Roxy-Pacific Holdings is making its second biggest land acquisition in Singapore's current property cycle.
The developer is adding its 11th land site to its portfolio with the $106-million purchase of 27 Moulmein Rise, as announced last night.
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Roxy Pacific |
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Source: DBS Vickers |
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The freehold residential site -- currently vacant -- and a small adjacent plot has an estimated total land area of 22,198 sq ft.
It can be redeveloped into a 20-storey residential apartment with a maximum permissible gross floor area of 72,003 sq ft.
It is a short stroll to the Novena MRT Station as well as the retail and F&B hubs of Velocity Novena Square, Square 2 and United Square.
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The top 2 land purchases of Roxy-Pacific:
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