{"id":74594,"date":"2017-12-15T10:17:01","date_gmt":"2017-12-15T03:17:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-buys-vista-park-via-en-bloc-sale-for-418m\/"},"modified":"2017-12-15T11:09:03","modified_gmt":"2017-12-15T04:09:03","slug":"oxley-buys-vista-park-via-en-bloc-sale-for-418m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-buys-vista-park-via-en-bloc-sale-for-418m\/","title":{"rendered":"Oxley buys Vista Park via en bloc sale for $418m"},"content":{"rendered":"


\nThe 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).
\nThe property was acquired by the company\u2019s wholly-owned unit Oxley Spinel Pte Ltd, which intends the refresh the site\u2019s remaining 66-year lease to 99 years and lift certain title restrictions by paying an additional $72 million to the Singapore Land Authority.
\nOxley intends to redevelop the property, subject to obtaining all the necessary approvals from relevant authorities.
\nThe site measuring 319,250 sq ft has a permissible height of up to five storeys and a plot ratio of 1.4. This works out to a potential gross floor area (GFA) of around 446,951 sq ft, meaning it could generate some 530 units with an average size of about 800 sq ft.
\nMeanwhile, another wholly-owned unit of the company, Oxley Vietnam Pte Ltd, has purchased a stake in a housing development in Dong Nai province, Vietnam for a total of US$12 million (S$16.2 million).
\nThis was achieved by acquiring the entire share capital of Centra Cove Pte Ltd, a Singapore-incorporated company engaging in property development and investment holding.\u00a0 In particular, 27 percent and 73 percent of the stake was acquired from Phuong Tuan Long and Teou Chun Tong Jason.
\n\u201cCentra Cove holds 75 percent of the licensed charter capital of Phu Thinh Land Company Ltd, a company incorporated in Vietnam, of which only 16.81 percent of the charter capital has been paid up.\u201d It is permitted by the local authorities to jointly develop a residential project at Dong Nai province with a state-owned firm.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Oxley buys Vista Park via en bloc sale for 8m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owners of the 209-unit Vista Park in 50-66 South Buona Vista Road has agreed...<\/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-74594","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-jp8","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":74594,"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":74594,"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":79001,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-acquires-geylang-land-for-13m\/","url_meta":{"origin":74594,"position":2},"title":"Oxley acquires Geylang land for $13m","date":"February 6, 2018","format":false,"excerpt":"\r Oxley intends to develop a mixed-use project on the site called Sixteen35 Residences.\u00a0 Oxley Holdings, via its fully-owned subsidiary Oxley Pearl, has acquired a 99-year leasehold site from Huang Shi Zong Hui (Singapore) for $13 million. Located at 16 Lorong 35 Geylang, the land area measures about 2,219.6 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-7000-visited-riverfront-residences-showflat\/","url_meta":{"origin":74594,"position":3},"title":"Over 7,000 visited Riverfront Residences showflat","date":"June 25, 2018","format":false,"excerpt":"\r Crowds braved the rain for the opening of Riverfront Residences over the weekend. More than 7,000 people visited the Riverfront Residences showflat, a 1,472-unit residential project with six retail shops in Hougang Avenue 7, after it opened for preview over the weekend (23 \u2013 24 June). \u201cThe response has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kent-ridge-hill-residences-opens-for-preview-this-weekend\/","url_meta":{"origin":74594,"position":4},"title":"Kent Ridge Hill Residences opens for preview this weekend","date":"October 19, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Kent Ridge Hill Residences, a new condominium located right at the edge of Kent Ridge Park. Kent Ridge Hill Residences, a 548-unit residential project at South Buona Vista Road, will open for preview this weekend (20 Oct). 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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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74594"}],"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=74594"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74594\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=74594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=74594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=74594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}