Oxley Tower units snapped up in a jiffy

[dtrax]

Got so kua zhang bohhhhhhhh,,,


Cafes and shops sold out in buying frenzy, 60% of office units taken up

By MICHELLE TAN

IF NOT for the Oxley Tower signboard in the lobby, it would have looked like yet another line of Singaporeans queueing up for their share of freebies.


STANDING ROOM ONLY
Response for the 138 Robinson Road project was such that all its shop and cafe units attracted multiple buyers and had to be balloted
It was a buying frenzy at the Oxley Tower launch yesterday with anxious buyers frantically flipping through price lists and dishing out cheques to their agents on standby.

Response for the rare freehold strata development located in the heart of Singapore's central business district (CBD) - at 138 Robinson Road - was immense with all its shop and cafe units receiving interest from more than one buyer, triggering the need for two phases of ballots (carried out at 12.30pm and 4.30pm respectively) to place the units to their 'lucky' new owners.

Cafe units ranged from 398 to 807 square feet in size with prices starting from $6,200 per square foot (psf) to $7,200 psf (averaging $6,653 psf).

For shops, units ranged from 118 sq ft to 409 sq ft, with prices starting from $3,800 psf and extending to $6,000 psf (averaging $4,820 psf).

The developer, Oxley Consortium, also released 56 out of 104 office units (947 sq ft to 1,346 sq ft) straddled across level 5 to level 18 of the tower, at prices ranging from $2,800 psf to $3,490 psf (averaging $3,048 psf) at the launch yesterday.

In total, the freehold strata development comprises 121 shops, eight cafes and 104 office units.

In addition, the development also has space for a gym or spa and three restaurants. However, the company said that it will consider selling these units only upon receiving expressed interest from prospective buyers.

As of yesterday evening, all of the development's cafe and shop units were sold out. The office units also saw brisk sales with 60 per cent of the units finding buyers as well.

Oxley Tower is expected to receive its temporary occupation permit (TOP) sometime in December 2018.

[hyenergix]

Only new HDBs, ECs, PCs, commercial and industrial units direct from developers are hot now. Resale is stagnant.

[kane]

Yah man balloting? Is that location that hot for 6500psf for the commercial space?

[Jonathan0503]

Strata title for retail and shops will not work well

[Wild Falcon]

Wah lau. Everyone want to open cafes like that. Singapore really too many cafes already lah. Nowadays when youngster say they want to be "entrepreneur", you thought they want to be like Steve Jobs and invent things to improve people's lives? No. When they say "entrepreneur" means open another useless cafe or F&B - lack creativity - every time I read some youngster "entrepreneur" set up cafe I cant to puke. Really hopeless. Frankly many cafe chains are not that profitable because mostly students sitting around to study for hours.

[august]

Strata title for retail and shops will not work well

same thoughts too...

[smallant]

I will BUY... Buy... 1 lot of Oxley... Shares.. better... safer...

[vboy]

me three! 3333

same thoughts too...