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Roxy-Pacific adds 7,685 sq ft site to Jalan Eunos residential project for S$11 million

Wednesday, September 14, 2016 - 17:39
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ROXY-PACIFIC Holdings has agreed to acquire a freehold residential site at Jalan Eunos for S$10.978 million, the developer announced on Wednesday after the market closed.

ROXY-PACIFIC Holdings has agreed to acquire a freehold residential site at Jalan Eunos for S$10.978 million, the developer announced on Wednesday after the market closed.

The site, which comprises lots at 180, 182 and 184 Jalan Eunos, has an estimated total land area of 7,685 square feet and an existing gross plot ratio of 1.4 under the 2014 Master Plan. Roxy-Pacific, through wholly owned subsidiary RH Eunos, plans to amalgamate the new site with an existing freehold site at 178 and 180A Jalan Eunos that it had acquired in February 2016.

The acquisition costs will be financed through internal resources and bank borrowings.

Roxy-Pacific shares closed at 42.5 Singapore cents on Wednesday.

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