Oxley Holdings

Sale of No. 1 Dublin Landings in Ireland

Oxley Holdings Limited announced that the Group’s wholly-owned subsidiary, Oxley Docklands Quay One Limited ("Oxley Docklands"), and National Asset North Quays DAC, as the vendors, have entered into an agreement with Sol Estate Propco IE Dublin Landings SARL, as the purchaser, for the sale of a 300-year lease of No. 1 Dublin Landings, 72-80 North Wall Quay, Dublin 1, Ireland (previously known as Block D1).

The Property will be sold at an aggregate price of EUR164.20 million (excluding value added tax), of which Oxley Docklands will be entitled to 77.53%. The Sale Price was negotiated based on the prevailing market conditions and the market prices of properties surrounding the Property.

A deposit of EUR16.5 million has been paid and the balance of the Sale Price will be paid on completion, currently scheduled in April 2018.

On completion, the net proceeds from the Sale will contribute positively to the cashflow of the Group.

Investment in Quoted Securities

Oxley Holdings Limited announced that the Group has acquired certain quoted securities resulting in the Group’s aggregate cost of investment in quoted securities to exceed 30% of the latest audited consolidated net tangible assets ("NTA") of the Group as at 30 June 2017.

Aggregate cost of the Group’s quoted investments after the acquistion was S$326,953,000 (30.03% of audited consolidated NTA of the Group as at 30 June 2017).

More details in http://infopub.sgx.com/FileOpen/Annc%20-...eID=507147

Oxley achieves 100% sales at The Verandah Residences within three months since its official launch

Highlights :
1. It was Oxley’s first residential project among the four projects launched so far in 2018
2. Total of 170 units were sold at an average price of S$1,795 per square foot, with total revenue of S$248.8 million for the entire project
3. The freehold development comprises 167 apartments in four blocks of 5-storey buildings, and 3 strata houses
4. Oxley purchased the 89,620 square feet freehold site at the former 231 Pasir Panjang Road in July 2017, for S$121 million, or $964 psf per plot ratio
5. Oxley has 100% stake in the project.

More details in http://infopub.sgx.com/FileOpen/Press%20...eID=512106

Interesting comments and observations from Ching Chiat Kwong, Oxley’s executive chairman and CEO highlighted below. Personally, I agree with him on passing  properties(non-HDB coz mine is abt 30+ years old) to my children, given that it will only get harder to compete in SG.

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Oxley launching at ‘breakneck speed’
EdgeProp | July 28, 2018 8:00 AM SGT

The Singapore-listed property group is going ahead with its launch plans even in the face of harsh property cooling measures. It asserts that it is well diversified and can withstand the hit better than most........

Convinced by the corporate presentation, Ching relates: “I told Eric, ‘We’ve been working like dogs and didn’t even realise how big Oxley has become. I think we’d better go and buy Oxley’s shares.’”

The duo went on a buying binge in the subsequent days. Ching swept up more than 11 million Oxley shares on the open market over three days — from July 10 to 12 — for $3.9 million, increasing his stake in the company to 41.45%. Low bought 2.97 million shares on July 10 and 11 on the open market for $1.05 million, or an average price of 35.4 cents apiece  .....

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Upgraders’ dreams dashed

While Oxley can stomach the 10ppt hike in ABSD that all developers are subjected to, Ching wonders about the homebuyers who have been hit by the new measures, especially those looking for a second property, who are now slapped with a 12% ABSD and LTV of 45%.

He is also concerned about the unintended consequences of the property cooling measures on the aspirations of young Singaporeans. “What else can you aspire to? People need to have dreams and aspirations to motivate them,” he says. “In Singapore, how many other ways are there to move up the social ladder? If it’s an investment property, you have something to retire on, pass to your child or something to fall back on if you’re in trouble. Suddenly, it seems that now they can only buy an HDB flat.”

