The Avenir is a redevelopment of the former Pacific Mansion located at 8 River Valley Close. The former Pacific Mansion was one of the largest en bloc deals sold at S$980m. The new development will comprise of 336 units housed in 2 towers of 36-storey each and it is jointly developed by Hong Leong Investment Holdings and Guocoland. The two developers have strong and reputable track records in property development in Singapore.
The Avenir, situated in the River Valley residential enclave gives you serenity while still being minutes away to the bustling city centre. The Avenir will be within 5 minutes walk to the future Great World City MRT and it is close to Mount Elizabeth Hospital, Fort Canning Park, and Clarke Quay. Schools are mostly a short drive away, such as ISS International School, Overseas Family School, and Outram Secondary School.
Guocoland and the Hong Leong Investment Holdings group have won a bid to buy the Pacific Mansion condominium development in River Valley for S$980 million, setting a new high among recent en bloc deal amounts. Mainboard-listed GuocoLand holds a 40 per cent stake in the bid. Hong Leong Investment Holdings’ Hong Leong Holdings Ltd and Hong Realty hold the remaining 40 per cent and 20 per cent stakes respectively. Hong Leong Investment Holdings is also a substantial shareholder of Guocoland.