{"id":60604,"date":"2017-07-13T10:04:09","date_gmt":"2017-07-13T03:04:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-to-acquire-pasir-panjang-property\/"},"modified":"2017-07-13T10:10:31","modified_gmt":"2017-07-13T03:10:31","slug":"oxley-to-acquire-pasir-panjang-property","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-to-acquire-pasir-panjang-property\/","title":{"rendered":"Oxley to acquire Pasir Panjang property"},"content":{"rendered":"


\nThe firm plans to redevelop the 89,620 sq ft site.
\nOxley Holdings is acquiring a freehold residential property known as 231 Pasir Panjang Road for $121 million.
\nThis comes after its wholly-owned subsidiary, Oxley Amber, entered into an option to purchase the property with Casuarina Properties on 11 July.
\nThe group plans to redevelop the site, which has a land area of about 89,620 sq ft, subject to approval from the relevant authorities.
\nIn an SGX filing, Oxley revealed that the $121 million purchase price was \u201carrived at on a willing buyer-willing seller basis after taking into account current market prices of properties in the surrounding area and the company\u2018s assessment of the property\u2019s redevelopment potential\u201d.
\nIt noted that the proposed purchase will be funded by bank borrowings and internal resources.
\nHowever, it clarified that there is no certainty as to the date when the option will be exercised, saying that the \u201ccompany will make a further announcement in due course\u201d.
\nOxley does not expect the proposed acquisition to materially affect its earnings per share or net tangible assets per share for the current financial year ending 30 June 2018.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Oxley to acquire Pasir Panjang property<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The firm plans to redevelop the 89,620 sq ft site. Oxley Holdings is acquiring a...<\/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-60604","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-fLu","jetpack-related-posts":[{"id":92698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxleys-the-verandah-residences-fully-sold-within-three-months\/","url_meta":{"origin":60604,"position":0},"title":"Oxley\u2019s The Verandah Residences fully sold within three months","date":"June 28, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Verandah Residences, a 170-unit freehold project whose design is inspired by Singapore\u2019s black and white colonial bungalows.\u00a0 Oxley Holdings has achieved 100 percent sales at The Verandah Residences within three months since its official launch on 7 April. With average unit prices at $1,795 psf,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83933,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-acquires-ampas-apartments-in-balestier-for-95m\/","url_meta":{"origin":60604,"position":1},"title":"Oxley acquires Ampas Apartments in Balestier for $95m","date":"March 28, 2018","format":false,"excerpt":"\r The freehold Ampas Apartments comprises 43 units and has a site area of 30,239 sq ft. Homegrown developer Oxley Holdings has agreed to acquire all 43 units in the freehold Ampas Apartments for $95 million. This comes after its wholly-owned subsidiary Oxley Jasper exercised the option to purchase granted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-to-buy-yio-chu-kang-property-for-8-4-million\/","url_meta":{"origin":60604,"position":2},"title":"Oxley Holdings to buy Yio Chu Kang property for $8.4 million","date":"August 31, 2017","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55907,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-acquires-freehold-property-at-east-coast-for-s10-5mil\/","url_meta":{"origin":60604,"position":3},"title":"Oxley Holdings acquires freehold property at East Coast for S$10.5mil","date":"May 25, 2017","format":false,"excerpt":"\r \u00a0 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 \u201cpart residential\/part road\u201d. In an SGX filing, Oxley revealed plans to \u201credevelop the property, subject\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/149-units-at-park-place-residences-sold-at-average-2000-psf\/","url_meta":{"origin":60604,"position":4},"title":"149 units at Park Place Residences sold at average $2,000 psf","date":"April 9, 2018","format":false,"excerpt":"\r A large crowd of buyers at the Phase 2 sales launch of Park Place Residences at PLQ. (Photo: Lendlease) Two residential projects launched over the weekend (7-8 Apr) drew an overwhelming response from buyers, further boosting property market sentiment. Lendlease\u2019s Phase 2 sales launch of Park Place Residences at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74418,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-acquires-residential-units-for-21-53mil\/","url_meta":{"origin":60604,"position":5},"title":"Oxley acquires residential units for $21.53mil","date":"December 13, 2017","format":false,"excerpt":"\r Oxley Holdings, via its fully-owned subsidiary Oxley Topaz Pte. Ltd., has exercised the option to acquire eight residential units at 21 Meyappa Chettiar Road for\u00a0a total price of $21.53 million. Zoned for residential use, the freehold property has a land area of around 898.1 sq m. In an SGX\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60604"}],"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=60604"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60604\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=60604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=60604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=60604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}