Oxley Holdings to acquire a plot of land in Cambodia for US$6m
Add BT as a preferred sourceDEVELOPER Oxley Holdings' subsidiary has entered into an agreement to acquire a plot of land in Cambodia for US$6 million, the group announced in a Singapore Exchange filing on Friday.
The freehold land has a land area of 1,200 sq m located in the country's capital city Phnom Penh and will be funded by internal resources and bank borrowings.
The group intends to use the land plot for the location of a showroom for the group's existing project, The Peak, for an estimated period of three years until the completion of the project. Thereafter, the group plans to develop a commercial property on the land plot, it said.
Share with us your feedback on BT's products and services
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Could Ohmyhome face Nasdaq delisting after selling its core unit for US$1? Experts weigh in
