Oxley's sales revenue in Singapore hit $1b in 2018

It expects to launch 7 more projects worth $3.8b.

Oxley Holdings’ sales revenue hit $1b in Singapore and $446m overseas so far within 2018. It plans to launch 12 more projects in the city worth $3.8b.

According to its corporate presentation, phase 1 of Riverfront Residences has contributed most to sales revenue at $515m, translating to 575 of 800 (72%) units sold. All 170 units in Verandah Residences are sold out and have generated revenue of $249m.

Fifty two of 60 units (87%) in Sixteen35 have been sold for $48m, 21 in 24 units (88%) of Sea Pavillion Residences have been sold for $28m, whilst 130 out of 300 units of Affinity Residences’ phase 1 have been sold for $160m.

Local project margins range from 12% for Ampas and Parkwood Residences, with average selling prices (ASP) of $1,850 psf and $1,800 psf, to 25% for Verandah Residences with an ASP of $1,800 psf. Total profit from local projects is at $873.3m.

About $3.8b worth of local projects will be launched this year, including the following projects: Parkwood Residences, Vista Park, Mayfair, 21 Meyappa Chettair, Ampas, 1 Balestier 3 Tessensohn Road, and Pei Fu Industrial.

Oxley also mentioned that overseas sales led to a revenue of $446m in total and was led by Royal Wharf (50 units sold), KLCC (62.5% of 200 units sold), and Dublin Landings ($267m). About $3.1b worth of overseas projects will be launched this year.

Meanwhile, its hotels Novotel and Mercure have occupancy rates of 70% and 65% respectively from January to June 2018. “Occupancy rate has been on the uptrend,” it commented.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia