Oxley-led consortium acquires Serangoon Ville for S$499m in collective sale
July 26, 2017
The Business Times
A CONSORTIUM led by Oxley Holdings has acquired Serangoon Ville for S$499 million in a collective sale.
The consortium comprises Lian Beng Group, Unique Invesco Pte Ltd, and Apricot Capital, which is the private investment firm of Super Group’s Teo family. Unique Invesco is a 37.5 per cent owned associated company of Kim Seng Heng Realty Pte Ltd, a wholly owned subsidiary of KSH Holdings.
Earlier in May, the four companies – Oxley, KSH, Lian Beng and Apricot Capital – also teamed up to acquire Rio Casa, a former HUDC estate in Hougang, in a collective sale for S$575 million.