Overseas, Oxley’s residential development in Dublin Landings comprising 298 apartments was fully completed in June 2021. Seven out of the eight residential blocks have been sold and handed over to the buyer, Greystar. Sale of the remaining block to Dublin City Council is underway and expected to be completed during 3Q2021. The balance of the sales proceeds (except for a retention sum) is expected to be received by end of 3Q2021.
Oxley Holdings announced that as at August 8, 2021, approximately 91% of its Singapore residential units has been sold, representing 87% of the total GDV or approximately $4.3 billion. The Group’s effective stake of secured sales amount to approximately $2.6 billion while future progress billings from the sold units amount to approximately $1.7 billion.
The Verandah Residences is the fourth of the Group’s ten residential development projects in Singapore to achieve TOP, closely following the heels of The Addition, Sea Pavilion Residences and Sixteen35 Residences. The remaining projects are expected to obtain TOP progressively in 2022 and 2023.
