Roxy-Pacific buys residential land in Australia for A$15.65m
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
ROXY-PACIFIC Holdings on Wednesday said its subsidiary has entered into contracts to buy the land at 6A and 8 Buckingham Road, Killara New South Wales, Australia, for A$15.65 million (S$15.69 million).
The properties have a freehold tenure with a land area of about 3,792.2 square metres. The vendor of the properties has obtained development approval to develop two residential flat buildings comprising 43 apartments and 63 residential car spaces.
The acquisition is subject to conditions, including obtaining approval from the Foreign Investment Review Board of Australia.
It will be financed by internal funds and bank borrowings and is not expected to have a material impact on the group's consolidated earnings and net tangible assets per share for the current financial year ending December 2015.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
