Oxley acquires Pasir Panjang property for $121m

The property has a freehold area of 8,326 sqm.

Oxley Holdings Limited announced that its subsidiary has been granted an option to purchase the property known as 231 Pasir Panjang Road at a purchase price of $121m.

The Property is a freehold property with a land area of approximately 8,326 square metres that is zoned for residential use. The Group intends to redevelop the Property, subject to obtaining all the necessary approvals from the relevant authorities.

The option to purchase the said property was coursed through Oxley Amber Pte Ltd.

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

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