Oxley launches final phase of London project

Homegrown property developer Oxley Holdings will launch the final phase of its Royal Wharf waterfront township development in London to Singaporean buyers next weekend (12 to 13 March) at Regent Hotel Singapore, following today’s launch in London and Hong Kong.

Dubbed Mariner’s Quarter, the new phase of properties comprises 207 one- to three-bedroom apartments across two buildings.

Prices at Mariner’s Quarter start from £395,000 (S$773,921) for a one-bedder, said the developer.

Commenting, Eric Low See Ching, Executive Director and Deputy CEO of Oxley said: “London offers unparalleled opportunities for development and is a natural choice for Oxley’s first venture overseas. It has all the fundamentals for a sound real estate investment: a resilient, diverse economy and a growing, thriving population.”

The site was purchased by Oxley in November 2013 for £200 million. At the time, Ian Loh, Executive Director & Head of Investment and Capital Markets at Knight Frank, which brokered the sale, said the various rounds of cooling measures in Singapore may have prompted local developers, such as Oxley Holdings, “to eye overseas development opportunities”.

Royal Wharf is at the heart of efforts to revive London’s Royal Docks near the River Thames. Stretching across nearly 40 acres, the development features 3,400 homes, a new school, a shopping street, and spaces for offices, restaurants, cafés and bars.

In 2018, a new Crossrail station will open in the area, reducing the travelling time to Heathrow Airport and the West End.

Royal Wharf was first launched to buyers in London and Singapore in early 2014, attracting strong market response with over 50 percent of the 811 units in phase one being sold on the first day of its launch in each city.

The 999-year leasehold project will be progressively completed from this year.

In addition, Oxley Holdings has a portfolio of 28 local projects and two mixed-use developments in Phnom Penh.

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg