Roxy-Pacific bags Harbour View Gardens for $33m

Roxy-Pacific Holdings Limited, through its wholly-owned subsidiary RH West Coast Pte Ltd, has acquired the freehold residential development Harbour View Gardens for $33.0 million.

This translates to some $766.7 per square foot per plot ratio (psf ppr), based on the site area of 30,745 sq ft.

Under the 2008 Master Plan, the site is zoned for "residential" use, with a gross plot ratio of 1.4.

The existing three-storey residential development, which is located at 211/A to 223/A Pasir Panjang Road, comprises 14 units - seven maisonettes with an average floor area of 2,411 sq ft each and seven walk-up apartments with an average floor area of 1,195 sq ft each.

Source: Business Times – 26 July 2012