{"id":83821,"date":"2018-03-27T11:34:59","date_gmt":"2018-03-27T04:34:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-planning-up-to-7-spore-projects-for-rest-of-2018\/"},"modified":"2018-03-27T12:02:52","modified_gmt":"2018-03-27T05:02:52","slug":"oxley-planning-up-to-7-spore-projects-for-rest-of-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-planning-up-to-7-spore-projects-for-rest-of-2018\/","title":{"rendered":"Oxley planning up to 7 S\u2019pore projects for rest of 2018"},"content":{"rendered":"


\nOxley\u2019s executive chairman and CEO Ching Chiat Kwong.
\nOxley Holdings plans to launch up to seven property projects in Singapore over the next nine months in a bid to take advantage of the ongoing recovery in the private housing market, according to an SGX filing on Monday (26 Mar).
\nAt a results briefing in January, the developer revealed that its upcoming local developments for the year, including joint ventures, have a combined gross development value (GDV) of about $5 billion. Of this, $3 billion is attributable to Oxley.
\nMore: From policeman to property developer
\nThese include Lotus @ Pasir Panjang along Pasir Panjang Road, which has a GDV of $216.8 million, Mayfair Gardens in Rifle Range Road ($720 million) and Vista Park ($826.6 million).
\nBut its two biggest local projects are the redevelopments of Serangoon Ville in Serangoon North Avenue 1 ($1.35 billion) and Rio Casa in Hougang Avenue 7 ($1.44 billion).
\nMeanwhile, Oxley announced on Monday that it has raised around $78.1 million in net proceeds via the issuance of 156.8 million ordinary shares to subscribers, including prominent institutional investors from Singapore, Malaysia, Hong Kong, and the UK.
\nDue to strong interest from institutional funds, the issuance was raised from 98 million shares to 156.8 million shares. Each share was sold for $0.51, translating to an 8.8 percent discount to the firm\u2019s volume weighted average price of $0.559 on 14 March.
\nDBS Bank, Credit Suisse and Maybank Kim Eng Securities served as joint placement agents for the issuance, which is expected to improve the trading liquidity of Oxley\u2019s shares.
\n\u201cWe welcome our new shareholders to the growth story of Oxley Holdings. The share placement attracted prominent investors, which demonstrated the strong confidence that these institutional investors have in Oxley\u2019s long-term prospects,\u201d said its executive chairman and CEO Ching Chiat Kwong.
\nThe company plans to use the net proceeds from the issuance for working capital purposes, like financing development projects.
\nCheck out the latest property launches in Singapore.
\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 planning up to 7 S\u2019pore projects for rest of 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oxley\u2019s executive chairman and CEO Ching Chiat Kwong. Oxley Holdings plans to launch up to...<\/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-83821","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-lNX","jetpack-related-posts":[{"id":121126,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxleys-two-residential-projects-obtain-top\/","url_meta":{"origin":83821,"position":0},"title":"Oxley\u2019s two residential projects obtain TOP","date":"July 28, 2021","format":false,"excerpt":"\r Sea Pavilion Residences and Sixteen35 Residences, which recently\u00a0TOP-ed and are fully sold, are located at 494 Upper East Coast Road and 16 Geylang Lorong 35 respectively. Property developer Oxley Holdings has obtained Temporary Occupation Permits (TOP) for two more residential development projects in Singapore\u2014Sea Pavilion Residences and Sixteen35 Residences\u2014last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/sixteen35.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":104691,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-insists-it-can-repay-its-hefty-debts\/","url_meta":{"origin":83821,"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":60604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-to-acquire-pasir-panjang-property\/","url_meta":{"origin":83821,"position":2},"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":[]},{"id":92698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxleys-the-verandah-residences-fully-sold-within-three-months\/","url_meta":{"origin":83821,"position":3},"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":72678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/from-policeman-to-property-developer\/","url_meta":{"origin":83821,"position":4},"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":[]},{"id":14052,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/13-could-be-a-lucky-number-for-malaysias-2015-best-developer-winner\/","url_meta":{"origin":83821,"position":5},"title":"13 could be a lucky number for Malaysia\u2019s 2015 best developer winner","date":"May 23, 2016","format":false,"excerpt":"\r SP Setia is launching 13 multimillion projects this year Eco Xuan in Vietnam (Image credit: Cafeland.vn) Malaysian developer SP Setia, the winner of the Best Developer accolade at the South East Asia Property Awards (Malaysia) 2015, recently announced the\u00a0roll-out of 13 residential projects in 2016, with projects ranging from\u00a0low-rise\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\/83821"}],"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=83821"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/83821\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=83821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=83821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=83821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}