New project info: Riviera 38 to preview next Thursday!

Robert Kuok’s Singapore property unit Allgreen Properties will preview on Thursday next week a 102-unit development at Mar Thoma Road near Toa Payoh/Bendemeer area.

The 999-year leasehold Riviera 38 will have a range of unit sizes, strating from 452sqft for a one-bedroom apartment to 1,980sqft for a penthouse with three-bedrooms and a private swimming pool.

Allgreen says absolute unit prices will start from about $530,000 for a 452sqft one-bedder on the seventh floor. The developer has yet to finalise pricing, but word on the street is that the average price indication being given to prospective buyers is about $1,200psf. A property agent not involved with marketing the project told BT that an “average price of about $1,100-1,200psf would be reasonable”.

Riviera 38 will have 20 one-bedders and another 21 one-bedroom-plus-study units. The remaining units in the development are two-bedders, two-bedroom-plus-study units, three-bedders and penthouses.

DTZ is the sole marketing agent for the project, which will be developed on the former Hup Cheong Mansion site.

Riviera 38 will have a single tower of 27 storeys. Apartments will start from the sixth floor. Facilities in the project will include an infinity-edge swimming pool, children’s pool, jacuzzi, children’s play area, barbecue pavilion, gym and function room.

Source: The Business Times

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