Bookmark & Share
Oxley Tower, the 32-storey freehold commercial project by Oxley Holdings, has received temporary occupation permit (TOP) from the Building and Construction Authority, the property developer announced in an SGX filing.
With a gross floor area of 16,839 sq m, the strata-titled commercial development at 138 Robinson Road features a three-storey podium with shops and cafes as well as a 29-storey tower with restaurants and offices.
Oxley has reserved three floors for its corporate office to which the will relocate to in the first or second quarter of next year.
Excluding the reserved floors, the property developer revealed that it has sold 100 percent of the sellable area, and has received progress payments from buyers.
“Oxley Tower is another iconic commercial project that we developed in the central business district of Singapore,” said Oxley executive chairman and CEO Ching Chiat Kwong.
Notably, the development will allow the company to reduce up to S$211 million of project debt through collections from buyers of the sold units.
“As Oxley makes steady progress in expanding its business and portfolio on the global market, Oxley Tower serves as a milestone for our efforts and achievements thus far. It will also propel us towards continuing our journey in creating value by developing and delivering quality projects globally,” he added.
(Image source: Oxley Holdings)
Related Articles:
Asia-Pacific prime office rent up 0.6% in Q3