RH Capital Two Pte. Ltd, developer of RV Altitude, provides real estate development services. The company was newly incorporated in 2017 as a subsidiary of Roxy-Pacific Holdings Limited.
Roxy-Pacific Holdings Limited is an established property and hospitality group with an Asia-Pacific focus and a track record that extends back to May 1967.
Listed on the SGX Mainboard on 12 March 2008, the Group 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 and Noku Osaka, 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 2017, the Group developed and launched 44 small-to-medium sized developments comprising a total of more than 4,300 residential and commercial units in Singapore, Malaysia and Australia.
Grand Mercure Singapore Roxy, a major asset of the Group, is self-managed under franchise agreement with international hotel operator, Accor Group. Strategically located in the East Coast area, the hotel is close to the CBD, the Changi airport and the Marina Bay Resort Casino. Beyond Singapore, the Group has opened its first upscale boutique hotel under the Noku Roxy brand name in Kyoto, Japan, followed by Osaka, Japan and has acquired a resort in Maldives and other land parcels intended for development into hotels in Phuket, Thailand.
For Property Investment, the Group owns 52 retail shops at The Roxy Square Shopping Centre in Singapore. In Australia, Roxy-Pacific owns a 50% interest in a 14-storey, freehold, commercial building at 117 Clarence Street in Sydney’s CBD and Melbourne House, a freehold six-storey commercial and retail building in Melbourne’s CBD. In Auckland, the Group owns NZI Centre and has a 50% interest in the office building at 205 Queen Street, marking Roxy-Pacific’s maiden foray into New Zealand.
NEWS ON ACQUIRING LAND FOR RV ALTITUDE
RH Capital Two Pte. Ltd., has entered into an agreement to acquire a freehold residential site situated at Lot 99606T of Town Subdivision 21 along River Valley Road, at the purchase price of SGD 110,000,000. The said freehold residential site has a total land area of 28,798 sq ft and an existing plot ratio of 2.8 under the 2014 Master Plan for residential apartment development. The cost of 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 December 31, 2017.