{"id":71022,"date":"2017-11-06T10:13:57","date_gmt":"2017-11-06T03:13:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-buys-freehold-mixed-use-site-for-14-5m\/"},"modified":"2017-11-06T11:03:41","modified_gmt":"2017-11-06T04:03:41","slug":"oxley-buys-freehold-mixed-use-site-for-14-5m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-buys-freehold-mixed-use-site-for-14-5m\/","title":{"rendered":"Oxley buys freehold mixed-use site for $14.5m"},"content":{"rendered":"


\nA wholly-owned unit of Oxley Holdings has exercised an option to purchase a 462 sq m freehold site at Tessensohn Road for $14.5 million, revealed an SGX filing on Friday (3 November).
\nThe vacant land zoned for residential with commercial at the ground floor is being acquired by Oxley Amethyst Pte Ltd from unrelated firm Urban Development Pte Ltd.
\nPreviously, Oxley Amethyst paid $145,000 when the option was granted on 5 October and paid another $580,000 when it decided to proceed with the transaction.
\nThe property is being sold with vacant possession, and the consideration\u2019s remaining balance will be paid upon the deal\u2019s completion within ten weeks from the of acceptance of the option.
\nOxley said that the sale is conditional upon obtaining the approval (Qualifying Certificate) from the Land Dealings (Approval) Unit on or before the completion date.
\nThe transaction will be funded by bank borrowings and internal resources, with the seller\u2019s stamp duty to be shouldered by the buyer. The purchase price will also include the goods and services tax, if applicable.
\nFurthermore, the deal is not expected to have any material impact on the group\u2019s earnings per share or net tangible assets per share for the current fiscal year ending 30 June 2018.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Oxley buys freehold mixed-use site for .5m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A wholly-owned unit of Oxley Holdings has exercised an option to purchase a 462 sq...<\/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-71022","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-itw","jetpack-related-posts":[{"id":75297,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-acquires-freehold-property-from-interested-person\/","url_meta":{"origin":71022,"position":0},"title":"Oxley Holdings acquires freehold property from interested person","date":"December 27, 2017","format":false,"excerpt":"\r Oxley Holdings, via its wholly-owned subsidiary Oxley Amethyst Pte Ltd, has exercised an option to acquire a property along Balestier Road for $38 million from Owen Private Limited. With a land area of around 1,118.4 sq m, the freehold property is zoned residential with commercial on the first storey\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":71022,"position":1},"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":[]},{"id":74594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-buys-vista-park-via-en-bloc-sale-for-418m\/","url_meta":{"origin":71022,"position":2},"title":"Oxley buys Vista Park via en bloc sale for $418m","date":"December 15, 2017","format":false,"excerpt":"\r The owners of the 209-unit Vista Park in 50-66 South Buona Vista Road has agreed to sell the property via collective sale to Oxley Holdings for $418 million on Thursday (14 December). The property was acquired by the company\u2019s wholly-owned unit Oxley Spinel Pte Ltd, which intends the refresh\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71252,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-named-as-top-local-developer-in-propertyguru-awards\/","url_meta":{"origin":71022,"position":3},"title":"GuocoLand named as top local developer in PropertyGuru awards","date":"November 8, 2017","format":false,"excerpt":"\r Tanjong Pagar Centre, named as Singapore\u2019s Best Green Development at the PropertyGuru Asia Property Awards. GuocoLand has been crowned as the city-state\u2019s best developer at the PropertyGuru Asia Property Awards (Singapore) 2017 held at the Sands Expo and Convention Centre yesterday evening (7 November 2017). \u201cThe company is a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-leads-nominations-for-propertyguru-awards\/","url_meta":{"origin":71022,"position":4},"title":"GuocoLand leads nominations for PropertyGuru Awards","date":"September 27, 2017","format":false,"excerpt":"\r Singapore\u2019s best residential, commercial, industrial and green properties will be awarded.\u00a0 More than 20 real estate projects from 16 companies and joint venture firms have been shortlisted for the PropertyGuru Asia Property Awards (Singapore) 2017, the most prestigious real estate competition here. Presented by Kohler and supported by PropertyGuru,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-to-acquire-pasir-panjang-property\/","url_meta":{"origin":71022,"position":5},"title":"Oxley to acquire Pasir Panjang property","date":"July 13, 2017","format":false,"excerpt":"\r The firm plans to redevelop the 89,620 sq ft site. Oxley Holdings is acquiring a freehold residential property known as 231 Pasir Panjang Road for $121 million. This comes after its wholly-owned subsidiary, Oxley Amber, entered into an option to purchase the property with Casuarina Properties on 11 July.\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\/71022"}],"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=71022"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/71022\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=71022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=71022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=71022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}