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Roxy-Pacific acquires 999-year leasehold site for $33.6 mil

Felicia Tan
Felicia Tan2/18/2021 06:34 PM GMT+08  • 1 min read
Roxy-Pacific acquires 999-year leasehold site for $33.6 mil
The site has an estimated land area of 8,761 sq ft.
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Roxy-Pacific Holdings, on Feb 18, has subscribed for 840,000 shares in Mequity Hills for $840,000, through its wholly-owned subsidiary, RP Ventures.

Mequity Hills, which has since become an associate of Roxy-Pacific Holdings, entered into an agreement to acquire a 999-year leasehold residential site comprised within Lot 99458P and 99470L of TS 21 at 10A and 10B Institution Hill, Singapore at the purchase price of $33.6 million.

The site has an estimated land area of 8,761 sq ft and has a plot ratio of 2.8 under the 2019 Master Plan for residential development.

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