{"id":41246,"date":"2017-01-20T10:11:33","date_gmt":"2017-01-20T03:11:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-posts-stellar-sales-profit\/"},"modified":"2017-01-20T10:28:45","modified_gmt":"2017-01-20T03:28:45","slug":"oxley-posts-stellar-sales-profit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-posts-stellar-sales-profit\/","title":{"rendered":"Oxley posts stellar sales, profit"},"content":{"rendered":"


\nChing Chiat Kwong, Executive Chairman and CEO at Oxley Holdings.
\nOxley Holdings announced on Thursday (19 January) that its net profit surged by 58 percent to $130.9 million during the last six months of the preceding year, compared to the same period in 2015.
\nAt the same time, the Singapore-based developer\u2019s revenue increased by 19 percent year-on-year to $732.2 million due to the sale of units at five local mixed-use projects, take-up and delivery of units at The Royal Wharf Phase 1A, and income recognition on Oxley Tower upon its completion last December. It was also boosted by rental income primarily from its 70 percent stake in industrial property Space @ Tampines.
\nAs of 31 December 2016, Oxley recorded total unbilled sales of $2.6 billion, of which around $0.49 billion was attributable to projects in Singapore, while about $2.11 billion was derived from overseas developments. Revenue to be recognised by the group amounts to approximately $3 billion.
\nMeanwhile, 99 percent and 93 percent of the units under Phase 1A and Phase 1B of its Royal Wharf development in London have been sold respectively as of January this year.
\nLast month, the group unveiled the first phase of its maiden residential and commercial project in Batam, Oxley Convention City, with 45 percent of the launched units being taken up.
\n\u201cWe made consistent good progress and achieved several milestones during the past few quarters. The geographical expansion and diversification will not only mitigate single country risk and generate more growth opportunities, but should also enhance our revenue stream and continually improve our financial position,\u201d said Oxley\u2019s Executive Chairman and CEO, Ching Chiat Kwong.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Oxley posts stellar sales, profit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ching Chiat Kwong, Executive Chairman and CEO at Oxley Holdings. Oxley Holdings announced on Thursday...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-41246","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-aJg","jetpack-related-posts":[{"id":24360,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-full-year-profit-surges-123\/","url_meta":{"origin":41246,"position":0},"title":"Oxley full-year profit surges 123%","date":"August 30, 2016","format":false,"excerpt":"\r Oxley Holdings is developing the Royal Wharf, a massive waterfront development in London.\u00a0 Despite tough market conditions, Singapore-listed Oxley Holdings\u2019 net profit surged by 123 percent on an annual basis to $295.4 million for the financial year ended 30 June (FY2016), according to an SGX filing by the group.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-profit-surges-121-in-q1\/","url_meta":{"origin":41246,"position":1},"title":"Oxley profit surges 121% in Q1","date":"May 14, 2019","format":false,"excerpt":"\r Its profit gain was primarily due to fair value gain of investment properties both in Singapore and overseas. Home-grown property developer Oxley\u2019s profit soared 121 percent to $67.4 million in the first quarter of 2019, from $30.6 million over the same period last year, primarily due to fair value\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104691,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-insists-it-can-repay-its-hefty-debts\/","url_meta":{"origin":41246,"position":2},"title":"Oxley insists it can repay its hefty debts","date":"March 5, 2019","format":false,"excerpt":"\r Oxley\u2019s executive chairman and CEO Ching Chiat Kwong. Developer Oxley Holdings has clarified that it expects to recognise a higher amount of revenue from its local and overseas developments than what was recently reported, revealed an SGX filing on Friday (1 Mar). \u201cThe group\u2019s local projects are worth approximately\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90384,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-leapfrogs-cdl-as-singapores-largest-developer\/","url_meta":{"origin":41246,"position":3},"title":"Oxley leapfrogs CDL as Singapore\u2019s largest developer","date":"June 4, 2018","format":false,"excerpt":"\r Oxley\u2019s executive chairman and CEO Ching Chiat Kwong. Oxley Holdings has surpassed City Developments Limited (CDL) as the city-state\u2019s biggest property developer in terms of the number of sellable homes, reported Singapore Business Review. In fact, Oxley and its joint venture partners are set to build more than 4,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-now-holds-the-largest-residential-land-bank\/","url_meta":{"origin":41246,"position":4},"title":"Oxley now holds the largest residential land bank","date":"January 24, 2018","format":false,"excerpt":"\r After a flurry of overseas ventures, Oxley Holdings now holds the biggest residential land bank in Singapore by the number of dwelling units at almost 4,000 units, reported Business Times. This comes after the Singapore-listed developer acquired huge en bloc sites such as Rio Casa and Serangoon Ville via\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/from-policeman-to-property-developer\/","url_meta":{"origin":41246,"position":5},"title":"From policeman to property developer","date":"November 23, 2017","format":false,"excerpt":"\r Oxley Holdings CEO Ching Chiat Kwong. Ching Chiat Kwong has juggled many roles in his life. Never one to shy away from taking risks, he took the plunge to become a developer 10 years ago. Today, his company Oxley Holdings is a major property player, both at home and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/11\/Mayfair-Gardens-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41246"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=41246"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41246\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=41246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=41246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=41246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}