RH Eunos, a unit of property developer Roxy-Pacific Holdings has bought a site at Jalan Eunos which is a freehold site near to Paya Lebar as well as Eunos. The site has a gross floor area of 1.4 and is located at an easily accessible place in Eunos by Pan Island Expressway. The purchase for The Navian will be funded by internal funds and will not have any material impact on the group’s consolidated earnings and net tangible assets per share for the current financial year.
The Navian Purchase No Impact on Current Financial Year
Occupying a central yet tranquil area right next to the Pan Island expressway and at the nerve-center of Eunos, the Navian serves as the perfect gateway to the city’s major locations. A 99 year-old freehold residential project designed primarily as a boutique development, the Navian features 48 designated premium units of freehold units. However the development is a work in progress and is expected to be completed in 2021.
Purchase from Local Funds
The units are cut out as of three, four, and five bedroom apartments. The development lacks no facility necessary for a luxurious lifestyle. Facilities available include indoor tennis court and gymnasium, outdoor playgrounds for children, BBQ area and indoor/outdoor swimming pools. The purchase will be from internal funds and no impact will be seen on financial year 31 Dec 2016
Impact on Current Financial Year Roxy Homes
Overlooking the Kaki Bukit –a first-rate industrial estate, the Navian development is situated in a cluster of fabulous Roxy Home luxurious developments in the city. Its prime location grants easy access to Paya Lebar central, Geylang Serai Market and Food center. Skirting around a few feet away from the project’s vicinity are Kaki Bukit MRT station and the Eunos MRT station. Also in close proximity to the development are academic institutions such as the Bedok secondary school and the Manjusri Secondary school. In addition to these, the close proximity of two mega shopping malls –Singapore shopping mall and Paya Lebar center– to the project ensures that residents are set up for a luxurious lifestyle with a kick.