Ching also sees many of those born in the 1980s forming the bulk of first-time homebuyers. The cooling measures have affected some of them because they have only saved up enough to cover a 20% down payment. Since July 6, the LTV for first-time homebuyers has been cut to 75%. The down payment has therefore been raised to 25%. “So now, you need rich parents, and it has become parents’ responsibility to help their children buy their first home.”

More details in https://www.edgeprop.sg/property-news/ox...d%E2%80%99

Oxley Sold 40% Mayfair Gardens Within 2 Days

Highlights :
* Best performing sales launch since the cooling measures started in July
* 87 units were sold at an average price of S$1,900 psf
* Most upscale development in Oxley’s portfolio to date

More details in http://infopub.sgx.com/FileOpen/Press%20...eID=528001

http://infopub.sgx.com/FileOpen/Annc%20-...eID=540141

Oxley selling their mecure and novetel hotels for 950mil sgd

1025 - 660 = 365

Expression of Interest in the Entire Issued and Paid Up Share Capital of a Subsidiary

Oxley Holdings Limited announced that the Group’s wholly-owned subsidiary, Oxley Beryl Pte. Ltd. has accepted an expression of interest on 14 March 2019 (the "EOI") from a US-based real estate fund to acquire 100% interest in the capital of Oxley Beryl at a total purchase consideration of S$1.025 billion. Oxley Beryl owns the property known as Chevron House at 30 Raffles Place Singapore 048622 (the “Property”) and the consideration was arrived at on a "willing buyer-willing seller" basis, in view of the value of the Property.

The EOI was accepted after taking into consideration (i) the prevailing conditions in the property market; and (ii) that this unsolicited offer generally meets the Group’s long-term investment objectives originally contemplated during the acquisition of the Property. A refundable deposit of S$7.5 million would be received by Oxley Beryl to be held in escrow shortly after the acceptance of the EOI.

More details in https://links.sgx.com/FileOpen/OxleyEOI....eID=547349

On 29 March 2018, Oxley Holdings Limited announced that its acquisition of Chevron House, at 30 Raffles Place, Singapore 048622, has been completed. The Group now officially owns a 100% stake in Chevron House. The sale and purchase agreement was entered into on 13 December 2017, with an acquisition price of S$660,000,000. Oxley has made full payment to the vendor for the acquisition.

More details in http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

(14-03-2019, 06:55 PM)cyclone Wrote: 1025 - 660 = 365

Expression of Interest in the Entire Issued and Paid Up Share Capital of a Subsidiary

Oxley Holdings Limited announced that the Group’s wholly-owned subsidiary, Oxley Beryl Pte. Ltd. has accepted an expression of interest on 14 March 2019 (the "EOI") from a US-based real estate fund to acquire 100% interest in the capital of Oxley Beryl at a total purchase consideration of S$1.025 billion. Oxley Beryl owns the property known as Chevron House at 30 Raffles Place Singapore 048622 (the “Property”) and the consideration was arrived at on a "willing buyer-willing seller" basis, in view of the value of the Property.

The EOI was accepted after taking into consideration (i) the prevailing conditions in the property market; and (ii) that this unsolicited offer generally meets the Group’s long-term investment objectives originally contemplated during the acquisition of the Property. A refundable deposit of S$7.5 million would be received by Oxley Beryl to be held in escrow shortly after the acceptance of the EOI.

More details in https://links.sgx.com/FileOpen/OxleyEOI....eID=547349

On 29 March 2018, Oxley Holdings Limited announced that its acquisition of Chevron House, at 30 Raffles Place, Singapore 048622, has been completed. The Group now officially owns a 100% stake in Chevron House. The sale and purchase agreement was entered into on 13 December 2017, with an acquisition price of S$660,000,000. Oxley has made full payment to the vendor for the acquisition.

More details in http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

Did anybody know how much has Oxley spent on the asset enhancement of Chevron House?

(14-03-2019, 09:41 PM)Shiyi Wrote: Did anybody know how much has Oxley spent on the asset enhancement of Chevron House?

The plan was to spend $100mn. Not sure how much has been expensed.