Roxy-Pacific builds up Singapore landbank

Singapore

ROXY-PACIFIC Holdings, which posted an 81.5 per cent drop in third-quarter group net profit to S$1.5 million, has built up a Singapore residential landbank in the past couple of years that can potentially generate over 400 freehold private homes in seven projects.

These will be from the 271,627 sq ft of potential gross floor area attributable to the group that can be developed on the seven sites.

The seven include the group's S$36.3 million purchase of Dunearn Court through a collective sale announced …