The site has an estimated land area of 8,761 sq ft and has a plot ratio of 2.8 under the 2019 Master Plan for residential development.
Roxy-Pacific Holdings, on Feb 18, has subscribed for 840,000 shares in Mequity Hills for $840,000, through its wholly-owned subsidiary, RP Ventures.
Mequity Hills, which has since become an associate of Roxy-Pacific Holdings, entered into an agreement to acquire a 999-year leasehold residential site comprised within Lot 99458P and 99470L of TS 21 at 10A and 10B Institution Hill, Singapore at the purchase price of $33.6 million.
