Oxley headed for record-breaking profits in 2016

It has $3.3b in total unbilled sales.

Lifestyle property developer Oxley Holdings is expected to enjoy record-high profits in 2016 to 2017, according to a report by RHB Research.

RHB highlighted that Oxley has $3.3 billion in total unbilled sales across its development projects in Singapore and overseas. This staggering figure will underpin record profits in the next two years.

Oxley also has a number of high-yielding mixed development projects which are on track for completion in the next 12-18 months, while its overseas residential launches have seen impressive take-up rates.

“Oxley has posted SGD3.3bn in total unbilled sales across its local/overseas projects that would underpin record profits over the next two years. It also build up a sizable overseas portfolio to drive the next wave of NAV growth, with planned UK, Cambodia, Ireland, Malaysia and Myanmar launches in the upcoming months. The stock is one of our property sector Top Picks,” said RHB.