Oxley acquires Potong Pasir property for $21.3 mil

SINGAPORE (Dec 12): Oxley Holdings’ wholly-owned subsidiary Oxley Topaz has signed a sale and purchase agreement to purchase seven units at 21 Meyappa Chettiar Road from their respective owners for a total of $21.53 million.

The property is of freehold lease with a land area of 898.1 sqm that is zoned for residential use. Oxley intends to redevelop the property, subject to obtaining all the necessary approvals from the relevant authorities.

Oxley says the purchase will be funded by internal resources and bank borrowings.

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