25 May '17, 4am

Oxley Holdings acquires freehold property at East Coast for S$10.5mil

Oxley Holdings Limited had exercised an option to acquire the freehold property at 494 Upper East Coast Road for S$10.5 million. With a land area of 1,292.1 sq m, the property is zoned “part residential/part road”. In an SGX filing, Oxley revealed plans to “redevelop the property, subject to obtaining all the necessary approvals from the relevant authorities”. It noted that the purchase price was “arrived at on a willing buyer-willing seller basis after taking into account current market prices of properties in the surrounding area and the company‘s assessment of the property’s redevelopment potential”. To be funded by bank borrowings and internal resources, the purchase is expected to be completed on 16 August 2017. The group does not expect the acquisition to materially affect its net tangible assets per share or earnings per share for the current financial year ending 3...

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

Tweets

Logan Property turns to Singapore in its bid to...

propertyguru.com.sg 25 May '17, 6am

Drawn by the city-state’s stable operating environment and low tax system, Logan Property Holdings marked its maiden foray...

Buying a freehold property in Singapore is stil...

thefinance.sg 25 May '17, 3am

I have been reading your recent posts about upgrading to private housing. I happen to work in a landuse planning agency, h...

Logan Property turns to Singapore in its bid to...

propertyguru.com.sg 25 May '17, 4am

Drawn by the city-state’s stable operating environment and low tax system, Logan Property Holdings marked its maiden foray...

News Roundup (May 2017)

propertyguru.com.sg 26 May '17, 1am

Our top Singapore property stories. Rare sea-facing landed homes to launch in Sembawang A new freehold strata landed housi...

Investing for singles

propertyguru.com.sg 26 May '17, 1am

The supply of HDB flats increased from 880,000 units in 2006 to 1.01 million units last year. As such, singles have more o...

Now’s an ideal time to buy private property: experts https://t.co/YD9xMEmZLq

Now’s an ideal time to buy private property: ex...

propertyguru.com.sg 26 May '17, 1am

Property seekers were keen to find out more about The Creek @ Bukit project in the Upper Bukit Timah area. Amid the proper...

KSH Holdings FY2017 net profit down 33.4%

propertyguru.com.sg 29 May '17, 3am

KSH’s share of profit from associated companies also posted lower, mainly due to the decreases in share of profit from Seq...

LGBT individuals voicing their opinions over what they feel are unfair housing policies:

LGBT individuals voicing their opinions over wh...

propertyguru.com.sg 26 May '17, 1am

(L-R): Olivia Chiong and her wife Irene Chiong, with their two daughters. A growing number of individuals in Singapore’s L...