Archive for category: Misc

Oxley Holdings has reported a significant improvement in its financial performance for FY2025, with its losses narrowing due to higher revenue, lower costs, and reduced financing expenses. The renowned developer’s net loss for the year ended June 30 stood at $6.1 million, a substantial improvement from the $95.9 million loss recorded in the same period a year earlier. The group’s revenue for the second half of FY2025 increased by 59.8% year-on-year to $198.3 million, resulting in a full-year revenue of $313.6 million, an 8.7% increase from the previous year.

For those looking to invest in overseas properties, Oxley Holdings has a range of projects available for sale around the world. The group’s net operating cash inflows for the year amounted to $75.7 million, supported by hotel revenue, rental billings, and progressive billings from its overseas projects. The company also managed to reduce its debt levels by $126.2 million during the year. As of June 30, bank borrowings and fixed-rate notes amounted to $1.243 billion, of which $1.155 billion was secured. After redeeming $88 million in unsecured debts after the reporting period, the group currently has no remaining unsecured borrowings.

One of Oxley’s prime projects, the Oxley Towers Kuala Lumpur City, has been fully completed and the group expects to hand over its first residential units as early as September. The company anticipates collecting RM200 million in proceeds from its committed sales, followed by RM60 million in the next 12 months and another RM32 million in 2027. However, Oxley still holds RM550 million worth of unsold inventory. According to the developer, transaction volumes for the project have picked up in recent months following its completion, and the group aims to clear its inventory within the next six to 12 months.

At the same time, the renovation works for Oxley’s Kuala Lumpur hotel components are ongoing, and the group expects operations to commence in the near future. In Singapore, the group’s two hotels achieved an impressive average occupancy rate of 86%, while the Shangri-La Hotel in Cambodia recorded a 52% occupancy rate since its soft launch. Together, these properties generated hotel revenue of $59.4 million in FY2025, an increase from $58.2 million the previous year.

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Coastal Cabana, located at Jalan Loyang Besar, embodies the essence of East-side living with its blend of sun-kissed leisure, convenient daily living, and a close-knit community. Developed by Qingjian Realty, this address offers a seamless fusion of these desirable traits. Situated just a stone’s throw away from Downtown East, as well as the verdant Pasir Ris Park with its picturesque trails and beaches, Coastal Cabana provides quick and easy access to major rail and road networks such as the East-West Line, Cross Island Line, TPE, PIE, and ECP. Its unit mix, ranging from 2-bedroom to 4-bedroom apartments, caters to the needs of families and multi-generational households. The development not only offers a rejuvenating retreat, but also caters to the demands of daily life. This makes it the perfect choice for upgraders, young families, and multi-gen households looking for a coastal residence with enduring value. For those seeking a home by the sea, Coastal Cabana at Pasir Ris is an exciting new chapter waiting to be explored. Learn more about this exclusive development at Coastal Cabana.

Looking ahead, Oxley has announced its plans for a strategic repositioning of its business. As part of this, the group intends to divest from investment properties and hotel development and focus solely on property development. Oxley has also expressed its willingness to sell its hotel portfolio when the right opportunity arises. Executive chairman and CEO Ching Chiat Kwong believes that this strategic shift will enable the group to focus its resources on markets and segments where it has a strong competitive advantage. The company aims to stay agile, capture growth opportunities, and create sustainable value for its stakeholders by channeling its resources into core development activities and recycling capital from divestments.

With this repositioning, Oxley will focus on its core markets of Singapore, the United Kingdom, and Ireland and gradually exit emerging markets such as China, Cambodia, and Malaysia once the ongoing projects in these locations are completed. The proceeds from these divestments will be strategically reinvested to support core development activities, including participating in local land tenders and accelerating the Dublin Arch project in Ireland, which has been identified as a priority project.

Oxley also notes that the current low-interest rate environment is favorable for future development, and the company expects significant savings in interest costs. As of August 29, Oxley’s shares closed at 10 cents, down 0.97% for the day but up 45.71% year-to-date. At this level, the counter is trading at roughly half its June 30 net asset value of 19.6 cents per share.