Want a landed property, but don't want the hassle of maintaining the exterior, installing your own pool, etc.? Well, the most common alternative is cluster housing, but there is another option. Some condo projects have villas, or a small number of landed properties, in addition to the usual apartments; and they may provide the right mix of much more convenient.
Singaporeans love freehold properties; and in many discussions, there's an emphasis on the permanence of a housing asset. Many feel that a leasehold property is too transient, or complain that even a freehold property might be seized by the government. But behind all this, there's an important question that's rarely asked: How long does the typical condo survive in Singapore?.
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The Novotel and Mercure Hotels on Singapore’s Stevens Road remain in Oxley’s portfolio after a failed sale
Debt-saddled Oxley Holdings on Thursday announced a S$106.4 million ($80 million) investment in the Singapore developer by Hong Kong-based Dignari Capital Partners (DCP), in the form of convertible notes.
The notes carry annual interest of 4.5 percent, paid semi-annually, with a maturity of 24 months and an option to extend the maturity by a further 12 months, Oxley said in a release.
In what amounts to a stake sale, the notes can be converted into shares of the SGX-listed company at a roughly 15 percent premium to the volume weighted average price per share 10 trading days prior to the date of the agreement, 6 January 2021.