RV MILLENIA CONDOMINIUM
The RV Millenia condo is a new residential development in the prime District 9 River Valley area. It offers a chance to own a brand new freehold home or investment property within a reasonable walking distance from Orchard Road, at a lower quantum than most other developments in the vicinity.
This project is being launched by Roxy-Pacific Holdings, a locally grown firm with a penchant for spotting and acquiring freehold land, and building smaller, more affordable units. It will open for sale around mid to 3rd Quarter 2018.
Background to the RV Millenia Condo
The RV Millenia condo site was formerly vacant land, zoned under the URA 2014 Master Plan for residential apartment development. It was acquired by Roxy-Pacific through its fully owned subsidiary, RH Capital Two, for SGD$110 million via private treaty, in August 2017.
On top of that, there was a development charge of around SGD$17.6 million.
Teo Hong Lim, executive chairman of Roxy Pacific Holdings, said at the time of the acquisition, that the land cost of $1,582 PSF per plot ratio, was premised on the company’s view that prime properties were undervalued, and was in recovery mode.
His view has been fully vindicated by a rapidly rising market since then. New properties near by are now selling at over $3,000 PSF, and cost of land alone in the further out Bukit Timah area is already close to $2,000 PSF.
About the RV Millenia Singapore Neighbourhood
This area is in District 09, one of the most upmarket districts in Singapore, and on the fringe of the Orchard Road shopping belt. The neighbourhood is an almost exclusively private residential estate.
RV Millenia has the added attraction of being across the road from the highly rated River Valley Primary school, and certainly within the all important 1 km radius of it.
Shopping-wise, the RV Millenia location is a 650m walk from Great World City mall, a 700m walk to 111 Somerset, and around 900m to the Orchard Road shopping district.
Currently the site is about 950m from Somerset MRT station. But what is more important is that by the time the RV Millenia condo is ready to move into, the Great World MRT station, 200m or 3 minutes walk away, will have completed in 2021.
RV MILLENIA SINGAPORE · FACTSHEET
|Developer||RH Capital Two
(Subsidiary of Roxy-Pacific Holdings)
|Status||Condominium (Foreigners eligible to buy)|
|Address||344 River Valley Road Singapore
Lot (99606T of Town Subdivision 21)
|Site Area||2,675.4 m² (28,798 sq ft)|
|Floor Area||7,491 m² (80,634 sq ft)|
|No. of Storeys||18|
|No. of Units||148|
|Description||Private condominium development comprising 148 residential apartments with communal facilities, pool and car parking|
RV MILLENIA FLOOR PLANS
The RV Millenia condo floor plans are not finalised yet. Kindly drop a note via the Contact Form if you would like us to email you the RV Millenia floor plans once available.
RV MILLENIA SITE PLAN
The RV Millenia Singapore site is within a residential zone at River Valley, with a direct frontage to River Valley Road to its south. On its east is Wilmer House, a mid-rise apartment block. To its west is Riverdale Residence, with the Verv @ RV beyond that. Both are roughly the same height as what the RV Millenia condo will be.
However, RV Millenia has a fair bit of breathing space, as the southern half of it overlooks the tennis court of Wilmer House on one side, and the pool of Riverdale Residence on the other. To the back of the site are a landed house and a low-rise apartment block, so it is pretty unblocked on that side too.
RV MILLENIA SHOWFLAT · VIEWING
The RV Millenia showflat is not open for viewing yet. Please let us know via the Contact Form if you wish to be kept posted when the RV Millenia condo showflat opens.
RV MILLENIA PRICES · UNIT TYPES
UNIT TYPES . SIZES
|Unit Description||Type||No. of Units||Strata Area
|Total Number of Units||148|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
THE RV MILLENIA CONDO PRICE RANGES
Status as at 25 May 2018 – RV Millenia prices are not finalised yet. Kindly drop us a note via the Contact Form below if you wish us to keep you posted on the indicative pricing.
Expect the exact RV Millenia condo prices to be announced only on the Preview sales day itself. However indicative prices will be available before that.
The land price for the 28,798 sq ft RV Millenia site works out to around $1,582 per square foot per plot ratio (PSF PPR), inclusive of the development charge of close to $17.6 million.
