THE IVERIA CONDOMINIUM

Freehold Singapore River Valley Condominium

The Iveria condo is a new freehold residential development in the prime River Valley district of Singapore. It is being developed by the Macly Group, a local developer focusing mainly on small to medium sized freehold projects in good locations.

These appeal to investors, as they are more affordable. The Iveria Singapore itself is a flagship project of Macly’s The Ove Collection, a premium lifestyle brand. It features architecture inspired by the Flatiron building in New York City.

Macly’s The Ove Collection . The Iveria Singapore

It will house only 51 exclusive 3 bedroom residences. Interior finishes will be specially curated to a high level of detail and quality, such as stainless-steel cladded kitchens, glass wardrobes, and so on.

The Iveria site is at the corner of two roads, River Valley Road and Kim Yam Road. Hence it has dual frontages of 30 to 35 metres on these sides. Because of that, the Iveria condo is relatively unblocked, especially units facing the low-rise homes of Oxley Road across River Valley Road.

The Iveria Condo Location at River Valley near Orchard Road

Higher level units may even get views to Orchard Road northwards, and to the city skyline and Marina Bay on its south-east.

The Iveria Singapore . Sky Deck

The nearest MRT station currently is Somerset Station at Orchard Road. And in future, once the second phase of the Thomson-East Coast Line is completed around 2021, the Great World City MRT station will be about 600 metres away, or an 8 to 9 minute walk.

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Background to the Iveria Condo

The plot of land that the Iveria condo sits on was previously occupied by Riviera Point. In February 2018, the Macly Group bought over Riviera Point for SGD$72 million through an en bloc or collective sale.

This purchase price equates to land rate of about SGD$1,462 per square foot per plot ratio. It is one of the lowest land rates for upcoming freehold launches in the Orchard Road vicinity, and will give the Iveria a price competitiveness edge.

That should appeal to investors looking for affordable quality buys. Especially since River Valley generally enjoys healthy rental demand, due to its proximity to the trendy Robertson and Clarke Quay lifestyle enclaves, and the Central Business District.

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About the Iveria Singapore Neighbourhood

River Valley is ranked among the top residential districts in Singapore. It fringes Orchard Road and the Singapore River area, and is not too far from the Raffles Place / Marina Bay financial districts. This estate comprises an interesting mix of private residences, conserved shophouses, and old warehouses that have been beautifully re-purposed into a variety of uses.

The Iveria Condo at River Valley

Given its proximity to Orchard Road, this place will certainly would not lack for amenities. And if you prefer something closer, UE Square mall is a 10 minute walk away.

In addition, the Iveria is an 8 or 9 minute walk, roughly 500 to 600 metres, to Robertson Quay. This is a popular wining and dining enclave along the Singapore River, an attractive juxtaposition of old and new architecture and ambience.

Also, the fact that the Iveria condo location is within 1 km of River Valley Primary School might interest families with young children. River Valley Primary is a highly rated school with a long tradition and history.

The Iveria Singapore . Pool Side Deck

This location is also well served by public transport, including two MRT stations within walking distance. It takes about 11 to 12 minutes to get to Somerset station on the North-South line, while the upcoming Great World station on the Circle line will open around 2021, likely before the Iveria Singapore completes.

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The Iveria Condominium . View from Entrance

The Iveria Floor Plans . Flexible Layouts

The Iveria Singapore is being developed by Macly Group, in a joint venture with Lim Wen Heng Holdings Pte Ltd.

Macly is a local real estate development company that has been operating since 1987.

In the process, they have established a solid track record of residential developments that have included landed and cluster houses, private condominiums and commercial property, and mixed developments. They were among the first to lead the “Compact and Affordable” trend.

Five Nine by Macly Group . Developer for The Iveria Singapore

Among the Macly Group’s launches, most of which have been successfully completed, are ones like Thomson V1 and V2, Zedge, Mackenzie 138 (sold out in 2004 within one month), Wilkie 80, Five Nine, Newton Edge, Suites @ Amber, Suites @ Owen, and Guillemard Edge that fully sold out all 275 units within 2 weeks of its 2012 launch.

International Developments and Joint Ventures

The Macly Group has developed a number of projects in partnership with Roxy-Pacific Holdings Limited as well. Among these are Nottinghill Suites, Haig 162, Natura @ Hillview, and mixed developments like Eon Shenton and Millage.

In addition, Macly has ventured abroad into overseas markets. It collaborated with Roxy-Pacific to launch the “Wisma Infinitum”, an 800+ unit project in an upscale location in the Kuala Lumpur CBD. Macly also launched Skyville 8 @ Benteng in Kuala Lumpur recently, in partnership with Premium Developer Sdn Bhd.

Infinitum in KL by Macly Group . Developer for The Iveria Condo

Hospitality Arm . Lloyd’s Inn

The hospitality arm of the Group’s business runs hotels under the Lloyd’s Inn branding. These were established with a concept of Zen-like tranquility within the city.

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Lim Wen Heng Holdings Pte Ltd

Lim Wen Heng has been established since 1994 as a construction specialist in Singapore. It has achieved A1 contractor ranking with the Building & Construction Authority (BCA).

It prides itself on its ability to build modern, functional homes that embody its vision of “Creating Beautiful Homes for Everyone”.