Roxy-Pacific snaps up Grange Road residential site

The 15,780 sq ft. land costs $48.5m.

Property and hospitality group Roxy-Pacific Holdings is expanding its portfolio as it eyes the acquisition of a residential site along Grange Road.

Its wholly-owned subsidiary, RPV Assets has entered into an agreement to acquire all the Strata Lots and the Common Property comprised in Strata Title Plan No. 2364 for $48.5m, which will be drawn from internal funds and bank borrowings.

The said freehold site has an estimated total land area of 15,780 sq ft and an existing plot ratio of 2.1 for residential apartment development.

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