isted 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, in Kyoto,
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 2016, the Group developed and
launched 43 small-to-medium sized developments
comprising a total of more than 4,000 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, has acquired a resort in Maldives
and acquired 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 28-storey freehold
commercial building at 59 Goulburn Street, Sydney, which
is strategically located in the CBD area. In February 2016,
it has acquired 50% interest in a 14-storey, freehold,
commercial building at 117 Clarence Street in Sydney’s