Oxley Holdings

Oxley inks deal to sell Chevron House for S$1.03b

Property developer Oxley Holdings announced on Tuesday morning that it has signed a deal to sell Chevron House for up to S$1.025 billion, just 16 months after acquiring the prime office building in Raffles Place for S$660 million in December 2017. Oxley said that on April 29, it entered into a sale and purchase agreement with Golden Compass (BVI) for the latter to buy the entire interest in its wholly...

Oxley appoints agents for sale of Mercure, Novotel Hotels

Having initially called off the sale of its Mercure and Novotel Hotels on Wednesday, property developer Oxley Holdings announced on Thursday that it has appointed CBRE, Jones Lang LaSalle Property Consultants and JLL Hotels & Hospitality Group as its exclusive agents for the properties. The agents will be tasked with sourcing, marketing, evaluating, negotiating and securing a purchaser for the hotels on...

Oxley selling Stevens Rd hotels for close to S$1b

Oxley Holdings has accepted a letter of intent (LOI) for the purchase of its Mercure and Novotel hotels along Stevens Road for S$950 million, in what market watchers call an urgent attempt by the developer to pare its debt. The Business Times understands that the buyer is Indonesian magnate Tahir. In a late announcement on Thursday, Oxley said the LOI is non-binding and subject to the parties...

Oxley to acquire 40% stake in Australian developer for A$32m

OXLEY Holdings will invest A$32 million (S$33 million) for a 40 per cent stake in an Australian property and construction company. Announcing this in a filing to Singapore Exchange before market opened on Tuesday, the mainboard-listed real estate developer said it intends to purchase a 40 per cent stake in Pindan Group, a four-decade-old privately owned property and construction company based in Western...

Oxley sells 241 units in London Royal Wharf project for £59.9m

PROPERTY developer Oxley Holdings has agreed to sell 241 units at Plot 21 of the Royal Wharf Development in London for £59.9 million (S$115.6 million). The buyers have paid £1.8 million of the consideration amount, and will pay the remainder upon completion of Plot 21, which is expected to be in the fourth quarter of 2018. The sale was carried out by Oxley's wholly owned unit Oxley Wharf Property...

Oxley Holdings makes foray into Japanese property market

Homegrown lifestyle property developer Oxley Holdings has made its foray into the Japanese property market. It has acquired Chiba Port Square, a mixed development located in the heart of Chiba City's port area in Greater Tokyo. This follows an announcement by Oxley earlier in November that it was planning to buy the property for ¥3.55 billion (S$39.5 million) from Masuya Home Company. With a site...

Oxley ‘to build hotel’ on Pines land

The Pines club on Stevens Road is expected to make way soon for a new 735-room hotel housed in two eight-storey blocks, as well as a couple of two-storey commercial buildings, people familiar with the matter told TODAY, following the sale of the property to “shoebox apartment king” Ching Chiat Kwong of Oxley Holdings for S$318 million. A four-storey clubhouse with a basement will replace the existing...

Oxley Holdings to unveil new developments

Oxley Holdings is set to unveil two new residential developments: Loft@Holland and Vibes@Kovan. Loft@Holland is a 42-unit apartment building located at 151 Holland Road. It consists of 37 one-bedroom units, with sizes ranging from 323 sq ft to 484 sq ft, and four units of two-bedroom penthouses, ranging from 980 sq ft to 1,141 sq ft. The development has a basement car park, swimming pool and a gym. Its...

Man who made ‘shoebox apartments’ a lifestyle to venture overseas

Mr Ching Chiat Kwong, the man who made shoebox apartment living a new lifestyle, is now thinking big. The policeman turned entrepreneur is planning to build similar apartments abroad, especially in China and neighbouring countries like Vietnam. For Mr Ching, the developer of about a dozen projects with apartments as tiny as 258 sq ft at Suites@Guillemard, small is beautiful. But to go abroad he needs...

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