SINGAPORE - Oxley Holdings will see $2.2 billion of revenue flow into the group from its Singapore and overseas projects as construction progresses, its chief executive Ching Chiat Kwong said in an update amid the coronavirus pandemic.
The mainboard-listed developer is also on track to redeem its $150 million worth of bonds due May 18, 2020," he added. In Kuala Lumpur, its KLCC project - which comprises two residential blocks and two hotels - has sold 222 of the 590 residential units available. Project construction has slowed due to the Covid-19 measures, it said, although its main contractor is striving to complete the KLCC Oxley Towers on schedule.
Yeah, really?
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