Property
4 major concerns over Oxley’s game plan
By Property Soul  •  January 27, 2018
I attended Oxley Holdings’ 2QFY2018 results briefing last Friday and left the meeting with four concerns regarding the Singapore developer’s strategic directions. 1st Concern: New projects have to be launched ASAP Oxley’s quarterly results ending 31 December 2017 was filed with SGX on Thursday evening. Below is the summary of the developer’s financial performance comparing with the previous year (2QFY2017) by Business Times: – Revenue tumbled 33 percent to S$406.1 million – Net profit fell 45 percent to S$68 million – Earnings per share dropped 42 percent to 2.1 Singapore cents The unimpressive performance is the result of no major revenue contributor in 2QFY2018 apart from the UK project Royal Wharf. In contrast, revenue of 2QFY2017 was boosted by the completion of Oxley Tower in December 2016. No major launch is also the reason for the company’s continuous weak financial performance in the last two quarters. As I mentioned earlier in my blog ......
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By Property Soul
I have developed a strong passion for properties since young. In my 20s, I was relocated to Singapore where I bought my first condominium unit at the end of 2002. I added four more to my property portfolio in 4 ½ years’ time. I never expected their total value could be doubled in just a few years.
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