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Oxley to buy Pasir Panjang property for $121 mil

Jude Chan Published on Wed, Jul 12, 2017 / 5:32 PM GMT+8

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SINGAPORE (July 12): Oxley Holdings announced that wholly-owned subsidiary Oxley Amber has been granted an option to purchase a property at 231 Pasir Panjang for $121 million.

Oxley says it plans to redevelop the freehold property, which has a land area of approximately 8,326 sq m that is zoned for residential use.

The propose purchase will be funded by internal resources and bank borrowings.