120 Grange Condo at Grange Road and Orchard by Roxy Pacific Holdings

0

120 Grange Road Condo at Grange Road is an upcoming condominium slated to be launched by Roxy Pacific Holdings.

This post will give you a review of 120 Grange Road condominium.

Use the following quick navigation content page or contact us immediately to register your interest in 120 Grange Road.

Quick Navigation

  1. Condominium summary
  2. Condominium location
  3. Unit mix
  4. Floor plans
  5. Pricing
  6. Showflat location
  7. Site plan
  8. Gallery
  9. Condominium facilities
  10. Surrounding amenities i.e. Transport, education, healthcare, shopping/entertainment and outdoor/fitness amenities
  11. Government masterplan
  12. Macro-environment: Global and Singapore house prices; supply; vacancy
  13. Micro-market environment: Demand; supply; rents and yields; prices
  14. Potential capital gains and investment returns
  15. Interest rates
  16. Other purchase details
  17. Site background
  18. Developer background
  19. Contact us/register interest
  20. Other project information

Condominium summary

Project name 120 Grange Road
Developer Roxy-Pacific Holdings
Plot ratio 2.1
Land size 15,780 sqft
Total units 56
Number of towers 1
Unit types 1 bedroom, 2 bedrooms, 2 dual key
Number of floors 17

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public.

Condominium location

120 Grange Road new condominium is located along Grange Road, and is closely located near Orchard Boulevard (along the Thomson East Coast Line) and Orchard MRT station.

120 grange road location and showflat

Click here for a Google maps link to 120 Grange Road.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public.

Unit mix

120 Grange consists of a mix of 1 bedroom, 2 bedroom and 2 bedroom dual key units.

Finalized details will be launched shortly by the developer in April.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Floor plans

Detailed information on the floor plans of 120 Grange Road will be released by Roxy Pacific Holdings in mid April.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Pricing

Pricing for 120 Grange Road will be released by Roxy Pacific in mid-April.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Showflat location

The showflat location for 120 Grange Road will be released in mid-April.

The showflat will be likely very near the actual condominium or may be in a nearby shopping centre along Orchard Road.

A Google Maps link will be provided once the information is released.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Site plan

120 Grange Road has  very functional, squarish site plan and is located behind Paterson Court, One Tree Hill Mansions and beside Cliveden @ Grange and One Tree Hill Residence.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Gallery and views

120 Grange Road is located within walking distance of Orchard Road, various international schools, the Tanglin area and Botanic Gardens.

Orchard road 120 grange road 3 Orchard road 120 grange road 2 Orchard road 120 grange road

120 Grange Road North View120 grange north view120 Grange Road South View120 grange south view120 Grange Road West View120 grange west view

Detailed artist impressions and drawings will be provided in mid-April.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Condominium facilities

Being a mid sized condo, 120 Grange Road will offer basic and sufficient amenities for residents.

Such amenities will include a swimming pool and gym.

Confirmed information on amenities for 120 Grange Road will be released in mid-April.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Surrounding amenities

Being in the heart of Orchard Road, there is no lack of amenities and transport options for residents of 120 Grange Road.

The following will give you an idea of the transport, education, healthcare, shopping/entertainment and fitness/outdoor amenities around the development.

Transport

Immediately outside 120 Grange Road condominium is a bus stop with service 75.

This service will bring residents from Marina Promenade to Choa Chu Kang.

The nearest expressway exit will be exit 4 of the Central Expressway which is approximately 10 min away by car.

Holland Road is also easily accessible from 120 Grange Road and is about 3 min drive away.

The upcoming Thomson East Coast line will be open in stages from 2019 to 2024.

Both Orchard Boulevard and Orchard MRT stations will be about 3 to 7 min walk from 120 Grange Road.

120 grange road thomson east coast line

Specifically, the Orchard Boulevard MRT station will be open by 2021.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Education

According to OneMap, there are the following primary schools within a 2km radius of 120 Grange Road new condominium.

Within 1km

  • Alexandra Primary School

Within 2km

  • Gan Eng Seng Primary School
  • Queenstown Primary School
  • River Valley Primary School
  • Zhangde Primary School

Other secondary schools, institutes of higher education/learning, private and international schools include

Secondary schools:

  • Crescent Girl’s school
  • Singapore Chinese Girls’ School
  • Anglo Chinese School (Barker Road)

Private and international schools:

  • International School Singapore (ISS) Elementary/Middle School
  • Amity Global Business School
  • Institute for adult learning
  • Avondale Grammar School
  • Phoenix Park office campus

Libraries:

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Healthcare

Mount Elizabeth Hospital, Mount Elizabeth medical centre and Paragon Medical Centre are within walking distance of 120 Grange Road.

