SINGAPORE (May 30): Roxy-Pacific says that its indirect associated company, RH Novena, is acquiring a freehold residential site located at 27 Moulmein Rise for $106 million.

The residential site has an estimated total land area of 22,198 sf and can be redeveloped into a 20-storey residential apartment with a maximum permissible gross floor area of 72,003 sf.

The group intends to fund this acquisition through internal funds and bank borrowings.

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