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Oxley Holdings buys freehold property at East Coast for S$10.5m
OXLEY Holdings Limited said it has exercised an option to purchase the property at 494 Upper East Coast Road from its owner for S$10.5 million.
The freehold property sits on a land area of 1,292.1 square metres that is zoned "part residential/part road".
The group intends to redevelop the property, subject to obtaining all the necessary approvals from the relevant authorities. The purchase will be funded by internal resources and bank borrowings.