The apartments are housed in a building formerly known as 12 On Shan. It was purchased in March last year for $86.5 million by a joint venture led by Roxy-Pacific with partners Macly Capital and LWH Holdings. Chip Eng Seng Group CEO Raymond Chia said: “Our goal is to provide a stylish and comfortable sanctuary, delivering re-imagined hospitality experiences that will allow our guests to create cherished memories.”

Teo Hong Lim, executive chairman at Roxy-Pacific Holdings, said: “We see tremendous growth potential in this partnership, tapping into the expanding market and the evolving needs of travellers. Our goal is to serve guests worldwide, offering reliable and friendly service while perfectly catering to both short-term and long-stay guests.”

Momentus Serviced Residences Novena joins the 442-key Momentus Hotel Alexandra as the second property in the portfolio.