SINGAPORE-Specialty property and hospitality group Roxy-Pacific Holdings has acquired a freehold residential site at No.180A Jalan Eunos for S$10.1 million.
The site has an estimated total land area of 13,491 sq ft and an existing plot ratio of 1.4 under the 2014 Master Plan for residential apartment development.
The cost of the acquisition will be financed by internal funds and bank borrowings, Roxy-Pacific said in an announcement on the Singapore Exchange. The acquisition is not expected to have a material impact on the group's consolidated earnings and net tangible assets per share for the financial year ending Dec 31, 2015.
None of the directors or controlling shareholders of the company has any interest in the Acquisition, other than through their shareholdings in the company, Roxy-Pacific said.