Do you know that Oxley has the largest residential land bank in Singapore by number of dwelling units, based on an article in the Business times dated 23 Jan 2018?
Based on a flash estimate from the Urban Redevelopment Authority, Singapore private home property prices jumped 3.1% in the three months to Mar 2018. This was the fastest since 2010. Notwithstanding such buoyant sentiment in home prices, Oxley’s share price has recently dropped to near six month low levels. Thus, I think it may be worthwhile to take a look at Oxley.
First, a description of Oxley
Based on Oxley’s press release, it is a property developer with a diversified portfolio, including property development, property investment and project management. Oxley is listed on the Main Board of the SGX-ST and has a market capitalisation of approximately S$1.92b. It has business presence across 12 geographical markets …