SINGAPORE (Feb 19): Developers could undertake projects with ease during the period of quantitative easing (QE). Low or no interest rates in a low- or no-growth environment and ample liquidity was a godsend to small-cap developers looking for fast turnarounds in capital. Oxley Holdings came of age during this golden period and took full advantage of this backdrop. It made its name in shoebox units, which it could build and sell in record time.

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