PUBLISHED Wednesday, July 12, 2017
OXLEY Holdings Limited is buying a freehold property in the southern part of Singapore for S$121 million.
It plans to redevelop the property known as 231 Pasir Panjang Road, subject to obtaining all the necessary approvals from the relevant authorities.
The Property is a freehold residential property with a land area of approximately 8,326 square metres.
The option to purchase the property was coursed through Oxley Amber Pte Ltd, a wholly owned subsidiary with Casuarina Properties (Pte) Ltd on 11th July.
This proposed purchase will be funded by internal resources and bank borrowings.
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