Greener pastures lie overseas, says Oxley CEO

OVERSEAS pastures look greener now for home-grown developer Oxley Holdings, which has set its eyes on recovering markets like Europe and emerging markets such as Myanmar.

The group, which yesterday announced a quadrupling of net profit for the year ended June 30 to S$286.7 million, is now in talks on a mixed development site in Europe.

Oxley chairman and chief executive Ching Chiat Kwong said he hopes to make an announcement in the next quarter if a deal in Europe materialises.

"Two years ago, we have already decided not to participate in any land deals in Singapore because of the (cooling) measures," Mr Ching said. "We are still exploring further opportunities along the way in other countries, esp…