February 8, 2018

Roxy-Pacific has entered into an agreement to acquire another plot of land in Lorong Kismis, Singapore at a purchase price of S$5.7 million. The property is a residential site with a tenure of 99 years with effect from 9 November 1960. It has an estimated total land area of 9,473 square feet, with an existing plot ratio of 1.4 for residential development. The Group intends to amalgamate this with another plot bought earlier for residential redevelopment. The combined site has a total estimated land area of 100,336 square feet. Share price closed at S$0.570