PROJECT DETAILS

Pacific Mansions was sold to GuocoLand and Hong Leong Investment Holdings, in the 2nd quarter of 2018, for S$980 million. This amount is 4.5% higher than the reserve price of S$938 million. The land site is set within the Prime area, District 09, Core Central Region of Singapore, and is bounded by River Valley Road and River Valley Close. It has a large land size of 128,532 square feet. 

 

The River Valley area is popular with expatriates as well as young professionals making for easier rental. Properties here have good long-term potential and the district is near the Orchard Road shopping district as well as the many eateries along Robertson Quay and Boat Quay. Chinatown and Liang Court are just a quick drive or bus ride away.

 

The site’s off-the-main-strip exclusive vibe plus its proximity to the buzz of the town centre and its many transport options would be attractive attributes investors look at for their next buy.

Other residential developments which are closeby to Pacific Mansions include Yong Ann Park, Aspen Heights, The Morningside, One Devonshire, Residences@ Killiney, Martin Place Residences and Rivergate.

 

New Condo at River Valley Road, former site of Pacific Mansions- Connectivity
As of current, the nearest train station from New Condo at former site of Pacific Mansions is Somerset North South Line Train Station which is approximately 800 m. Its future residents will be able to transit to the North East Line and the Circle Line Train Services located at the Dhoby Ghaut Train Interchange which is just 1 station away from the Somerset Station. New and upcoming Condo at former site of Pacific Mansions will have greater accessibility in the future when Great World Train Station located approximately 500 m away starts its operation in 2021. New Condo at site of Pacific Mansions future residents will be able to access to the Thomson Line Train Services which is available at the station. Its residents will be able to get to Orchard easily as it is just a train station away from Orchard Train Station.

For drivers, New Condo at site of Pacific Mansions is approximately 4 minutes’ drive away from the downtown financial district. It is also easily contacted to the Central Expressway (CTE) which interconnects to various major Expressways. This allow easily island wide driving to many parts of Singapore.

 

New Condo at River Valley Road, at former site of Pacific Mansions- Education
New Condo at site of Pacific Mansions is close to schools such as River Valley Primary School, St Margaret Primary School, Anglo-Chinese Junior School, Zhanngde Primary School, Outram Secondary School, Gan Eng Seng School and Raffles Girls’ Secondary School. It is also close to Teritary Insitutions such as Nanyang Academy Of Fine Arts, The University of Chicago Booth School of Business and Singapore Management University. For expat families with school going children, New Condo at site of Pacific Mansions close to Finnish Supplementary School, Swedish Supplementary School, Overseas Family School, ISS International School (Elementary), Chatsworth International School Orchard Campus and Eton House International School.

New Condo at River Valley Road, at former site of Pacific Mansions- Amenities
New Condo at site of Pacific Mansions s a short stroll from the Great World City where its future residents can access to various retail, eating, leisure and entertainment facilities. It is also less than 1 km away from Orchard Road where major shopping malls are plenty such as TripleOne Somerset, Orchard Central, Scape, Liang Court, The Heeren, Mandarin Gallery and The Centrepoint . Major food centres that are within short radius from Pacific Mansions include Zion Riverside Food Centre, Havelock Road Block 22A Food Centre, Tiong Bahru Market, Beo Crescent Block 38A Market and Food Centre, Hong Lim Market & Food Centre, Chinatown Complex Market and Food Centre and People’s Park Complex Food Center.

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LOCATION Map and AMENITIES

Amenities Near New Condo at River Valley Road

FACILITIES SITE PLAN and FLOOR PLANS E-BROCHURE

The Facilities and site plan of new and upcoming condo in former site of Pacific Mansions, off River Valley Road, are currently seeking approval from relevant authorities. If you would like to be updated on first hand information for New Pacific Mansions, Please
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PRICE TRENDS FOR DEVELOPMENTS IN DISTRICT 09

River Valley Road

LOCATED SHORT DISTANCE TO KEY GROWTH DISTRICT

Core Central Region, Singapore URA Master Plan 2014

Singapore Urban Redevelopment Authority URA Master Plan 2014 envisions some exciting developments for the whole of Singapore's central area including Tanjong Pagar, The Greater Southern Waterfront District,  City Hall, Marina Bay, Suntec and Bugis-Rochor area. The new prime City Central area will be a place for the people to engage community and arts, showcase Singapore's creative and artistic expression and links to Singapore's past and future aspirations. There will be more pedestrian- friendly precincts, public spaces and parks, night lightings and trees.

City Centre at Marina Bay is a unique and dynamic waterfront district, Garden City by the Bay, extending seamlessly from the CBD and it is zoned to be

• the next CBD, focusing on financial and business related activities
• More Commercial, residential buildings, hotel and entertainment spots are to be built.
• It will be a lifesytle destination for variety of water-based activities and events.
• Exensive road and rail network in the pipeline and 
• Padestrain bridges that loops attractions and open spaces around the Bay.

Marina South will have

• a new population catchment as it will have a residential district of 9,000 new homes, with mix-development plan of hotels, offices and entertainment
• elevated landscape walkway that links the Bay South Garden to Marina South seafront
• 800 metres padestrain walkway beween the upcoming Marina South and Gardens by the Bay MRT Station
• underground carpark that allows motorists to drive between buildings that reduce ground level traffic
• feaures that can collect rain water and harness wind energy
• continuous waterfront promenade will be creaed from Marina South to Labrador for joggers and cyclists.

Beach Road/ Ophir- Rochor will have abundant conveniences being in the heart of City.

• It will be further of the CBD with extension of convention, offices and hotel hub of Marina Centre
• There will be more developments of office cluster for financial business institutions.
• It will be turned into an exciting Commercial hub, blending with entertainment, cultural and lifestyle.
• It will be turned into a strategic transport hub, the area will be well connected by rail and road network to many parts of Singapore.

PACIFIC MANSIONS ALONG RIVER VALLEY ROAD SOLD TO GUOCOLAND AND HONG LEONG HOLDINGS THROUGH COLLECTIVE SALES

GUOCOLAND and the Hong Leong Investment Holdings group have won a bid to buy the Pacific Mansion condominium development in River Valley for S$980 million, setting a new high among recent en bloc deal amounts.

The deal beats out the recent sales of Tampines Court, for S$970 million, and Amber Park, for S$907 million, for the largest en bloc transaction in the current cycle. It is surpassed only by the S$1.3 billion sale of Farrer Court more than a decade ago.

The winning bid represents a 4.5 per cent premium to Pacific Mansion's reserve price of S$938 million.

Each owner of the development's 290 apartments will stand to receive a gross payout of S$3.26 million to S$3.48 million, while the owners of the two shop units there will pocket between S$2.2 million to S$4.5 million each, said marketing agent CBRE.

The freehold 128,352 square foot site has a plot ratio of 2.8 under the Urban Redevelopment Authority's 2014 Master Plan, but its maximum allowable gross floor area works out to 542,544 sq ft because its existing gross floor area is already 493,222 sq ft with a 10 per cent bonus balcony area. Based on the maximum allowable gross floor area, the purchase price works out to S$1,806 per sq ft per plot ratio.

Mainboard-listed GuocoLand holds a 40 per cent stake in the bid. Hong Leong Investment Holdings' Hong Leong Holdings Ltd and Hong Realty hold the remaining 40 per cent and 20 per cent stakes respectively. Hong Leong Investment Holdings is also a substantial shareholder of Guocoland.

GuocoLand says the property, which lies within prime District 9, can be developed into a luxury condominium. It is within walking distance to Great World MRT station that is under construction and near to GuocoLand's Martin Modern project.

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