Roxy-Pacific arm acquires Sophia Mansions

Guess how much the purchase price is for this 17,545 sq ft freehold property.

In a release by Roxy-Pacific Holdings Limited, its wholly owned subsidiary RP Assets Pte. Ltd. has entered into a conditional agreement to acquire a freehold residential site comprised within TS 19 Lot 464N at 14 Adis Road, Singapore 229977 and also known as Sophia Mansions at the purchase price of S$43,300,000.

Here's more from Roxy-Pacific:

The said freehold residential site has a total land area of 17,545 sq ft and an existing plot ratio of 2.1 for residential apartment development. The Acquisition is subject to and conditional upon obtaining of an Order for Sale from the Strata Titles Board or High Court approving this sale and purchase, if necessary.

The cost of the Acquisition will be financed by internal funds and bank borrowings and is not expected to have a material impact on the Group’s consolidated earnings and net tangible assets per share of the Company for the current financial year ending December 31, 2012. None of the Directors or controlling shareholders of the Company has any interest, direct or indirect in the above transaction, other than their shareholdings in the Company.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia