Macly, Roxy-Pacific and LWH to buy Institution Hill sites for $33.6 mil
Macly Group, Roxy-Pacific and LHW Holdings have bought 2 residential sites at 10A and 10B Institution Hill for $33.6 million. The land area of the two sites is 8,761 square feet.
The developers intend to combine the 2 sites with a neighbouring site of 11 Institution Hill, which houses a project named Institution Ville.
The 3 sites when combined will have a total site area of 14,300 square feet.
As the three sites have a plot ratio of 2.8, the new residential development on the eventual amalgamated site will have a Gross Floor Area (GFA) of 40,040 square feet.
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