A new upcoming new launch condo development, The Avenir is coming your way at River Valley Close District 9 of Singapore, formerly known as Pacific Mansion.

Singapore property tycoon Kwek Leng Beng and his Malaysian billionaire cousin Quek Leng Chan have joined forces for the $980 million purchase of a freehold site in Singapore’s upscale River Valley precinct.

Their acquisition of Pacific Mansion for the upcoming The Avenir in District 9 marks the biggest collective sale in more than a decade and the second-highest on record, according to CBRE, which brokered the deal.

Both Intrepid Investments and Hong Realty are majority-owned by Hong Leong Investment Holdings (HLIH), which is effectively controlled by Mr Kwek, though other family members also own stakes in these companies.

GuocoLand and Intrepid Investments each hold a 40 per cent stake in the project, while Hong Realty owns a 20 per cent interest.

The latest deal marks the largest transaction in the current collective sale cycle, exceeding Tampines Court’s $970 million and Amber Park’s $907 million, and is surpassed only by the sale of Farrer Court for $1.34 billion in 2007.

Pacific Mansion comprises 288 apartments and two commercial units. Owners representing more than 80 per cent of the strata area and share value of the development have consented to the collective sale. Each residential unit owner will stand to receive a gross payout of $3.26 million to $3.48 million. The shop units will receive between $2.2 million and $4.5 million.

Some of other development that are within close proximity to Pacific Mansion are The Regalia, Euro-Asia Court, Urbana, Martin Place Residences, Oleanas Residence, Langston Ville, Waterford Residence, Martin Modern, Yong An Park, RiverGate and Starlight Suites.

Things you might want to know more about The Avenir @ River Valley Close (Formerly Pacific Mansion) District 9.

• The Avenir @ River Valley Close Brochure
• The Avenir @ River Valley Close Showflat
• The Avenir @ River Valley Close Location
• The Avenir @ River Valley Close Floor Plan
• The Avenir @ River Valley Close Price PSF
• The Avenir @ River Valley Close Developer Sale / VIP Preview

* If you have any question pertaining to your existing property related matters, please do not hesitate to call or drop a mail with non-obligated discussion *

Showflat Appt and Brochure CLICK HERE