Roxy-Pacific

Roxy-Pacific Holdings said on Wednesday that it has been granted an order for sale from the High Court for its announced acquisition of freehold residential property in District 10 known as Wilshire. The firm partnered Tong Eng Group's managing director Teo Tong Lim to acquire the residential site at Farrer Road for S$98.8 million, it announced in January. The 39,130 sq ft site was collectively sold...

PROPERTY developer Roxy-Pacific Holdings has agreed to acquire five adjoining two-storey shophouses on Upper Bukit Timah Road for S$17 million in total, it said in a Singapore Exchange filing on Tuesday. It said the shophouses made up a freehold residential site with an estimated total land area of 10,256 square feet and an existing plot ratio of 2.5 under Singapore's 2014 land use master plan. The...

ROXY-PACIFIC Holdings has agreed to acquire a freehold residential site at Jalan Eunos for S$10.978 million, the developer announced on Wednesday after the market closed. The site, which comprises lots at 180, 182 and 184 Jalan Eunos, has an estimated total land area of 7,685 square feet and an existing gross plot ratio of 1.4 under the 2014 Master Plan. Roxy-Pacific, through wholly owned subsidiary RH...

Property developer Roxy-Pacific has agreed to acquire a freehold residential site near Marine Parade for S$21.5 million, it said in a bourse filing on Wednesday. The plot, at 26 Sea Avenue, has a total land area of 19,474 sq ft and an existing plot ratio of 1.4 under the 2014 Master Plan for residential apartment development. For that size, the purchase sum works out to roughly S$789 per sq ft per...

Singapore's property cooling measures do not appear to have hurt the bottomline of property and hospitality group, Roxy-Pacific Holdings. Roxy-Pacific booked an 8 per cent rise in second quarter net profit to S$17.7 million, due partly to higher revenue from its property development business. Its market capitalisation leaped from S$190.97 million at listing, to S$410.6 million as of July 31,...

Roxy-Pacific Holdings is acquiring a strata-development site at 80 Changi Road for S$53.2 million. The freehold site has a land area of 2,455.7 square metres and will hold a proposed commercial development with a plot ratio of 3.0 The acquisition will be fully funded through Roxy-Pacific Holdings' internal funds and bank borrowings. It says the acquisition is not expected to have any material impact on...

Shaw Brothers Limited has sold the former Singapura Theatre site at No 55 Changi Road to a consortium for $44.9 million. The consortium includes Roxy-Pacific Holdings and Macly Capital. This works out to $768 per square foot of potential gross floor area for the freehold property. No development charge (DC) is payable for the 19,497 sq ft site, which is zoned for commercial use with a 3.0 plot ratio under...

Property and hospitality group Roxy-Pacific Holdings Ltd. has announced that net profit in the third quarter jumped 42 percent to S$8.9 million from S$6.3 million in the previous quarter. The increase came on the back of a 41 percent increase in revenue to S$53.1 million in Q3, driven by a 44 percent surge in revenue to S$40.5 million from its property development segment. Overall, Roxy-Pacific achieved...

Property developer Roxy-Pacific said yesterday that its unit, Mequity, bought Toh Tuck Apartments in an en bloc deal for $33.9 million. The freehold site, located at Toh Tuck Road, is the first collective sale in District 21 - which comprises Upper Bukit Timah and Clementi - this year. The site has an area of 40,449 square feet, a plot ratio of 1.4 and can be built up to five storeys. A development...

Property developer Roxy-Pacific said its second quarter net profit rose 37 per cent to S$12.8 million on the back of a 27 per cent growth in revenue to S$55.4 million. Roxy said the improvement in turnover was a result of a 25 per cent increase in revenue from its Property Development segment, as well as a 145 per cent surge in revenue from its Property Investment segment. The group's Hotel Ownership...