Roxy-Pacific snaps up Marine Parade site for $21.5m

It costs roughly $789 per square feet.

Roxy Pacific has acquired a residential site near Marine Parade for $21.5m, the property developer said in a release on Thursday. 

Located at 26 Sea Avenue, the site has a total land area of 19,474 sq ft. The purchase sum translates to around $789 per square feet.

The acquisition will be financed by internal funds and bank borrowings and is not expected to have a material impact on the group's earnings and net tangible assets per share for the current financial year. 

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