{"id":65056,"date":"2017-08-31T09:55:06","date_gmt":"2017-08-31T02:55:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-to-buy-yio-chu-kang-property-for-8-4-million\/"},"modified":"2017-08-31T09:58:50","modified_gmt":"2017-08-31T02:58:50","slug":"oxley-holdings-to-buy-yio-chu-kang-property-for-8-4-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-to-buy-yio-chu-kang-property-for-8-4-million\/","title":{"rendered":"Oxley Holdings to buy Yio Chu Kang property for $8.4 million"},"content":{"rendered":"


\nView of the residential property at 208 Yio Chu Kang Road. Source: Google Maps
\nOxley 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).
\nLocated near Serangoon Gardens, the 99-year leasehold property has a land area of approximately 14,136 sq ft that is zoned for residential use.
\nSEE ALSO: Amber Park and Jervois Gardens launched for sale
\nOxley intends to redevelop the property, subject to obtaining all necessary approvals from the authorities.
\nThe 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.
\nThe purchase will be funded by internal resources and bank borrowings, and is expected to be completed by 23 November 2017.
\nThe deal is not expected to have a material impact on the earnings per share or net tangible assets per share of the company for the current financial year ending 30 June 2018.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote 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 Holdings to buy Yio Chu Kang property for .4 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of the residential property at 208 Yio Chu Kang Road. Source: Google Maps Oxley...<\/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-65056","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-gVi","jetpack-related-posts":[{"id":66792,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tee-land-to-acquire-upper-thomson-sites-for-25-74m\/","url_meta":{"origin":65056,"position":0},"title":"Tee Land to acquire Upper Thomson sites for $25.74m","date":"September 19, 2017","format":false,"excerpt":"\r The developer intends to build a residential block on the land. Tee Land has entered into six option-to-purchase (OTP) agreements to acquire the freehold interest in six plots of land at Seraya Crescent in Upper Thomson for $25.74 million. The company intends to build a residential block on the\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":65056,"position":1},"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":61956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-ville-sold-en-bloc-each-owner-to-get-about-2m\/","url_meta":{"origin":65056,"position":2},"title":"Serangoon Ville sold en bloc, each owner to get about $2m","date":"July 27, 2017","format":false,"excerpt":"\r The former HUDC estate was purchased for $499 million by a consortium led by Oxley Holdings. The former HUDC estate Serangoon Ville has been sold in a collective sale to an Oxley Holdings-led consortium for $499 million, following the close of the tender exercise on 25 July. Each owner\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73403,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-stradia-up-for-collective-sale-for-22mil\/","url_meta":{"origin":65056,"position":3},"title":"The Stradia up for collective sale for $22mil","date":"December 1, 2017","format":false,"excerpt":"\r The Stradia, a mixed development site along Yio Chu Kang Road, has been put up for en bloc sale, with a guide price of about $22 million, reported Business Times. This works out to a land rate of $889 psf per plot ratio. Located at 78 Yio Chu Kang\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61540,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hundred-palms-residences-sold-out-in-one-day\/","url_meta":{"origin":65056,"position":4},"title":"Hundred Palms Residences sold out in one day","date":"July 23, 2017","format":false,"excerpt":"\r The launch of Hundred Palms Residences attracted hundreds of buyers. (Photo: ERA Realty Network) Property developer Hoi Hup Realty sold all 531 units (100 percent) at its Hundred Palms Residences executive condominium (EC) at Yio Chu Kang Road on launch day yesterday (22 July). Hundreds of buyers turned up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-new-ecs-to-watch-for-in-2017\/","url_meta":{"origin":65056,"position":5},"title":"3 new ECs to watch for in 2017","date":"December 14, 2016","format":false,"excerpt":"\r 2017 will be a quieter year for EC projects. (Photo: Christopher Chitty) Only three new executive condominiums (ECs) are targeted to launch next year, down from five projects in 2016. Their names haven\u2019t been revealed yet, but the sites are at\u2026 1) Choa Chu Kang Avenue 5 The EC\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/12\/Location-plan-for-land-parcel-at-Choa-Chu-Kang-Avenue-5.jpg?fit=515%2C621&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65056"}],"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=65056"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65056\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=65056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=65056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=65056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}