NEU AT NOVENA CONDOMINIUM
The Neu at Novena condo is a new residential development in the heart of the Novena area of Singapore, on the fringe of Orchard Road. It offers high-rise freehold homes in a prime location, at a much more affordable pricing than can be found just a 5 minute drive nearer Orchard Road.
Note: This is NOT an advertisement for sale. Project is pending approval from authorities.
Furthermore, this is one of the most truly convenient locations to be had. It makes for strong rentability where investors are concerned.
Specifically, Neu @ Novena is sited behind Novena MRT station, straddling between Moulmein Rise and Sinaran Drive. On this side it faces The Huntington and Soleil @ Sinaran, that enjoy good rental demand. All these are part of an exclusive residential cluster that flows across Moulmein Road as well, and stretches down to the private estates of Newton and Bukit Timah.
Our project also sits beside a medical hub, is opposite two shopping centres, and touches the Bukit Timah education belt. The Neu @ Novena condo is being launched by Roxy-Pacific, that has built a name for itself with its string of freehold boutique developments in prime locations, both in Singapore, as well as Australia.
About the Neu at Novena Site and Neighbourhood
The plot of land on which the Neu at Novena condo will be built, is actually an amalgamation of two adjacent freehold sites at 27 Moulmein Rise. Previously, Grand Tower condominium stood there before it was purchased by 27MR in an en bloc sale. The old building was torn down but the site was not redeveloped.
27MR then sold the empty land to RH Novena, a unit of Roxy-Pacific Holdings, for SGD$106 million in end May 2018. The sale was brokered by Sakal Real Estate Partners, a boutique investment advisory and brokerage house.
The site is located in District 11, generally recognised as one of the three most prestigious residential districts in Singapore. Residential property around Neu at Novena condo are either higher end private condominiums, or older landed houses that have been there since colonial days.
In addition, we have Square 2 and Novena Square shopping centres diagonally across Sinaran Drive, around 5 minutes walk away. And almost directly across Moulmein Road, we have St Joseph’s Institution (Junior). Novena is also a growing medical cluster, with a large workforce.
Or as summed up in a nutshell by the MD of Sakal: “This is a prized location. The site’s proximity to Novena MRT station, plethora of retail and F&B offerings nearby, and progressive completion of Health City Novena, will continue to underpin both investor and occupier demand for high-quality residences in this area, for a long time to come.“
5 DERBYSHIRE SINGAPORE · FACTSHEET
|Name||Neu at Novena|
|Developer||RH Novena (Roxy-Pacific Holdings)|
|Status||Condominium (Foreigners eligible to buy)|
|Address||27 Moulmein Rise, Singapore 308140|
|Site Area||2,062.2 m² (22,198 sq ft)|
|Floor Area||6,689.2 m² (72,003 sq ft)|
|Latest T.O.P. Date||TBA|
|No. of Storeys||20|
|No. of Units||80|
NEU AT NOVENA FLOOR PLANS
The Neu @ Novena floor plans are not ready yet. Kindly let us know through the Contact Form if you would like us to send you the Neu at Novena floor plans once they are available.
NEU AT NOVENA SITE PLAN
The Neu @ Novena Singapore site is a roughly triangular parcel of land, bounded by Moulmein Rise on two sides, and Sinaran Drive on the third. It is surrounded on all three sides by private residential developments. A mix of low-rise landed houses, and mid to high-rise apartment blocks and condominiums.
Among these, to its west, is the 99-year leasehold Soleil @ Sinaran condominium. This is a tall 40 storey high relatively new development. Useful for shielding the Neu at Novena condo from the full west afternoon sun, while being rather pleasant to look at.
The rest of the buildings around our site are much shorter, so the Neu @ Novena condo will enjoy a more open feel rather than being completely hemmed in. In fact there will be pockets of unobstructed views, such as over the landed homes beside it, and down Sinaran Drive towards St Joseph’s Institution (Junior) across Moulmein Road.
NEU AT NOVENA SHOWFLAT · VIEWING
The Neu @ Novena showflat is not available for viewing yet. Please let us know via the Contact Form below if you wish to be alerted on the VIP Preview dates once finalised.
NEU @ NOVENA PRICES · UNIT TYPES
UNIT TYPES . SIZES
|Unit Description||Type||No. of Units||Strata Area
|Total Number of Units||80|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
THE NEU AT NOVENA CONDO PRICE RANGES
The indicative Neu at Novena prices are not ready yet. Please let us know via the Contact Form below if you wish to be kept posted when the pricing is available.
Roxy-Pacific Holdings paid SGD$106 million for the land for this project, that spans a total area of 22,198 square feet.
While the master plan plot ratio for this site is 2.8, the previous “as-built” gross plot ratio was close to 3.244. Hence Roxy-Pacific is allowed to take this as the working ratio, that equates to a maximum permissible gross floor area of 72,003 square feet.
This works out to a land rate of slightly over SGD$1,472 per square foot per plot ratio.
After adding in all the development charges, including for overheads, financing, consultancy and fees, admin and marketing, the break-even cost is close to $2,000 PSF.
Recent condominium launches around the Novena / Newton area are currently priced at roughly $2,500 to $2,700 PSF. This should give Roxy-Pacific room to price Neu @ Novena quite competitively. Especially considering the $3,xxx PSF pricing closer to Orchard Road, such as in the River Valley area.
NEU @ NOVENA SINGAPORE · DEVELOPER
Neu at Novena Singapore is being developed by RH Novena, a unit of Roxy-Pacific Holdings Limited. Roxy-Pacific is a home-grown real estate company with a track record that goes all the way back to 1967, and was listed on the SGX Mainboard in 2008. Their portfolio of properties is diverse and includes residential, hotel / hospitality and retail developments.
