Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Oxley Holdings
28-03-2018, 08:03 PM.
Post: #91
RE: 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.
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply
24-05-2018, 06:15 PM.
Post: #92
RE: Oxley Holdings
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
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply
27-06-2018, 05:54 PM.
Post: #93
RE: Oxley Holdings
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
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply
30-07-2018, 09:21 PM. (This post was last modified: 30-07-2018, 09:24 PM by dreamybear.)
Post: #94
RE: Oxley Holdings
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.

-----------------------------------------------------------------
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  .....

.........................

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

Find Reply
01-10-2018, 11:19 PM.
Post: #95
RE: Oxley Holdings
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
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply


Forum Jump:


Users browsing this thread: 2 Guest(s)
Valuebuddies.com | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com | | Share Buy-Back | Disclosure of Interest