A subsidiary of Roxy-Pacific, Mequity Hills Pte Ltd, has purchased a residential site at 11 Institution Hill for $23 million. The land area of 11 Institution Hill, which is the site of the 5-unit Institution Ville, is 5,539 square feet.
Before this acquisition, Mequity Hills purchased the two sites of 10A and 10B Institution Hill for $33.6 million in February 2021.
The developer will amalgamate the three land sites of 10A, 10B and 11 Institution Hill and develop a residential project comprising of 72 apartments.
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