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Is Oxley a good buy at current price? Post Reply Rate topic
Qanghoo Supreme	21-Mar-2019 07:58        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	If that happens though, much of the void wld very likely be filled by ones from the PRC.  I don' t think I' d be very pleased with that !!!! Goldfinger      ( Date: 20-Mar-2019 21:24) Posted: OX and other prop developers should just exit SG market for good after they clear their stock and let everyone stay happily in their HDB flats. HDB flat will then be the only new supply. No more new private condos. No more risk. Then Chenghu can cool whatever they like after that.
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Goldfinger Supreme	21-Mar-2019 07:32        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	US Fed hints no rate hikes for 2019 - big shocking news.
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Goldfinger Supreme	20-Mar-2019 21:24        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	OX and other prop developers should just exit SG market for good after they clear their stock and let everyone stay happily in their HDB flats. HDB flat will then be the only new supply. No more new private condos. No more risk. Then Chenghu can cool whatever they like after that.
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Goldfinger Supreme	20-Mar-2019 21:12        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe it was 60percent previously, but that could be with higher margins. OX bought their lands cheap - think they have room and space to slash prices, but other developers may not like that. runaway      ( Date: 20-Mar-2019 21:05) Posted: As a guide, and as told by a developer friend, a project, at normal pricing, has to  sell  80% to break  even. If you drop the price, the breakeven % will go up. How many of Oxley projects have attained that?
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runaway Senior	20-Mar-2019 21:05        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	As a guide, and as told by a developer friend, a project, at normal pricing, has to  sell  80% to break  even. If you drop the price, the breakeven % will go up. How many of Oxley projects have attained that?
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Goldfinger Supreme	20-Mar-2019 20:34        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you follow transaction volumes - they are actually selling a lot of their Affinity and Riverfront units recently because of the new Central Region Line. New MRT stations are walking distance away. Quite heng for them. Wind22i      ( Date: 20-Mar-2019 19:17) Posted: The problem for oxley is its giant debt and outlook for the overpriced property mkt is not so good
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Goldfinger Supreme	20-Mar-2019 20:30        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	WHen I enblocked 10 years ago the first thing I did was buy freehold landed with a nice big garden with my profits from enbloc sale. History repeats bah. Goldfinger      ( Date: 20-Mar-2019 20:28) Posted: Totally agree - especially freehold and landed - what else will the enbloc sellers buy for their replacement home - you Guess. Qanghoo      ( Date: 20-Mar-2019 19:25) Posted: Property px can only go one way - north, short-term volatility notwithstanding.
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Goldfinger Supreme	20-Mar-2019 20:28        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Totally agree - especially freehold and landed - what else will the enbloc sellers buy for their replacement home - you Guess. Qanghoo      ( Date: 20-Mar-2019 19:25) Posted: Property px can only go one way - north, short-term volatility notwithstanding.  moron101      ( Date: 20-Mar-2019 19:23) Posted: That is why price dropped from above 60c to current 30+. But that was in the past.. things are getting better now.
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Qanghoo Supreme	20-Mar-2019 20:01        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think it' s a qn of reasonableness.  Furthermore, if u look at the way the LOi was framed, it lollowed the lines of a property transaction option.  Wind22i      ( Date: 20-Mar-2019 19:27) Posted: Well at least they get to keep that 9 mil deposit for free.. lesson for them .. next time ask for more deposit ie 5% deposit..ie if prop price is 800 mil.. deposit is $40 mil..
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Qanghoo Supreme	20-Mar-2019 19:33        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just do a comparison of all the land banking activities over the last few yrs.  Where have px headed?    Yes, mkt might be impacted by cooling measures for now.  Then look back at 2013-16.  Same inaction.  What happened after that?    For me, history will repeat itself.  Those who wait n wait will keep missing the boat.  For ox, which ' chionged' for land early ard 2017 n 18, they are likely in a better position to jostle for mkt share.  N that shd be fairly much to their advantage in a dour mkt.  Qanghoo      ( Date: 20-Mar-2019 19:25) Posted: Property px can only go one way - north, short-term volatility notwithstanding.  moron101      ( Date: 20-Mar-2019 19:23) Posted: That is why price dropped from above 60c to current 30+. But that was in the past.. things are getting better now.
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Wind22i Supreme	20-Mar-2019 19:27        Wind22i About Contact  Quote this Post!
x 0   x 1  Alert Admin	Well at least they get to keep that 9 mil deposit for free.. lesson for them .. next time ask for more deposit ie 5% deposit..ie if prop price is 800 mil.. deposit is $40 mil..
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Qanghoo Supreme	20-Mar-2019 19:25        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Property px can only go one way - north, short-term volatility notwithstanding.  moron101      ( Date: 20-Mar-2019 19:23) Posted: That is why price dropped from above 60c to current 30+. But that was in the past.. things are getting better now. Wind22i      ( Date: 20-Mar-2019 19:17) Posted: The problem for oxley is its giant debt and outlook for the overpriced property mkt is not so good
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moron101 Supreme	20-Mar-2019 19:23        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That is why price dropped from above 60c to current 30+. But that was in the past.. things are getting better now. Wind22i      ( Date: 20-Mar-2019 19:17) Posted: The problem for oxley is its giant debt and outlook for the overpriced property mkt is not so good
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moron101 Supreme	20-Mar-2019 19:20        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ox can always find other interested parties for the two hotels. May be can even fetch better prices. They really need to conduct more due diligences. Me support any price below 40 cents.
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Wind22i Supreme	20-Mar-2019 19:17        Wind22i About Contact  Quote this Post!
x 0   x 1  Alert Admin	The problem for oxley is its giant debt and outlook for the overpriced property mkt is not so good
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Qanghoo Supreme	20-Mar-2019 19:05        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Me too.  Lots of wonkie calls down here, not only in ox, but others too.  Talk is free one leh.  Goldfinger      ( Date: 20-Mar-2019 19:02) Posted: I will be a happy buyer below 28 cents. runaway      ( Date: 20-Mar-2019 18:57) Posted: Oxley stayed at $0.28 range for a long time, even with active buying by major shareholders at one point in time. It moved on news of LOI for Steven Rd assets earlier and later EOI for Chevron House. With LOI cancelled, the only hope for a rally is EOI, but the big price tag of $1B+ and the cancellable deposit do not argue well for a successful deal.
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Goldfinger Supreme	20-Mar-2019 19:02        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I will be a happy buyer below 28 cents. runaway      ( Date: 20-Mar-2019 18:57) Posted: Oxley stayed at $0.28 range for a long time, even with active buying by major shareholders at one point in time. It moved on news of LOI for Steven Rd assets earlier and later EOI for Chevron House. With LOI cancelled, the only hope for a rally is EOI, but the big price tag of $1B+ and the cancellable deposit do not argue well for a successful deal.
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runaway Senior	20-Mar-2019 18:57        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oxley stayed at $0.28 range for a long time, even with active buying by major shareholders at one point in time. It moved on news of LOI for Steven Rd assets earlier and later EOI for Chevron House. With LOI cancelled, the only hope for a rally is EOI, but the big price tag of $1B+ and the cancellable deposit do not argue well for a successful deal.
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