The developer plans to amalgamate the site with an adjoining freehold site that was previously acquired for residential development.
RH Eunos, a unit of property developer Roxy-Pacific Holdings, has agreed to purchase a freehold residential site at Jalan Eunos for $10.978 million.
Comprising lots at 180,182 and 184 Jalan Eunos, the site has a land area of about 7,685 sq ft and an existing gross plot ratio of 1.4 under the 2014 Master Plan, revealed Roxy in an SGX filing.
RH Eunos plans to amalgamate the site with another freehold site at 178 and 180A Jalan Eunos that it had acquired in February this year for residential apartment development.
Roxy will finance the acquisition costs via internal funds and bank borrowings.
It also does not expect the acquisition to have any material impact on the group’s consolidated earnings and net tangible assets per share for the current financial year.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
