Oxley expecting sale completion of Chevron House by first quarter of 2020

Singapore

OXLEY Holdings will complete asset enhancement initiative (AEI) works on Chevron House and expects to achieve final completion of the sale of the 32-storey Raffles Place commercial building no later than the first quarter of 2020.

It will also divest the retail and banking units "as soon as practicable, taking into consideration market conditions" but will do so before the final completion, the highly-geared developer said on Tuesday in response to Singapore Exchange queries.