After factoring in development, construction, overheads, and financing, the break even cost could be as high as $2,200 PSF PPR.
The freehold RV Millenia pricing strategy should follow that of Guocoland’s Martin Modern, says Religare Capital Markets.
Only a 10-min walk away, the 99 year leasehold Martin Modern is currently selling at around $2,600 to $2,800 PSF, and is 56% sold. Freehold property is typically priced at around 20% to 25% higher than for leasehold property.
RV MILLENIA SINGAPORE · DEVELOPER
The RV Millenia Singapore is being developed by Roxy-Pacific Holdings Limited, an established local property and hospitality group, with a track record that goes all the way back to 1967.Roxy Pacific listed on the SGX Mainboard in March 2008, and holds a sizeable property portfolio that includes residential properties, hotels, and shopping centres.
It is engaged mainly in the development and sale of residential and commercial properties.
In its property development business, Roxy-Pacific is a recognised brand name for small to mid-size residential projects such as apartments and condominiums targeted at the middle to upper middle income clientele.
From 2004 to date, the Group has developed 45 small-to-medium sized developments totalling over 4,300 residential and commercial units in Singapore, Malaysia and Australia.
In addition, it generates recurring income streams through its investment portfolio that includes the Grand Mercure Roxy Hotel in the heart of Katong. Beyond Singapore, the Group has opened upscale boutique hotels under the Noku Roxy name in Kyoto, Japan, and in Osaka. It has also acquired a resort in Maldives, and land parcels for development into hotels, in Phuket, Thailand.
Apart from these, Roxy-Pacific owns retail property in Singapore, as well as a 50% interest in a 14-storey freehold commercial block at 117 Clarence Street in Sydney’s CBD, and Melbourne House, a freehold six-storey commercial & retail building in Melbourne’s CBD. In New Zealand, the Group owns NZI Centre, and has a 50% interest in an office building at 205 Queen Street, in the Auckland CBD.
RV MILLENIA CONDO LOCATION · FEATURES
- Location. The RV Millenia condo location is a plum site in River Valley, on the doorstep of the upmarket Orchard Road shopping belt, and close to the Raffles Place CBD / Marina Bay financial district.
Shops, Hotels, Banks, F&B, Supermarkets. This particular spot of River Valley is around the Killiney Road / St. Thomas Walk area, that is close to the Somerset part of Orchard Road.The nearest good-sized shopping mall within walking distance is actually Great World City, around 650m or a 9 minute walk away. It’s got all the necessities like supermarket, banks, shops, food court, cafes, restaurants, fast food joints, and quite a number of lifestyle outlets.
But if you don’t mind walking a bit further, a 15 minute stroll will bring you to the shopping haven of Orchard Road. Literally lined with malls, hotels, cafes and restaurants from one end to the other. And if you want something different for a change, there are the old coffeeshops along Killiney Road.
- Lifestyle Amenities. The RV Millenia location is within walking distance of the Robertson Quay area too, that is home to an eclectic mix of wine bars, restaurants, alfresco dining, hotel cafes, bistros, pubs, and art houses.This night entertainment scene located at the uppermost reach of the Singapore River has its own charm, composite of an enticing blend of old and new. With pleasant spots for a relaxed evening chilling out with friends, or an intimate dinner by the River.
- Schools. If it is important to you to have an address within one km of River Valley Primary School, then the RV Millenia location is ideal. It is just diagonally opposite River Valley Road from the school.There are international schools in the vicinity too. Like the Chatsworth International (Orchard Campus) at Cairnhill Road, and the International School Singapore (Paterson Campus).
- Nearest MRT Station. The RV Millenia condo location is 950m, or around 14 minutes walk, to Somerset MRT station on the North-South Line. But once the Great World MRT station on the Thomson East Coast line opens as scheduled in 2021, the nearest entrance to an MRT station will be 200m, or a 3 minute walk away. As RV Millenia is aiming to complete in 2022, the timing fits nicely.
- Accessibility. The RV Millenia location is pretty central. Besides being a 5 minute drive from Orchard Road, and 10 minutes from the Central Business District and Marina Bay Financial District, it offers quick access to the CTE (Central Expressway).
- 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 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