Mainboard-listed Oxley Holdings revealed that its wholly-owned subsidiary, Oxley Myanmar, had entered into a building construction, management and consultancy services agreement to build a 20-storey mixed development in Yangon.
The project shall be called Min Residence, located in a land plot which has an area of 3.185 acres. The agreed construction cost, including all related consultancy and professional fees, shall be determined after the contracts have been awarded to the contractors and design consultants. The agreed land utilising cost is $74.55m (US$58.9m).