Golden Flower Group

Oxley Land unit buys stake in owner of Devonshire site

Redevelopment could yield about 120 units averaging 300 sq ft each GOLDEN Flower Group, controlled by the family of Indonesian businessman Nico Po, has sold a majority stake in the company that owns a residential site at 55 Devonshire Road. The buyer is an an associate company of Oxley Land. The deal is understood to have valued the freehold site at about $1,380 per sq ft per plot ratio inclusive of an...

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