Oxley-led JV acquires Serangoon Ville for $499m

The purchase was funded by internal resources and bank loans.

The consortium amongst Oxley Holdings, Unique Invesco Pte. Ltd., Lian Beng (Serangoon) Pte. Ltd., and Apricot Capital Pte. Ltd. has acquired the Serangoon Ville property for $499m.

The property is a former Housing and Urban Development Company (HUDC) estate which has been privatised. The site area is approximately 27,583.9 sqm.

Oxley owns 40% of the consortium. The remaining stakes are equally split amongst the three other companies.

To recall, the consortium also acquired Rio Casa, another former HUDC estate in Hougang, for $575m in May.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!