112 of 300 Units Put Up For Sale At Affinity at Serangoon Sold Over The First Weekend

Oxley Holdings says JV unit Oxley Serangoon marketed 112 units out of the 300 systems at Affinity at Serangoon throughout its Stage 1 launch over the weekend.
The ordinary cost for the systems sold was $1,575 psf and from throughout all system types, claims Oxley in a Monday evening filing. Eighty percent of the purchasers were Singaporeans with the remaining 20% comprised of PRs as well as foreigners.
Fondness is a 99-year leasehold growth consisting of seven blocks with 1,012 one- to four-bedroom apartment or condos and also 40 strata landed houses.
Oxley and also 3 JV companions obtained the 27,584 sqm website with the enbloc purchase of the former HUDC estate Serangoon Ville at Serangoon North Opportunity 1 in July 2017, for $835 psf per story proportion.
Oxley possesses a 40% risk in Oxley Serangoon, while Unique Invesco, Lian Beng (Serangoon), and also Apricot Capital each owning 20% of the joint venture business. One-of-a-kind Invesco is a partner of KSH Holdings as well as Heeton Residences, a subsidiary of Heeton Holdings.
Fondness has a Gross Flooring Area of 77,235 sqm and also approximated Gross Advancement Value of $1.4 billion. Oxley has a 40% risk in the Fondness project.
The advancement will additionally give five retail stores within the advancement and also 88 centers for recreation and also exercise. The 40 exclusive strata landed residences are made with high ceilings to allow in all-natural light above the dining location.
Shares in Oxley closed 1.5 cent lower at 44 cents.

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