Two of Oxley's residential projects obtain TOP

REAL estate developer Oxley Holdings on Tuesday announced that it obtained temporary occupation permits (TOP) for two more Singapore residential development projects, Sea Pavilion Residences and Sixteen35 Residences, last month.

Including private condominium The Addition, which obtained its TOP in April, three out of the group's 10 residential development projects in Singapore have obtained TOP.

Sea Pavilion Residences is a five-storey boutique freehold condominium at 494 Upper East Coast Road. The project is fully sold and has a gross development value (GDV) of S$33 million.

Sixteen35 Residences, at 16 Geylang Lorong 35, is a 99-year leasehold residential and institutional mixed-use development project. It is also sold out and has a GDV of S$56 million.

Shares in Oxley ended trading on Tuesday at 22.5 Singapore cents, up 0.5 cent or 2.27 per cent.