The Business Times
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SINGAPORE PROPERTY

Royal Group plans long-stay serviced apartment project in Claymore Road

The development, costing about S$185 million to S$190 million, will yield about 100 apartments

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Kalpana Rashiwala

Kalpana Rashiwala

Published Sun, Jun 28, 2026 · 03:38 PM
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    • The Singapore-based group is looking at monthly rentals of about S$7,500 to S$8,000 for the apartments in the proposed 18-storey project.
    • The Singapore-based group is looking at monthly rentals of about S$7,500 to S$8,000 for the apartments in the proposed 18-storey project. ILLUSTRATION: DP ARCHITECTS

    [SINGAPORE] Royal Group of Companies is planning to develop a long-stay serviced apartment project with about 100 units in Claymore Road.

    Bobby Hiranandani, the group’s co-chairman, estimated the all-in cost for the project at S$185 million to S$190 million.

    The figure includes the S$75 million the group paid for the 17,974 square foot (sq ft) freehold site at 11 Claymore Road last year, a land betterment charge of S$35.2 million, construction and fit-out costs, professional fees, buyer’s stamp duty and interest expense.

    Singapore propertyServiced residences

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