Details of Roxy-Pacific's acquisition of Mori Condo (Molek At Guillemard) for S$93 million
Mori Condo is one of the expected projects this year of Roxy-Pacific. Reportedly at the time of bidding for this project, which was Singapore's largest private housing transaction at the time, Roxy-Pacific Holdings purchased it for a free residential development for $93 million. Singapore. Located at 217-223A Guillemard Road and 1-21A Jalan Molek, the property occupies a total land area of approximately 37,131 square feet (sq ft). Currently, there are 15 adjacent two-story terrace houses on the site with a total base floor area of approximately 77,071 sq ft.
According to Cushman & Wakefield, a trading environment company, the details of Mori Residences have been announced through official documents. It will be planned as a 5- to 8-storey residential building with 137 units. The upcoming development will include a basement, a first-floor car park, a second-floor swimming pool and a sixth-floor communal landscaped roof. Of course, the amenities of this apartment will help diversify residents' living functions with fitness center, wellness area, BBQ pit and sundeck. In addition, the Guillemard Facade has a five-story limit set forth by the Urban Redevelopment Authority, while the Jalan Molek Street Facade has an eighth-floor limit.
Becoming an iconic project, Mori Condo received the expectations of many apartment seekers. Discover the connection of the project to see why it is so attractive!
Additionally, Cushman & Wakefield also noted that under the proposal, Mori Condo (Molek At Guillemard) could have a total maximum floor area (GFA) of approximately 103,967 sq ft, which could increase to approximately 114,364 sq ft after inclusion. 10% of the balcony area. In a listing filing, Roxy-Pacific said a 2.8 lot rate is allowed for residential development on the site. According to previous information, Roxy-Pacific said the free ownership site will be purchased through the purchase of 9,999-year rental property interest in 30 strata lots on this site.
Mori Condo - Less than a 10mins walk from the Mountbatten, Dakota, and Aljunied MRT stations
Everyday convenience and unparalleled accessibility combine to make Mori Condo a highlight as it's only a 9-11 minute walk to Aljunied, Dakota and Mountbatten subway stations. Just a few minutes' walk from the site is another upcoming free condominium, Arena Residences, also developed by Roxy-Pacific. Launched in November 2018, the 98-unit project at 20 Guillemard Crescent is expected to be completed by August 2022. Also in the vicinity is the NoMa apartment complex of 50 newly launched free-standing apartments near here by Macly Group, launched in August along Guillemard Road.
According to Mr. Shaun Poh, CEO of capital markets of Cushman & Wakefield, he believes that in the near future, more developers will enter the market to replenish their residential land bank, due to the near-term project sales. This has continued well since the easing of movement restrictions in Singapore and other parts of Asia.
Precisely because Mori Molek is located in a vibrant area in the central east, it has provided this new project with a refuge from the hustle and bustle of the city and daily access to all the amenities. Amenities and entertainment options are available in the dynamic area. Residents can enjoy a range of lifestyle amenities, including shopping, dining, and access to prestigious schools, in this exclusive area.
Roxy Pacific has been building some of Singapore's most prestigious residential developments, including Eon Shenton and Bukit 828. Roxy Pacific Holdings has a strong reputation and has won numerous awards. And Mori will soon become their next impressive project in the near future Also according to upcoming expectations, luxury home buyers will be able to take advantage of Mori's much-anticipated launch. With Roxy Pacific Holdings Ltd committed to creating Mori's success, house owners will feel comfortable and confident to participate in booking at this project.
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