The Iviera Former Riviera Point by Macly Group Information
The Iviera is a freehold development by Macly Group and is the former Riviera Point which was sold en bloc by Macly Group which is a reputed real estate developer in Singapore. Riviera Point had previously come across a purchaser via the public tender for whom the reserve price was S$75 million. Fortunately, they were able to seal a deal at the time of the 10-week long extension with the Macly Group.
Previously, in the years 2007, 2011, and 2013, the owners of Riviera Point which is 33-unit property whose location is located at River Valley made attempts to sell it via collective sale. Riviera Point is a property which was developed during the 90s and was eventually completed in 1993. According to CBRE, the marketing agent of the property, the 14,579 sq ft site has been zoned for residential use and in spite of the development having just 12 stories the new developer has been authorized to make a new 36-story high development due to new plot ratio.
The Iviera Freehold Condo by Macly Group
The marketing agent likewise asserts that at present the plot ratio of the site is 2.8, while the present GFA (gross floor area) is approximately 49,265 sq. ft. Nevertheless, the ratio of the new plot is going to be about 3.379. The land rate happens to be S$1,461 every sq. ft. per plot ratio as per the cost of S$72m at which the property was acquired by Macly Group. This is a bit lower as compared to the predicted asking cost of S$1,461,522 or S$75m per plot ratio.
Riviera Point is situated a prime location right at the core of District 9 and has likewise a decent road network. The development project comes with a Kim Yam road frontage of 35m plus a River Valley Road frontage of 30m. Moreover, you will likewise get an astounding view of the Orchard Road and other adjoining areas from the new development’s top floors.
The Iviera Former Riviera Point
Residents will also be able to enjoy a superb view of the skyline of Singapore from these top floors. On the contrary, those residing on the lower floors will get a wonderful view of the Oxley region. It should be quite easy for the Macly Group to sell the new units off after completion, given that they are in the close vicinity of some elite educational institutions like ISS and Chatsworth International schools, Somerset MRT as well as lots of other social facilities.
The fact that the property is freehold is definitely an advantage to the developer since no lease charges are going to be available to enhance the property’s overall cost. These types of additional expenses would undoubtedly affect the cost of the brand new housing units.
The Iviera Project Details
1,355 sq m (14,579 sq ft)
Gross Floor Area
4,578sq m (49,265 sq ft)
To be Advised
No of Units
Approximately 65 Units
Private Condominium Development
The Iviera Location
Please kindly see the location of the development here. The Iviera is located near to many amenities and shopping centres. There is also plenty of transport options available. The Iviera is also located near to Orchard where there are many shopping centres such as 313 Somerset as well as Great World City Shopping Centre.
The Iviera Site Plan
The Site Plan for The Iviera is not available for viewing yet. Please kindly leave your contact here. We will be in contact with you once the site plan is available.
The Iviera Floor Plans
The Floor Plans for The Iviera is not available for viewing yet. Please kindly leave your contact here. We will be in contact with you once the floor plans are available.
The Iviera Developer Macly Group
Macly Group is a real estate developer and has it’s headquarter based in Singapore and mainly focus on affordable real estate development. Macly Group has a great portfolio and a track record when it comes to its development record. Since its formation in 1987, the company has had a great experience on various property development and recorded great success in apartments and other commercial housing projects. Their latest development is the former Riviera Point by Macly Group.
Following the strong believe that existent in the company, within 7 years (2004 to 2011) Macly Group had recorded major growth and launched up to 20 developments. This accumulated to over 1000 commercial units and residential that were in Singapore. The company has remained on top when it comes to providing freedom and choice to home buyers creating value and quality at the same time.
Macly Group Developer for Private Condos
Macly Group focuses on local development creating great impact on when it comes to affordability of the apartment. The iconic shoebox apartment was one of the pioneer projects by Macly Group which was basically to create private apartments that were affordable.
When the company developed Mackenzie 138 which was compact and affordable, the sale was massive and within one month all the units were cleared. Macly Group has used most of the development to transform lives and give opportunity through modern and affordable housing. Development of shoebox apartments was magic as it was integrated with parking system that was mechanised. This was a great strategy to help deal with parking provision to the residents of the apartment who were set to occupy the development.
Macly Group Developer for Shoebox Units
The occupants of the facilities have a great moment to enjoy with great affordability and value. Macly Group has set a great standard on their projects introducing uniqueness in every development that they do. Even with the increasing prices of real estate in the market, Macly Group has remained committed to offering quantum private that come with low prices.
Most of the projects under Macly Group are affordable, convenient and freehold. Other moves to improve the muscles of the company have been seen through joint venture that saw the development of Millage, and Nottinghill Suites. The joint venture has also enabled the group to invest outside Singapore which has been done through the trusted partners.
More than 800 units will be launched after a successful partnership between Macly Group and Roxy Pacific Holdings. Due to the diverse areas that are covered by the company, Macly Group has now grown to be a brand that many across the world can easily identify with.
The Iviera Register Interest
Please kindly register your interest for The Iviera Condo here. A developer sales team for Macly Group will be in touch with you shortly for the development.