31 Aug '17, 3am

Oxley Holdings to buy Yio Chu Kang property for $8.4 million

View of the residential property at 208 Yio Chu Kang Road. Source: Google Maps Oxley Garnet, a wholly-owned subsidiary of property developer Oxley Holdings, has exercised options to purchase six housing units with vacant possession at 208 Yio Chu Kang Road for a total of $8.4 million, the group said in an SGX filing on Wednesday (30 August). Located near Serangoon Gardens, the 99-year leasehold property has a land area of approximately 14,136 sq ft that is zoned for residential use. SEE ALSO: Amber Park and Jervois Gardens launched for sale Oxley intends to redevelop the property, subject to obtaining all necessary approvals from the authorities. The purchase price was arrived at on a willing buyer-willing seller basis after taking into account current market prices of properties in the area and the redevelopment potential of the site. The purchase will be funded by intern...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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