Oxley sold homes worth S$1b; expects 12-19% net margins for new launches

Singapore

OXLEY Holdings, one of the most highly-geared developers listed in Singapore, has sold S$1 billion worth of residential units from five project launches here so far this year.

Net profit margins from these projects range from 15 per cent to 25 per cent, the homegrown developer said in presentation slides filed with the Singapore Exchange.