Roxy-Pacific snaps up Marine Parade site for $21.5m
It costs roughly $789 per square feet.
Roxy Pacific has acquired a residential site near Marine Parade for $21.5m, the property developer said in a release on Thursday.
Located at 26 Sea Avenue, the site has a total land area of 19,474 sq ft. The purchase sum translates to around $789 per square feet.
The acquisition will be financed by internal funds and bank borrowings and is not expected to have a material impact on the group's earnings and net tangible assets per share for the current financial year.