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Roxy-Pacific acquires 120 Grange Road for $48.5 mil

Michelle Zhu Published on Thu, Nov 24, 2016 / 8:47 AM GMT+8

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SINGAPORE (Nov 24): Roxy-Pacific Holdings says its wholly-owned subsidiary, RPV Assets, has acquired all lots and common property of the development at 120 Grange Road for a purchase price of $48.5 million.

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

The acquisition’s cost will be financed by internal funds and bank borrowings, adds Roxy-Pacific in a filing to the Singapore Exchange (SGX) on Thursday.

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