RH Eunos, a subsidiary of Singapore-based property developer and investment company Roxy-Pacific Holdings, has entered into an agreement to purchase the $10.978 million freehold residential site located at Jalan Eunos.
According to Roxy-Pacific in SGX filing, the site covered the lots at 180, 182 & 184 Jalan Eunos with 1.4 gross plot ratio and a land area of approximately 7,685 sq ft under the 2014 Master Plan.
RH Eunos plans to merge the site to another site at 178 and 180A Jalan Eunos, which is also freehold. This site has been acquired last February 2016 for residential development.
Roxy-Pacific Holdings will finance the acquisition costs through bank borrowings and internal funds.