Roxy-Pacific JV acquires Kismis View for $102.8 mil

SINGAPORE (Jan 19): Roxy-Pacific Holdings announced that its wholly-owned subsidiary, RP Ventures, along with joint venture (JV) partner, TE2 Development, is acquiring Kismis View for $102.8 million.

TE2 Development is a private family office of Tong Eng Group’s group managing director, Teo Tong Lim. This is the third JV between the two groups.

The residential site has a tenure of 99 years from Nov 21, 1983, with a total land area of about 90,863 sq ft and an existing plot ratio of 1.4.

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