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Oxley to buy Yio Chu Kang Road property for $8.4 mil

Stanislaus Jude Chan Published on Wed, Aug 30, 2017 / 5:47 PM GMT+8

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SINGAPORE (Aug 30): Oxley Holdings announced Wednesday that wholly-owned subsidiary Oxley Garnet has exercised options to purchase six units at 208 Yio Chu Kang Road for a total price of $8.4 million.

The 99-year leasehold property sits on a land area of around 1,313.3 sqm that is zoned for residential use.

In a filing to SGX on Wednesday, Oxley says it intends to redevelop the property, subject to necessary approvals from relevant authorities.