Oxley-led consortium acquires Serangoon Ville for S$499m in collective sale

Published Wed, Jul 26, 2017 · 11:38 AM

A CONSORTIUM led by Oxley Holdings has acquired Serangoon Ville for S$499 million in a collective sale.

The consortium comprises Lian Beng Group, Unique Invesco Pte Ltd, and Apricot Capital, which is the private investment firm of Super Group's Teo family. Unique Invesco is a 37.5 per cent owned associated company of Kim Seng Heng Realty Pte Ltd, a wholly owned subsidiary of KSH Holdings.

Earlier in May, the four companies - Oxley, KSH, Lian Beng and Apricot Capital - also teamed up to acquire Rio Casa, a former HUDC estate in Hougang, in a collective sale for S$575 million.

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