Developer - Roxy-Pacific Holdings Limited
Roxy-Pacific Holdings Limited
Established in May 1967, Roxy-Pacific Holdings Limited (“Roxy-Pacific” or the “Group”), is an established property and hospitality group with an Asia-Pacific focus. It was 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 Grand Mercure Singapore Roxy hotel, self-managed upscale boutique hotels, Noku Kyoto and Noku Osaka, Japan, and first self-managed upscale resort Noku Maldives, and other investment properties in Asia-Pacific (“Hotel Ownership and Property Investment”).
The Group’s residential development projects typically comprise small-to-medium sized residential developments such as apartments and condominiums targeted at middle-to-upper income segments. Between 2004 and 2019, the Group developed and launched 54 small-to-medium sized developments comprising a total of more than 5,006 residential and commercial units in Singapore, Malaysia and Australia.
Grand Mercure Singapore Roxy hotel, a major asset of the Group, is self-managed under franchise agreement with international hotel operator, Accor Group. Beyond Singapore, the Group has opened its upscale boutique hotels under the Noku hotels brand name in Kyoto and Osaka, Japan, and upscale resort in Maldives. The Group’s second upscale resort in Phuket, Thailand, is targeted to operate in 2021.
For Property Investment, the Group owns 52 retail shops at Roxy Square Shopping Centre in Singapore. In Australia, Roxy-Pacific owns a 45% interest in a freehold six-storey commercial building at 312 St Kilda Road on the fringe of the Melbourne CBD. The Group also owns a 40% interest in a centrally-located, 10-storey commercial building at 33 Argyle Street, Parramatta, New South Wales. In Auckland, the Group owns NZI Centre and has a 50% interest in the office building at 205 Queen Street. In Tokyo, the Group recently acquired a 49% interest in a retail property at renowned retail districts at Shibuya, expanding Roxy-Pacific’s hospitality presence in Japan to the retail property sector.