Oxley sells 60% of BizHub property in two days

The soft launch of phase one comprised of 364 units, with the factory and warehouse units booked at an average price of $677 psf.

The property developer said the buyers were mainly Singaporeans.

According to Ching Chiat Kwong, CEO and Executive Chairman of Oxley Holdings, the strata -titled units ranging from 915 sq ft to 3,423 sq ft. inside the BizHub provides a “better alternative” to costly CBD locations and the general industrial parks.

The company’s maiden foray into the development of industrial projects, is set at the heart of the Paya Lebar industrial district along Ubi Road 1.

Located within walking distance to Tai Seng MRT and MacPherson MRT, Oxley BizHub comprises of three podium blocks and four tower blocks, housing 728 factory and warehouse units.

“Oxley BizHub is an innovative industrial property, likely to be the first of its kind in Singapore. The market’s positive response to our first industrial project testifies to the good market demand for such uniquely-designed, lifestyle oriented industrial property,” Ching said.