Join the club! The wife and I only knew about this boutique developer when we visited Viva Vista. But it looks like you be hearing a lot more about Oxley Holdings, as they will soon be listed on the Singapore Exchange’s Catalist board. Oxley also plans to launch another five residential and commercial projects by end-2010.
Chief executive Ching Chiat Kwong told BT and ST that Oxley will roll out freehold projects at Devonshire Road, Holland Road, Kovan Road, Stevens Road and Telok Kurau Road with a total of 338 residential units and 28 shops in all by end of this year.
And according to ST, they will be mid-tier to high-end developments, either incorporating a retail element or supported by existing commercial centres nearby, with most having fewer than 50 flats each. Units will range from studios of about 300sqft to penthouses of between 700sqft to 1,000sqft. About half of its residential units will be so-called shoebox apartments of less than 500sqft.
Including the five developments due to be rolled out by end of this year, Oxley has in its landbank a total of nine residential and residential-cum-commercial sites on which a potential 517 homes and 35 shops can be built.
The property developer also owns a 60-year leasehold industrial site at Ubi Road. It also bought a 21-storey freehold office block at Robinson Road, The Corporate Office, from City Developments for $215 million last month. Oxley intends to redevelop the project in the future.
The company has launched five developments in Singapore since Mr Ching set it up with other investors in 2009. Three of the projects – Suites @Katong, Parc Somme and Loft @Rangoon – have been fully sold. The remaining two, Viva Vista and RV point, are around 99% and 84% sold respectively.
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