BlackRock buying serviced apartment block near Novena for S$100 million

[SINGAPORE] A BlackRock-led consortium is buying the freehold Momentus Serviced Residences Novena at 12 Shan Road, for just over S$100 million, The Business Times understands.

The 15-storey block is being sold by a joint venture comprising Roxy-Pacific Holdings, Macly Capital and LWH Holdings. The development’s 78 serviced apartments comprise studio, one and two-bedroom apartments. Facilities include a swimming pool, a fitness room and a rooftop garden.

The property is currently operated by SingHaiyi Group’s hospitality arm, Momentus. However, this arrangement is expected to be terminated as part of the sale.