These medical buildings, centres and hospitals offer services to international medical tourists and have a very high quality of patient care.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Shopping, entertainment, food, drinks etc.

There is no lack of shopping and entertainment amenities around 120 Grange Road since it is located in the heart of Orchard.

Some of the amenities include the following

Shopping malls and entertainment areas

  • Ion Orchard
  • Wisma Atria
  • Tang Plaza
  • Shaw House
  • Lucky Plaza
  • Paragon
  • Ngee Ann City
  • Takashimaya Shopping Centre
  • The Heeren
  • Mandarin Gallery
  • Cathay Cineleisure Orchard
  • 313 @ Somerset

Watering holes

  • Cuppage Plaza
  • The Centrepoint
  • Emerald Hill Conservation Area
  • Robertson Quay

Embassies

Being in the heart of Orchard Road means there are many embassies in the area.

This supports property prices and values, and gives the 120 Grange area an aura of prestige and exclusivity.

Some of the country embassies include

  • Embassy of Republic of Indonesia
  • Embassy of the Russian Federation
  • British High Commission
  • Embassy of the United States of America
  • Embassy of the People’s Republic of China
  • Interpol Global Complex

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Outdoor/fitness amenities

For fitness and outdoor buffs, the Botanic Gardens is a stone’s throw from 120 Grange Road.

For those who like to play golf, the Tanglin public golf course is approximately 3-5 mins drive away.

The Singapore river is about 10 min walk or 3-5min drive from 120 grange Road, and leads directly to Robertson Quay, Clarke Quay and the CBD.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Government masterplan

The Orchard Road Business Association is the main governing body charged with enlivening the Orchard Road area.

Some of their recent activities include Best dressed building contests, Christmas on a great street 2018, Fiesta on a great street 2017 among many others.

More recently at the end of 2017, a Shibuya-style crossing was implemented at the intersection of Cairnhill Road and Orchard Road.

The initiative was well received and is set to enliven the entire road by encouraging freer flow of pedestrian traffic to both sides of Orchard Road.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Macro-environment

The following sections will provide a snapshot on the global and islandwide property market health.

Global house prices

Compared to surrounding countries such as Hong Kong, Singapore property prices are actually much lower, having gone through a mini correction since 2013.

Compared to countries such as New Zealand, Australia, Britain, Canada and Spain, Singapore property offers very good value.

120 grange road house prices

 

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Singapore house prices

Since mid 2017, Singapore’s property prices as measured by the URA’s property price index have shown a mild recovery.

This reverses 15 quarters of decline that has occurred since 2013.

120 grange island wide property price index

In addition to the organic rise in property prices across the island, the increasing number of en-bloc deals will foreshadow an injection of a large amount of cash into the property market over the next 1-2 years.

This is likely to happen on the back of cash-rich buyers being active in the market and searching for a new place to stay.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Islandwide supply

Based on URA’s statistics, future supply of private residential units (private condo and executive condominiums) are expected to peak in 2018 and taper off over the years.

For homebuyers and investors, this will be beneficial as fewer supply for a constant level of demand will mean upward pressure on prices.

The market will also gradually turn landlord favourable.

Pipeline supply of private residential units and executive condominiums

120 grange road future residential supply

 

Quick links: 1) Quick navigation 2) Contact us to registregister your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Islandwide vacancy

According to the URA, the vacancy rate for the Core Central Region stands at 11.2%.

This is off the highs of 11.9% in 4Q2014.

For potential investors in 120 Grange Road condominium, this is a compelling opportunity to be the owner of a coveted District 9 address.

120 grange road vacancy islandwide

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Micro-market environment

The following sections will provide a snapshot of the micro-market health where 120 Grange Road condominium is situated.

Demand

For investors who are thinking of renting out 120 Grange Road, there is a large pool of tenants, both Westerners and Easterners, who may possibly be looking to rent.

Many of the potential tenants will likely be office workers and white collar professionals working in the CBD.

For white collar professionals who do not wish to rent in the CBD where they work, some would choose the Orchard area given it’s choice location and a wider range of amenities and entertainment options.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Supply

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Rents and yields

Rents for properties in the district 9 are definitely on the lower end compared to other parts of Singapore because of the exclusive nature of the district.

