|
Oxley Holdings will be putting fresh funds to quick use. Taking into account the development charge payable, the acquisition cost amounts to S$1,073 per square foot per plot ratio (inclusive of balcony area).
Oxley has grown rapidly since its IPO seven years ago in Oct 2010. From S$566 million at IPO, its market value has shot up to S$2 billion, representing a solid 18% CAGR. |
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|
|
Property Developer |
Market cap (S$’m) |
|
1 |
21,399.8 |
|
|
2 |
15,177 |
|
|
3 |
11,793.6 |
|
|
4 |
7,114.9 |
|
|
5 |
4,626.9 |
|
|
6 |
3,206.3 |
|
|
7 |
2,330.5 |
|
|
8 |
2,141.8 |
|
|
9 |
2,004.2 |
|
|
10 |
Ho Bee Land |
1,671 |
|
11 |
1,659.3 |
|
|
12 |
1,638.5 |
|
|
13 |
1,610.9 |
|
|
14 |
1,576.8 |
|
|
15 |
1,414 |
|
|
16 |
920.7 |
|
|
17 |
825.7 |
|
|
18 |
804.8 |
|
|
19 |
666.7 |
|
|
20 |
620.7 |
|
|
Data: StockFacts, 27 March 2018 |
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Oxley highlighted a pipeline of newsflow:
• S$2 billion of unbilled contracts and gross development value of S$15 billion worth of projects to be launched / in the Group’s portfolio. This provides substantial earnings visibility and a significant amount of land bank for growth.
• Potential launch of up to 7 property projects in Singapore in the next 9 months to ride the property upcycle.
• The potential award of contract (subject to the completion of negotiations and legal arrangements) to a consortium (comprising of Oxley Holdings, Min Dharma Co., Ltd and Sino Great Wall Co., Ltd) selected as the “Preferred Bidder” for the Yangon Central Railway Station Area Comprehensive Development Project.
Oxley and its consortium partners are close to being awarded a contract to redevelop the Yangon Central Railway Station. Artist's impression.
• The potential sale of a 300-year lease of Block D1 at Dublin Landings in Ireland.
• Upon completion of Oxley's acquisition of Chevron House in Raffles Place, the property will undergo asset enhancement and refurbishment to increase the net lettable area to improve the potential rental yield and recurrent income.
