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Roxy-Pacific acquires freehold residential sites for $22.5 mil

Samantha Chiew Published on Fri, Sep 15, 2017 / 6:06 PM GMT+8

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SINGAPORE (Sept 15): Roxy-Pacific Holdings announced that its associate company, RH Guillemard, has agreed to acquire freehold residential sites at 12 and 14 Guillemard Lane for $22.5 million.

Both the sites have a combined land area of 12,138 sq ft and an existing plot ratio of 2.8 under the 2014 master plan for residential development.

The acquisition will be funded by internal funds and bank borrowings.

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