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Oxley to recognise revenue of $2.4 bil from Singapore projects

The Edge Singapore
The Edge Singapore4/6/2020 09:31 PM GMT+08  • 2 min read
Oxley to recognise revenue of $2.4 bil from Singapore projects
Based on its effective stake in all these projects, it will be able to recognise $2.4 billion in revenue in the coming two years, said Oxley on April 6.
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SINGAPORE (April 6): Oxley Holdings has sold nearly three quarters of its Singapore development portfolio as of March. Based on its effective stake in all these projects, it will be able to recognise $2.4 billion in revenue in the coming two years, said Oxley on April 6.

A total of 2,848 units out of 3,923 units, from a dozen different projects launched have been sold thus far, the company said.

Most of these projects are fully owned by Oxley, while three of the projects, Riverfront Residences, Affinity at Serangoon and INSPACE, are joint ventures.

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