January 13, 2011, 7.17 pm (Singapore time)

Oxley's Loft@Holland sold out within 2 hrs of launch

By ANGELA TAN


Oxley Holdings Limited said that its Loft@Holland, has met with strong response with all 41 apartment units taken up within two hours of the soft launch on Thursday.


Oxley said the demand was strong enough to require balloting to be conducted for all but two units.

On average, there were about three interested buyers per unit.

The units were booked at prices up from $1,630 psf to $2,166 psf and the buyers were mainly Singaporeans.

Located at 151 Holland Road, the five-storey development comprises 37 one-bedroom units, ranging from 323 - 484 sq ft, and four two-bedroom penthouses with private jacuzzis, ranging from 980 - 1,141 sq ft.

Late Thursday, the Singapore government unveiled a slew of additional measures to cool the property market.

Among the measures, property buyers who are individuals with one or more outstanding housing loans at the time of the new home, the loan-to-value (LTV) limit on housing loans granted by financial institutions regulated by MAS will be lowered from 70 per cent to 60 per cent.


Source: www.businesstimes.com.sg

Updated 11:12 AM Jan 14, 2011
SINGAPORE - Only hours before the Government announced its latest round of cooling measures for the property market, buyers had snapped up all the units available at the Loft@Holland, Oxley Holdings' latest "shoebox'' residential project.

The property developer said all its 41 units were sold within two hours at its soft launch yesterday. Demand was so strong that all, but two units, in the development needed balloting to be conducted.

"On average, there were about three interested buyers per unit," Oxley said.

The units were sold at between $1,630 to $2,166 per sq ft, and most of the buyers were mainly locals, the company said.

Oxley chairman and chief executive officer Ching Chiat Kwong said: "The market's overwhelming response to our latest projects is extremely encouraging."

The five-storey development which is located at 151, Holland Road, comprises 37 one-bedroom units, ranging from 323 sq ft to 484 sq ft, and four two-bedroom penthouses with private jacuzzis, ranging from 980 sq ft to 1,141 sq ft.

It also has common facilities that include a basement carpark, a swimming pool and a gymnasium.

Analysts believe that the main attraction of the property is its prime location, which puts it in close proximity to the proposed Holland Village MRT Station and nearby Holland Village Shopping Centre.

It is also close to renowned schools like Henry Park Primary School, Nanyang Primary School, and Hwa Chong Institution.

Loft@Holland is expected to receive its Temporary Occupation Permit in December 2015.

Source: www.todayonline.com

SINGAPORE - Oxley Holdings is set to unveil two new residential developments: Loft@Holland and Vibes@Kovan.

Loft@Holland is a 42-unit apartment building located at 151 Holland Road. It consists of 37 one-bedroom units, with sizes ranging from 323 sq ft to 484 sq ft, and four units of two-bedroom penthouses, ranging from 980 sq ft to 1,141 sq ft.

The development has a basement car park, swimming pool and a gym.

Its expected temporary occupancy permit (TOP) date is December 2015, while the legal completion date is expected on December 2018.

Loft@Holland is located near the Holland Village MRT Station, Holland Village Shopping Centre, and Chip Bee Garden eateries.

Schools near the area include Henry Park Primary School, Nanyang Primary School and Hwa Chong Institution.

Vibes@Kovan is a five-storey freehold development located at 93 Kovan Road near Serangoon MRT Station and Kovan MRT Station. The new NEX shopping mall is also close by.

Vibes@Kovan will have 36 units. They range from one-bedroom, one-bedroom plus study, and two-bedroom units with sizes from 377 sq ft to 570 sq ft.

There are also nine penthouse units, of two-bedroom and two-plus-one-bedroom configurations, ranging from 732 sq ft to 1,001 sq ft.

Amenities include a basement car park, swimming pool and gym, as well as five shop units on the first floor, with sizes ranging from 269 sq ft and 710 sq ft.

The expected TOP date is Dec 31, 2015, while the expected date of legal completion is Dec 31, 2018.

05:55 AM Jan 07, 2011
Source: www.todayonline.com