Chevron House

Oxley has shored up its balance sheet after selling a commercial property for a handsome profit. But chairman Ching’s immediate challenge is to sell all its project units and launch a regional development fund to tap bigger opportunities.

“Oxley is comfortable with its current cash position and is still keen to reward shareholders with a special dividend this year,” say RHB Securities’ analysts.

(May 6): The US central bank is keeping rates steady, with Federal Reserve chairman Jerome Powell saying he sees no immediate need to move interest rates either higher or lower, and that the Fed is watching for a rebound in persistently sluggish inflation

SINGAPORE (Apr 30): Oxley Holdings has sold Chevron House at 30 Raffles Place Singapore to Golden Compass (BVI).

SINGAPORE (Mar 14): Mainboard-listed property group Oxley Holdings could be selling Chevron House in Singapore’s central business district for $1.025 billion – just 15 months after acquiring the property for $660 million in December 2017.

SINGAPORE (June 4): Maybank Kim Eng has initiated coverage on property developer Oxley Holdings at “buy” with a target price of 56 cents, which is based on a 20% discount to its RNAV of 71 cents.

SINGAPORE (Dec 14): Oxley Holdings' subsidiary Oxley Beryl has entered into a sale and purchase agreement to acquire Chevron House for $660 million from Deka Singapore A.

SINGAPORE (July 2): Deka Immobilien GmbH, a unit of Germany’s DekaBank Group, is putting up an office building for sale in Singapore’s central business district, according to a person familiar with the matter.