Ampas Apartment

Oxley acquiring Ampas Apartment for $95 mil in collective sale

SINGAPORE (Mar 27): Oxley Holdings is acquiring the property known as Ampas Apartment from the respective owners of the units in a collective sale.

On Tuesday, subsidiary Oxley Jasper exercised the option to purchase all the units in the development at 5 Jalan Ampas for $95 million.

Taking into account the development charge payable, the acquisition cost will amount to approximately $1,073 psf ppr, inclusive of balcony area.

The property is a freehold property with a land area of approximately 2,809.3 sqm.

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