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Another issue to note is whether some buyers will default, as property prices in London now should be lower after Brexit.

(27-06-2016, 10:43 AM)cfa Wrote: [ -> ]Another issue to note is whether some buyers will default,  as property prices in London now should be lower after Brexit.

depends on whether took loans or on deferred payment...net exposure not high for most.

(27-06-2016, 12:04 PM)opmi Wrote: [ -> ]

(27-06-2016, 10:43 AM)cfa Wrote: [ -> ]Another issue to note is whether some buyers will default,  as property prices in London now should be lower after Brexit.

depends on whether took loans or on deferred payment...net exposure not high for most.

In UK , buyer will just put a down payment of 5-10% , and the rest only to be paid on TOP .
I could be outdated on this rule ??

Oxley Holdings says GBP exposure 'limited'
http://sgx.i3investor.com/servlets/fdnews/61938.jsp

not vested

Sterling falls to new low against the dollar in Asia trade
http://www.bbc.com/news/business-36721016

Looks like going to suffer huge exchange losses down the road.
Most of their borrowings are in Sing $ .

The payment scheme is different from Singapore. One risk is that the 'committed buyers' will default if property prices drop significantly.

http://www.propertyoverseas.sg/london/ro...sheet.html

not vested

(07-07-2016, 11:20 AM)Behappyalways Wrote: [ -> ]The payment scheme is different from Singapore. One risk is that the 'committed buyers' will default if property prices drop significantly.

http://www.propertyoverseas.sg/london/ro...sheet.html

not vested

habis already lah, people are already asking for at least 10% discounts on property purchase now if not then they will cancel and no one buying. Already 3 property funds frozen up liao.

Oxley Holdings Limited
Company Registration Number 201005612G
______________________________________________________________________________
Oxley delivers superb 123% growth in net profit after tax of  
S$295.4 million for FY2016
-
PATMI increased by 162% year-on-year to S$206.0 million
-
Cash & Cash Equivalents increased by S$ 207.3 million to S$551.3 million
-
Gearing lowered from 3.1x to 2.8x due to robust profit
-
Unbilled contract value stood at a healthy S$3.0 billion. S$1.9 billion of this is
expected to obtain TOPs in the next 12 months

http://infopub.sgx.com/FileOpen/Oxley_FY...eID=419195



Not affected by BREXIT and weakening Pound at all ?

Oxley Holdings to raise up to S$78.1 million through primary placement of ordinary shares to investors

Oxley Holdings Limited announced that it has appointed Credit Suisse (Singapore) Limited, DBS Bank Ltd. and Maybank Kim Eng Securities Pte. Ltd. as joint placement agents in relation to a proposed placement by the Company of up to 156,800,000 ordinary shares.

The Placement Shares will be issued at an issue price of S$0.51 per share, representing a discount of approximately 8.8% to the volume weighted average price of S$0.559 for trades done on the SGX-ST on 14 March 2018.