Oxley reaps revenue of S$249m from The Verandah Residences

Singapore

ALL 170 units of Oxley Holdings Limited's The Verandah Residences have been sold within three months of its official launch on April 7, the property developer announced on Wednesday.

Sales from the residential project, the first of four such projects Oxley has launched this year, yielded a total revenue of S$248.8 million. Oxley purchased the 89,620-square foot freehold site in July 2017 for an average price per square foot (psf) of S$964 per plot ratio, and sold the units at S$1,795 psf.