Rio Casa is a luxurious condominium located at the heart of HDB heartland 344 Hougang Avenue 7 in Singapore. The location area belongs to District 19 on the northern side of the country. It enjoys the vicinity of the scenic Sungei Serangoon.
The beautiful apartments have convenient access and are accessible through public transport either by bus or via railway as it is located near KANGKAR LRT STATION,Hougang (NE14) and Ranggung (SE5). People with school going children also find it convenient as the condo is located near the best primary schools in town such as Chij Our Lady Of The Nativity, Punggol Primary School and Holy Innocents’ Primary School. The condo is conveniently located near shopping malls and other important public amenities such as pharmacy, grocery stores, coffee chains and fast food restaurants most of them just 20 minutes work from Rio Casa.
Rio Casa Hougang Serangoon
The condo is large enough with up to 286 units and seven residential towers for affordable buying and renting for Singapore. Rio Casa residential property was put on joint sale in April following an agreement where more than 80 percent of the unit owners agreed with the en bloc sale. Rio Casa is a former HUDC Enbloc at Hougang Avenue 7 and is home to many of the developments at Hougang Ave 7
Upon the successful completion of the apartment’s selling processes, every owner is set to receive two million US dollars in gross sale price. The sale however, has to meet several conditions one of them being acquiring an order of sale through court approval or from the Strata Tittles Board.
Former Rio Casa Enbloc at Serangoon by Oxley at Hougang Avenue 7
Oxley-Lian Beng Venture Pte Ltd is the company responsible for the buying of the premium condo at S$575 million. The PTJ plans to top up the lease to a fresh 99 years coupled with up to S$ 208 million additional differential premium. Re-development of the site is also in the company’s mind for to 2.8” gross plot ratio working out to a land price of S$ 706 square feet per plot ratio. This is based to a maximum permissible gross floor area of about 1,109,447 square feet. The condo was zoned for residential occupation with the Master Plan 2014.
The JV Partnership comprised of KSH Development, Lian Beng Group, Oxley Holdings and Apricot Capital. KSH Development has 35 percent stake, Lian Beng Group holds 20 per cent interest, and Oxley Holdings holds a 35 per cent interest and Apricot Capital at 10 per cent.
Rio Casa is the former HUDC estate with a site area of 36,811.1 square meters and delights in 200 meters frontage of riverfront.
Former Rio Casa Hougang MRT Station
The positive site attributes shows a promising strong interest among residents who will enjoy a beautiful view of the waterfront and the green spaces, convenient access to various parts of Singapore thanks to good infrastructure. They can access the town easily by car, bus interchange service along Upper Serangoon Road or even use the Hougang MRT stations not forgetting the proximity to Serangoon Park Connector. It is located just a few minutes drive to Changi airport and is ease to access through Tampines Expressway. Markets, food centers, shops and shopping malls are many amenities easily accessible within the vicinity.
This area also shows development possibility where it can build about 1,400 residential units of about 70 square meters per unit when redeveloped. Competition is also set at minimal since there is no planned launch of another condo in the vicinity within a short or medium term.