvale Bow
Giant at Hougang Plaza
New Launch Condo @ Hougang Avenue 7 Site Plan / Facilities
To be Updated soon!!
New Launch Condo @ Hougang Avenue 7 Floor Plan
To be Updated soon!!