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.

Now, as the business cycle normalises and yields start to rise, and with quantitative tightening (QT) upon us, can Oxley pull off the same feat it did during QE? 

Deputy CEO Eric Low certainly thinks so. When he sat down with journalists from The Edge Singapore and EdgeProp last month, he said: “I want to understand your major concern because your major concern is the market’s concern. And so, the concern is this: Does Oxley have the money to pay for the sites?”  

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