Roxy gears up for launch of overseas projects

Singapore

PROPERTY and hotel group Roxy-Pacific Holdings, which has posted a 43 per cent year-on-year drop in second- quarter net profit to S$13.05 million, is getting ready to launch two overseas residential projects by year-end, its executive chairman and CEO, Teo Hong Lim, told BT.

One, in Kuala Lumpur, along Jalan Dewan Sultan Sulaiman, will have more than 700 apartments in two blocks. The other, in Brisbane, will have more than 400 apartments. Each project will have a small retail component.