PUBLISHED Wednesday, August 31, 2016
A UNIT of property developer Roxy-Pacific Holdings has inked a contingent consent to purchase a freehold private site at Pasir Panjang Road for S$33.25 million, it said in a Singapore Exchange filing on Wednesday evening.
It said the site, known as Harbour View Gardens, has an expected aggregate land size of 30,745 square feet and a current plot proportion of 1.4 for private residential development.
The purchase is restrictive upon Roxy’s unit RH Developments acquiring an “order for sale” from the Strata Titles Board or the High Court favoring the deal, Roxy included.
It said it would finance the acquisition with internal funds and bank loans.
Roxy-Pacific shares were not traded on Wednesday. They last closed flat at S$0.465 on Tuesday.
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