Oxley Holdings

23 Mar 2014 10:02 - 23 Mar 2014 10:03 #19436 by yeng
Replied by yeng on topic Oxley Holdings
It's a damn good phase 1. Oxley share price should cross 70 cents soon!

Oxley Holdings Limited (Oxley) has launched Phase 1 of its premier London waterfront development, Royal Wharf, in London and Singapore to resounding market response, collectively selling more than 50% of 811 units on the first day of its launch in each location.

The launch, which took place in London on Thursday, 20 March 2013, saw a queue forming outside the London sales gallery as early as five hours before the opening – which was an unusual occurrence in the city. In Singapore, close to 200 cheques were collected prior to the launch at 2pm on Friday, 21 March 2013.
Last edit: 23 Mar 2014 10:03 by yeng.

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23 Mar 2014 10:48 #19437 by Chacha
Replied by Chacha on topic Oxley Holdings
Oxley already touched 70 cents the other day. I think it will
go to 75 cents. I have checked out the pricing and the units are not cheap given it is in zone 3.
Can't imagine there is queue in London! Usually projects will receive more overwhelming response from Asia rather than London itself.

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05 Apr 2014 19:09 #19586 by yeng
Replied by yeng on topic Oxley Holdings
Another amazing move by Oxley leading to a jump in the stock price to 73 cents. I have no doubt the stock will be worth $1.00 one day.... :)

"....the Board wishes to further announce that in conjunction with the development of the Royal Wharf, the Company is also exploring the possibility of restructuring the Group’s business, in particular, its property development business outside Singapore (including but not limited to, the Royal Wharf), including the feasibility of listing such overseas property development business on the Catalist board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) ("Proposed Restructuring").

The Company has engaged professional advisers to advise on the Proposed Restructuring.

The Board wishes to highlight that the Proposed Restructuring is in its preliminary stages and extensive preparatory work will be involved in due course. The Proposed Restructuring will be dependent on, inter alia, the results of the preparatory work undertaken, prevailing market conditions and also subject to, inter alia, regulatory approval and the approval of shareholders of the Company ("Shareholders") at an extraordinary general meeting.

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05 Apr 2014 22:45 #19589 by Chacha
Replied by Chacha on topic Oxley Holdings
Expected it to raise in price. Bought another 10 lots at 665 last month. But thought it would go up earlier than this. But I think this counter is good for long term too.

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08 Apr 2014 18:12 #19615 by Joes
Replied by Joes on topic Oxley Holdings
Someday, Ching will get an award. No, not the usual businessman award because he is not yr usual entrepreneur.

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09 Apr 2014 18:49 #19629 by mervynsim
Replied by mervynsim on topic Oxley Holdings

Theme park, 6-star hotels in new Jalan Ampang development

KUALA LUMPUR (April 9): Oxley Holdings (M) Sdn Bhd (Oxley Malaysia), the local unit of Singapore developer Oxley Holdings Ltd, is in talks with several government-linked funds to invest in its RM3.5 billion mixed development planned in the heart of Kuala Lumpur which will feature a premier-class theme park.

“Many investment organisations have approached us to invest in the development,” said Datuk Othman Omar, Oxley Malaysia’s newly appointed CEO.

“They are interested to take on certain components, so it is about identifying how they want to come in,” he said.

According to Othman, the mix development on the 3.11 acre parcel along Jalan Ampang, where the Chef Choi Restaurant and Pelita Eatery is, will house two five star hotels, a shopping mall, serviced apartments, offices, and a theme park.

The entire project is expected to have a gross development value (GDV) of between RM2.5 billion and RM3.5 billion, with targeted premium pricing for the units that will leverage on the world’s top luxury hotel brands.

Top hotel brands like Jumeirah and Waldorf Astoria for its two luxury hotels is expected to be among the big names interested to be part of the project.

Jumeirah is a Dubai-based luxury hotel chain best known for the iconic Burj al Arab in Dubai. Waldorf Astoria on the other hand is Hilton Worldwide’s flagship luxury hotel and resort brand.

Oxley Malaysia caught market attention last November when it bought the 3.11-acre Jln Ampang parcel for a whopping RM446.7 million.

The prime land was transacted at a record-breaking RM3,300 psf at the time from the descendants of Loke Yew, who incidentally still have a number or undeveloped parcels in the city centre.

To set itself apart from other luxury developments in the heart of KL, the Jalan Ampang project will feature a unique theme park concept.

“We are talking to (Australia-based) Sanderson Group, who is going to design a theme park for us -- it will be a vertical structure on different levels”.

“We are negotiating with them which intellectual property they want to bring in -- Paramount, Dreamworks, Fox Studios among them,” said Othman, who is the former general manager of the Selangor State Development Corp and was appointed to his new position just last month on March 1.

According to him, Oxley Malaysia plans on submitting the development order this month, before works can begin.

At the moment, Oxley Malaysia has eight on-going projects in the country with a total estimated GDV of RM8 billion.

Its parent, Singapore Exchange-listed Oxley Holdings has been doing well financially. For the first half of the year ended Dec 2013, the group saw net profit jump 15-fold to SG$275.9 million from SG$18 million in the year prior.

This was on the back of a 709% jump in revenue to SG$888.2 million from SG$109.8 million in the same period in 2012.

Incidentally, Oxley Holdings’ share price has been on an uptrend since the Jalan Ampang purchase in November. Its share closed at SG$0.765 yesterday, doubling from SG$0.38 at the beginning of November 2013 putting its current market capitalisation at S$2.26 billion.
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