SINGAPORE (Aug 8): Roxy Pacific’s pricing strategy for its latest planned River Valley freehold condo should follow Martin Modern, says Religare Capital Markets.

Only a 10-min walk away, Guocoland’s luxury project is now selling at $2,000-$2,500 psf and sold 15% out of 450 units when launched on July 22.

In a Monday night filing, Roxy Pacific announced it plans to redevelop a freehold plot in River Valley Road which it has acquired for $110 million, into an apartment block of at least 18 stories with more than 100 units.

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