Buyers and investors interested in this area are usually not here for the property yield but the aspiration to own a property in the heart of town, near Orchard Road.

120 Grange Road can meet this aspiration and provide buyers with a comfortable and luxurious environment to stay in.

Investors will also have no trouble finding tenants to rent a unit in this mid-sized apartment because of its proximity to Orchard Road and future MRT stations.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Prices

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Potential capital gains and investment returns

Orchard Road is expected to maintain its prime position as the shopping belt in Singapore, attracting tourists and shoppers from all around the world.

As a result, 120 Grange Road condominium is likely to benefit from the continued growth and popularity of the surrounding area and shopping blet.

In addition, the government’s policy to keep Singapore open to skilled talent mean that 120 Grange Road can be easily rented out to white collar professionals.

Given the long term returns of 7% for the Singapore property market, as measured by the URA property price index, it is not impossible to imagine that homeowners and investors can get more than 7% after rental, leverage and capital appreciation is accounted for.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Interest rates

SIBOR rates have stayed relatively stable for the last 2 years, with latest SIBOR rates at about 1.25%.

The main factor that affects SIBOR rates is the monetary policy of the Federal reserve in the US.

The Fed is expecting 3-4 rate hikes this year, but whether they pan out will depend on the health of the economy, inflation and unemployment figures.

It may be wise to lock in a fixed rate of borrowing if you wish to purchase 120 Grange Road.

120 grange road sibor rates

For a graphical history of SIBOR rates, please see this page.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Other purchase details

For foreigners who wish to purchase 120 Grange Road, there is a flat 15% of Additional Buyer Stamp Duty (ABSD) applied to the purchase price.

For Singapore citizens, there is no ABSD payable if this is your first property purchase but a 7% and 10% ABSD respectively for the second and third/more property being purchased.

For permanent residents, there is a 5% ABSD payable on the first property purchase, rising to 10% and 15% for the second and third/more private property being purchased.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Site background

SINGAPORE-LISTED Roxy-Pacific Holdings said on Thursday its wholly owned subsidiary RPV Assets Pte Ltd would acquire the development at 120 Grange Road for S$48.5 million.

The freehold residential site has an estimated total land area of 15,780 square feet and an existing plot ratio of 2.1 for residential apartment development, the group said in a filing to the local bourse.

The acquisition will be financed by internal funds and bank borrowings and is not expected to have a material impact on the group’s consolidated earnings and net tangible assets per share of the company for the current financial year ending Dec 31, 2016.

Subsequent to the above acquisition, RPV Assets will change its name to RH Orchard Pte Ltd.

Source: Business Times

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Developer background

Listed on the SGX Mainboard on 12 March 2008, Roxy Pacific is principally engaged in the development and sale of residential and commercial properties (“Property Development”).

The Group’s recurring income streams are strengthened through its flagship hotel in the heart of historical Katong, Grand Mercure Singapore Roxy, self-managed upscale boutique hotel, Noku Kyoto, in Kyoto, Japan, and other investment properties in Asia-Pacific (“Hotel Ownership and Property Investment”).

In Property Development, Roxy-Pacific is an established brand name for small to medium size residential developments such as apartments and condominiums targeted at middle to upper middle income segments.

Between 2004 and 2016, the Group developed and launched 43 small-to-medium sized developments comprising a total of more than 4,000 residential and commercial units in Singapore, Malaysia and Australia.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Contact us/register interest

120 Grange Road is your ticket to living in the heart of the city and close by to Orchard Road.

Experience how it is like living in luxury and style, contact us today so that you can get a VVIP preview to the showflat when it opens and first hand information when it is released by the developer.

My budget is (required, select one)
Up to S$750,000Up to S$1mUp to S$1.25mUp to S$1.5mUp to S$1.75mUp to S$2mUp to S$2.5mUp to S$3mUp to S$4mAbove S$4m

I am buying for (required, select all that apply)
Own stayInvestmentOthers

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public

Other project information

E-Brochures, attachments and documents will be uploaded when they are released by Roxy Pacific Holdings.

Quick links: 1) Quick navigation 2) Contact us to register your interest in 120 Grange Road condo by Roxy Pacific Holdings and to receive VVIP passes for entry to the showflat before opening to the public


LEAVE A REPLY

Please enter your comment!
Please enter your name here