Ocean Sky International Limited (“Ocean Sky” or the “Company” and together with its subsidiaries, the “Group”) continues to grow its property development and investment business in Singapore and the Asia Pacific region.
Property Development
Singapore
The Group successfully completed the redevelopment and sale of a 456 square metre luxury detached house at Nim Drive. The project which commenced in 2017 marks the Group’s successful foray into the property development business in Singapore.
As part of Ocean Sky’s approach to develop synergistic partnerships, the Group’s wholly-owned subsidiary, Arctic Sky Investment Pte. Ltd., entered into a joint venture with Tiong Seng Holdings Limited and formed TSky Development Pte. Ltd. (“TSky Development”) in 2017 to enhance its presence in Singapore’s property development market.
TSky Development successfully completed the redevelopment and sale of Sloane Residences and Cairnhill 16. Located at 17 Balmoral Road in District 10, Sloane Residences is a 12-storey freehold development featuring an exclusive collection of 52 stunning residences nestled in an impeccable neighbourhood of distinction. Located at 16 Cairnhill Rise in District 9, Cairnhill 16 is a 15-storey luxury hilltop development with 39 exclusive units nestled in a serene enclave that is a short walk to the heart of Orchard Road.
- Sloane Residences – Located at 17 Balmoral Road in District 10, this 12-storey development is an exclusive collection of 52 stunning residences nestled in an impeccable neighbourhood of distinction.
TOP obtained in November 2022
For more information, please visit: www.tsky-sloaneresidences.sg
- Cairnhill16 – Located at 16 Cairnhill Rise in District 9, this 15-storey luxury hilltop development with 39 exclusive units is nestled in a serene enclave that is a short walk to the heart of Orchard Road.
Scheduled TOP: End January 2024
For more information, please visit: www.cairnhill16.sg
Cambodia
The Group’s wholly-owned subsidiary, Pacific Sky Investment Pte. Ltd., together with its joint venture partners CIAC Investment Limited and Centra Properties Pte. Ltd., are developing a proposed 71-unit shophouse development project, Eco Garden Mall, on a freehold land area of approximately 9,185 square metres in Kandal Province.
Property Investment
The Group’s investment property in Melbourne, Australia’s second largest city provides a source of recurring rental income.
541 Blackburn Road is a four-storey office building with a net lettable area (“NLA”) of 3,628 square metres in Melbourne’s Monash Technology precinct. Sitting on a freehold site area measuring 6,210 square metres, this investment property offers a 150-metre-long corner street frontage and has 157 on-site car parking lots.
