Oxley

Oxley: Could see positive interests after Co. announced that its Oxley Tower units were snapped up in a jiffy, with Cafes and shops sold out in buying frenzy, 60% of office units taken up. Response for the 138 Robinson Road project was such that all its shop and cafe units attracted multiple buyers and had to be balloted.

Cafe units ranged from 398 to 807 sf in size with prices starting from $6,000 psf to $7,200 psf (averaging $6,653 psf). For shops, units ranged from 118 sq ft to 409 sq ft, with prices starting from $3,800 psf and extending to $6,000 psf (averaging $4,820 psf). Oxley Tower is expected to receive its TOP sometime in Dec18.

On a separate note, Co. announced that it is currently exploring options to raise funds for its working capital and is in preliminary discussions with potential investors. Co. shall make a further announcement when there is any significant development. Shareholders are advised to exercise caution in dealing in the shares of co.