Neu at Novena factsheet
Freehold Condominium in the heart of Novena
District 11 – 27 Moulmein Rise
Neu at Novena is an exciting new joint venture freehold development between Roxy Pacific Holdings Ltd, Macly Group Pte Ltd ad Lim Wen Heng Construction Pte Ltd. Located right in the heart of Novena at Moulmein Rise, the development consists of 87 residential units with a unit mix of 2 Bedroom, 3 Bedroom Dual Key, 3 Bedroom, 4 Bedroom + Utility and 4 Bedroom Duplex.
Neu at Novena provides excellent connectivity to Central Business District via Central Expressway (CTE) and Pan-Island Expressway. For residents who takes the public transport, Novena MRT Station is less than 3 minutes’ walk away, a few stops away from Orchard MRT, Raffles Place MRT and City Hall MRT.
This development is one of the closest freehold development that is next to malls and the MRT Station. Residents would be able to enjoy dining and shopping amenities with shopping malls such as United Square Shopping Mall, Velocity@Novena Square and Square 2 nearby. The development is just minutes away from sumptuous food and shopping mall with Newton Food Centre located just minutes away.
For those with young children, there is an array of reputable institutions such as Saint Joseph’s Institution (within 1km) and Anglo-Chinese Junior School, Anglo-Chinese Primary School and Singapore Chinese Girls School (within 2km) which are all located close by.
There is huge potential upside with Neu @ Novena being right next to the transformation of Health City Novena masterplan which is already underway. There is also a huge tenant pool to leverage on in a location with proven demand for rental!
Developer: RH Novena Pte. Ltd. (Joint Venture Between Roxy Pacific Holdings Ltd,
Macly Group Pte Ltd & Lim Wen Heng Construction Pte Ltd)
Address: 27 Moulmein Rise
Property Type: Private Condominium
Total Units: 87
Unit Mix: 2 Bedroom, 3 Bedroom Dual Key, 3 Bedroom, 4 Bedroom + Utility, 4 Bedroom Duplex
Project: NEU AT NOVENA
District: D11 - WATTEN ESTATE, NOVENA, THOMSON
Region: Core Central Region (CCR)
Property Type: NON-LANDED RESIDENTIAL CONDO CONDO
Total Units: 87
Available Units: 8
Expected TOP: 30 APRIL 2024
Developer: RH Novena Pte. Ltd
Established in May 1967, Roxy-Pacific Holdings Limited, an established property and hospitality group with an Asia-Pacific focus, was listed on the SGX Mainboard on 12 March 2008. The Group is principally engaged in the development and sale of residential and commercial properties (“Property Development”). The Group’s recurring income streams are strengthened through its flagship hotel in the heart of historical Katong, Grand Mercure Singapore Roxy hotel, self-managed upscale boutique hotel, Noku Kyoto and Noku Osaka, Japan, and other investment properties in Asia-Pacific (“Hotel Ownership and Property Investment”).
The Group’s residential development projects typically comprise small-to-medium sized residential developments such as apartments and condominiums targeted at middle-to-upper income segments. Between 2004 and 2018, the Group developed and launched 48 small-to-medium sized developments comprising a total of more than 4,400 residential and commercial units in Singapore, Malaysia and Australia.
Grand Mercure Singapore Roxy hotel, a major asset of the Group, is self-managed under franchise agreement with international hotel operator, Accor Group. Beyond Singapore, the Group has opened its upscale boutique hotels under the Noku hotels brand name in Kyoto, Japan, followed by Osaka, Japan, and Maldives. The Group has other land parcels intended for development into hotels in Phuket, Thailand.
For Property Investment, the Group owns 52 retail shops at the Roxy Square Shopping Centre in Singapore. In Australia, Roxy-Pacific owns a 45% interest in a freehold six-storey commercial building at 312 St Kilda Road in Melbourne’s CBD. The Group also owns a 40% interest in a centrally-located, 10-storey commercial building at 33 Argyle Street, Parramatta, New South Wales. In Auckland, the Group owns NZI Centre and has a 50% interest in the office building at 205 Queen Street, marking Roxy-Pacific’s maiden foray into New Zealand.
Land Size: 2062.30 sqm
Plot Ratio: 3.0