Roxy-Pacific Holdings Ltd has inked an agreement to acquire five adjoining, two-storey shophouses on Upper Bukit Timah Road for $17 million.

The property sits on a freehold residential site with a combined land area of 10,256 sq ft and an existing plot ratio of 2.5 under the Master Plan 2014

The cost of the acquisition will be financed by internal funds and bank borrowings.