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Property News11 Mar 2019

Oxley's 1953 moves a third of its units; Sustained Land's One Meyer 14% sold

BT 20190311 LMXLANUCH1953 3719917

Of 1953's 58 residential units, Oxley sold 19 at an average price of S$1,875 psf, and of the 14 commercial units, it sold three at an average price of S$3,185 psf. 



AMID more muted home-buying sentiment, residential property developers appear to be more easily contented with lower sales rates.

Over the weekend, Oxley moved about a third of its residential and commercial units at 1953, a six-storey mixed development at the corner of Balestier and Tessensohn roads - a result that marketing and sales director Eugene Lim said was "encouraging in these current market conditions".

Of the 58 residential units, Oxley sold 19 at an average price of S$1,875 per square foot (psf), and of the 14 commercial units, it sold three at an average price of S$3,185 psf.

Among the residential units, the most popular ones were the three-bedroom apartments and one-plus-study-room configurations.




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Property News 21 March
Boulevard 88 sells 20 units during previews, mostly four-bedroom units

HIGH-END freehold project Boulevard 88 in prime district 10 has sold 20 of the 25 units released so far, with most of the units sold being four bedroom apartments. Sales for the 20 units totalled over S$160 million, while the average selling price worked out to S$3,550 per square foot.

Property News 21 March
Terminated hotel deal a setback for Oxley's deleveraging plans
AGGRESSIVELY geared Oxley Holdings will find it harder to keep to its stated deleveraging schedule after a planned S$950 million sale of two Stevens Road hotels fell though.
Property News 20 March
Two freehold redevelopment sites off Lavender Street up for sale
TWO freehold redevelopment sites located off Lavender Street are up for sale by public tender, with indicative prices for 2 Cavan Road at S$47.4 million and 21 Cavan Road at S$12.6 million, joint marketing agents CBRE and HRL Properties said on Tuesday.
Property News 19 March
SRX congratulates PropNex on their successful 2019 Business Conference. All our best wishes for a successful 2019!
SRX congratulates PropNex on their successful 2019 Business Conference. All our best wishes for a successful 2019!

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