About Roxy-Pacific Holdings Limited (“Roxy-Pacific” or “The Group”)
Roxy-Pacific’s main business is in the development of properties for sale, both residential and commercial. The Group is known for its small to mid-size residential projects, as these tend to be on mainly freehold land, which are seldom very big. They attract both owner-occupiers and investors looking to invest in areas with potential upside or rental markets.
Over the last 15 years, Roxy-Pacific has developed more than 45 such projects. These have contributed more than 4,300 homes and commercial units to the real estate scene in Singapore, Malaysia and Australia.
The Group generates recurring income as well, from its investment portfolio. It owns the Grand Mercure Roxy Hotel at Marine Parade, and upscale boutique hotels under the Noku Roxy brand in both Kyoto and Osaka, in Japan. It has also acquired a resort in the Maldives, and some plots of land in Phuket, to build hotels on.
Roxy-Pacific also owns retail property in Singapore, as well as a 6-storey retail and commercial building, Melbourne House in the Melbourne CBD, and half share of a 14-storey commercial block in the Sydney CBD at 117 Clarence Street. Across the Tasman Strait, it owns NZI Centre, and a half share of an office block in the Auckland CBD.
NEU AT NOVENA CONDO LOCATION
Location. The Neu @ Novena condo location is at the Novena district, 5 minutes drive from Orchard Road off-peak, and 10 to 15 minutes from the Central Business and Financial zones of Singapore.
This area has always drawn both investors and owner-occupiers looking for freehold property in an upscale location, at a more affordable pricing than the over $3,000 PSF nearer Orchard Road.
- Nearest MRT Station. We are around 200 metres, or 3 to 4 minutes walk from the nearest Sinaran Drive exit of Novena MRT station. From this station on the North-South line, it is six stops to Raffles Place, and two stops or 5 minutes to Orchard Road.
Shopping, Banks, Lifestyle Outlets, Dining, Supermarkets. One of the main attractions of the Neu @ Novena location is how close it is to a major shopping cluster and office blocks. We are 250 metres, less than 4 minutes walk up Sinaran Road, from the Novena Square and Square 2 malls. There is also United Square across at Thomson Road, 500 metres away.
This means we have an almost complete range of retail, service, and dining options available within walking distance. Such as shops, clinics, salons, fashion and lifestyle, child enrichment centres, a food court, fast food outlets, cafes & restaurants, and a supermarket.
Medical Amenities. Under the URA Master Plan, Novena is being developed as one of Singapore’s largest medical clusters. Health City Novena is a 17-hectare integrated modern healthcare complex that incorporates Tan Tock Seng Hospital and related healthcare centres, as well as the Lee Kong Chian School of Medicine (Novena branch). The whole complex is on track to complete by 2030.
HEALTH CITY NOVENA NEAR NEU AT NOVENA LOCATION
Health City Novena will extend beyond just healthcare, to embrace a wholistic eco-system that encompasses research and education, and related supporting services. To support this, we will need a growing workforce of healthcare professionals, both local and expatriate. This is expected to bolster demand for accommodation in the vicinity.
Schools. For families with young children, having good schools nearby is always a concern. Here we have St Joseph’s Institution Junior just across Moulmein Road from the Neu @ Novena location, easily within a 1 km radius. Within a 2 km radius, there are St. Margarets’ Primary (Wilkie Road), CHIJ Primary (Toa Payoh), Anglo-Chinese Junior at Winstedt Road, and Anglo-Chinese Primary (Barker Road).
- Accessibility. Being located within the Core Central Region location allows for fast access to the Central Business District. The Neu at Novena condo is also a 5 minute drive from the nearest CTE (Central Expressway) exit, and 10 minutes from a PIE (Pan Island Expressway) exit.
- 1 to 3 Mins Walk to MRT
- 10 to 12 Mins Walk to MRT
- 13 to 15 Mins Walk to MRT
- 16 to 18 Mins Walk to MRT
- 19 to 21 Mins Walk to MRT
- 22 to 24 Mins Walk to MRT
- 25 to 27 Mins Walk to MRT
- 28 to 30 Mins Walk to MRT
- 31 to 33 Mins Walk to MRT
- 34 to 36 Mins Walk to MRT
- 37 to 39 Mins Walk to MRT
- 4 to 6 Mins Walk to MRT
- 7 to 9 Mins Walk to MRT
- Deferred Payment Scheme
- Dual Key Units
- Luxury High-End Project
- Near Park / Nature Reserve
- Near Reservoir
- Near Shopping Mall
- Near Sports Complex
- Near to City
- Payment Scheme
- Prime District
- Progressive Payment Scheme
- Proximity to Primary School
- Sea / Water Views
- Special Discounts
- Special Features
- Star Buys
- Walk to MRT
- Within 1KM of Ai Tong Primary School
- Within 1KM of Anglo Chinese Primary School (Barker Road)
- Within 1KM of Catholic High
- Within 1KM of Cedar Girls Primary School
- Within 1KM of Holy Innocents Primary School
- Within 1KM of Kong Hwa Primary School
- Within 1KM of Maris Stella
- Within 1km of Methodist Girls' Primary School
- Within 1KM of Nan Chiau Primary School
- Within 1KM of Nan Hua Primary School
- Within 1KM of Nanyang Primary School
- Within 1KM of Ngee Ann Primary School
- Within 1KM of Paya Lebar Methodist Girls' Primary School
- Within 1KM of Raffles Girls Primary School
- Within 1KM of River Valley Primary School
- Within 1KM of Rosyth Primary School
- Within 1KM of Singapore Chinese Girls' Primary School
- Within 1KM of SJI Junior
- Within 1KM of St Andrews Primary School
- Within 1KM of Tao Nan Primary School