Apr 2, 2012 - CommercialGuru.com.sg
by Cheryl Tay
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Oxley Tower  (pictured), a rare freehold strata development by Oxley Consortium, received strong response during its official launch on 1 April 2012.

Located along 138 Robinson Road, the development’s shop and café units each received interest from more than one buyer, resulting in two balloting phases to select their new owners.

Sizes of the café units ranged from 398 sq ft to 807 sq ft, while prices ranged from S$6,200 psf to S$7,200 psf (averaging S$6,653 psf).

For shops, the size of each unit ranged from 118 sq ft to 409 sq ft. Prices ranged from S$3,800 psf to S$6,000 psf (averaging S$4,820 psf).

In addition, Oxley Consortium has also released 56 out of 104 office units across level 5 to 18 of the tower. Priced from S$2,800 psf to S$3,490 psf, the unit sizes range from 947 sq ft to 1,346 sq ft.

Overall, the freehold strata development includes 121 shops, 104 office units and eight cafés.

As of Friday evening, all of the development’s shop and café units were sold out. The office units also witnessed good take-up, with 60 percent of the units sold.


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