More than 52% of former Rio Casa units sold: joint developer

Singapore

RIVERFRONT Residences in Hougang has sold more than 52 per cent of its 1,472 homes, according to a member of the developing consortium.

The project, launched for sale last month, was swarmed by buyers when overnight property cooling measures were unveiled on July 5.

Mainboard-listed construction firm KSH Holdings, which holds a 35 per cent stake in the project, announced on Friday that it has snagged the S$266.3 million contract to build nine apartment blocks on the site of the former Rio Casa estate. The deal lifts KSH's order book to more than S$577 million, to be recognised progressively up to FY2022. Construction at Riverfront Residences is expected to begin in November and t…