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Oxley Convention City (From S$8xk)

Description

Type

Descriptions

Project NameOxley Convention City Batam (OCCB)
Developer NameOxley Karya Indo Batam
Location Jalan Raja H, Fisabilillah, Batam, Indonesia
Tenure of Land35 years lease (renewable)
Expected Date of Completion (T.O.P.) 2020 / 36 months
Site area 20,000 sqm
Total No. of Units 2,605 units (Commercial 130 units, Residential 1635 units, Hotel 520 units, Office 320 units)

OVERVIEW

Oxley Convention City is a flagship development covering a land area of approximately 20,000 sqm. Located at the heart of Batam’s thriving financial district, the iconic development will be Batam’s first integrated convention centre and office tower. The entire development comprises an office tower with 320 office units, a hotel of 520 rooms, a retail and food & beverage (F&B) avenue with 130 units, and three towers of luxurious residences consisting of 1635 residential apartments.

Phase 1 of Oxley Convention City will consist of 624 residential apartments (Residential Tower A) and 66 retail and F&B units.

Oxley Residences, the residential development of Oxley Convention City, offers well thought out homes with high ceilings and balconies that take in the scenic views outside. With a choice of homes suitable for both singletons and growing families, these residences easily meet the demands for an elevated urban lifestyle.

Three 32-storey towers with a total of 1,635 residences. Efficient studios from 25 sq m – perfect for young urbanites. Compact 1-bedroom units from 39 sq m – starter homes for young professionals and couples Spacious 2- to 3-bedroom units from 53 sq m – ample spaces for families to grow

With a host of private facilities including BBQ pits, yoga room, swimming pools, sauna, playground, multi-purpose function room and a well-equipped gym

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INVEST IN OXLEY CONVENTION CITY WITH CONFIDENCE

WHY INVEST IN OXLEY CONVENTION CITY

7 business towers merged in 1
It is the first mixed-development in Batam which has an integrated ecosystem. It was comprised with three 32-storey residential towers, 20-storey hotel, 29-storey office, a convention centre, 3-storey podium, and 130 retail units. It was designed to cater not just all the needs of its residents but the growing demand for residential and venue for large gatherings.

Luxurious Lifestyle
It wants to introduce you to a grand urban living where you can balance both living and working. On this place, things are made easier and accessible for you, because you are just floors away from shopping malls and high-class restaurants.

Modern Facilities
Aside from high-class restaurants, the residents can soak down to its swimming pool facility. They can also enjoy and access other modern facilities such as gym, clubhouse, and more.

It has a 6% per annum rental guarantee for the first 6 years and 8% per annum rental guarantee for the first renewal or year 6 to 10. 70% over 10 years.

Accessible Location
It was strategically placed at Batam’s financial district. And it has strong government support because it brings new opportunities to everyone. Residents can travel easily from Jakarta, Kuala Lumpur, and Singapore. It is also near from important establishments such as hospital, banks, schools, park, malls, and restaurants. It is also highly accessible via public and private transport and near from International Airport and Ferry Terminals.

Well-thought Floor Plan
This mixed-development business tower was elegantly designed with a spacious space and high ceilings, making it perfect for sight-seeing. All units available are highly affordable and is available for a reasonable price.

Environment Friendly
Numerous towers are invading the city but It is a whole different package, as it is incorporated with an ecosystem. Ecosystem is a community of a living organism in conjunction with non-living things and environment. We promote nature and urban living.

Perfect for Large gathering
The developers of Batam Oxley Property aims to cater the high demand of venues for large events and gathering. It has a wide Convention Centre which is perfect for events, meetings, and conferences.

WHY INVEST IN BATAM

With a strategic location in the straits of Malacca, in one of the busiest international shipping lanes, Batam enjoys a flourishing economic and business climate due to its attractive investment environment and close ties with Singapore. After becoming a Free Trade Zone as part of the Batam Indonesia Free Zone Authority (BIFZA), Batam metamorphosed into the richest and fastest growing region in Indonesia.

As a catalyst for Indonesia, Batams embraces cross-country relations with Singapore, a long-term strategic partner. With strong government support and very competitive investment incentives, Batam is also rich with untapped potential and lucrative opportunities for all investors.

One – Interest rates are low with the BI Repo rate at 5%. That is very low for Indonesia and will encourage potential investors to invest and borrow money.

Two – Loan to value ratios (LTV) have increased which means that you can borrow more money with a lower deposit (85% leverage on first property). This is a good thing for investors because they love to borrow as much as possible of other people’s money at the lowest interest rate possible.

Three – The first round of the tax amnesty has finished with the large percentage of people participating in the amnesty already paying their tax in the first round because of the low tax rates on offer. I think investors will now take the view of – Ok, I have paid my tax, that’s out of the way, let’s have a look at the market.

Four – As mentioned, I think there is a lot of pent up demand in the market since 2014. Essentially you have had investors sitting on the fence for a number of years waiting for more certainty in the market and some better investment conditions. Indonesian’s haven’t lost their wealth because of a slow domestic economy, they have been holding on to it waiting for a reason to buy property with it.

Five – Inflation is at historical lows at 4.5% which is good because high inflation will eat away at your property returns on a real basis. The Rupiah has also remained very stable in the 13,000 – 13,500 range.

Six – Stable politics combined with an increasingly confident president shifting toward more favorable policies for private sector and the market. Jokowi has been able to gain control of the Parliament and that should bring confidence to the market.

Seven – Prices have dropped more than 25% on the secondary residential market (in certain areas) since 2014 and have been flat lining for quite some time. The primary apartment market hasn’t dropped, nor will it, because developers don’t want to erode their profit margin by reducing their price. Developers have however, increased their incentives for buyers, made payment terms (up to 60 month payments) more favorable and continued their usual discounting in an effort to attract buyers back to the market.

I see a huge price discount on the secondary residential market and value on the primary. The only way the market is going from here will be North, and when it turns I think it will turn quite quickly on the back of Jakarta’s pent up demand. I think the next 1 year will be a different investing environment to the one we are currently in.

All of this points to a buying opportunity for smart savvy investors who can see the capital growth prospects this city has.

Happy investing

OXLEY CONVENTION CITY VIDEO

LOCATION MAP

Oxley Convention City is strategically situated within Batam’s vibrant financial district, at the junction of Jalan Sei Panas and Jalan Raja H. Fisabilillah. Just a stone’s throw away from major banks such as BNI Bank and OCBC NISP, and mere minutes away from popular destinations such as the Nagoya shopping and food district, Oxley Convention City is at the heart of it all.

  • 9 minutes drive to Batam City Square Mall

  • 9 minutes drive to Mega Mall Batam Centre

  • 10 minutes drive to Batam Ferry Terminal

  • 10 minutes drive to Nagoya Hill

  • 12 minutes drive to Awal Bros Batam Hospital

  • 12 minutes drive to International University of Batam

  • 12 minutes drive to Batam Golden City (Gold Cart)

  • 14 minutes drive to Melur Beach

  • 22 minutes to Hang Nadim International Airport

  • 45 minutes ferry ride to Singapore

  • 90 minutes ferry ride to Johor Bahru

  • 90 minutes flight to Kular Lumpur

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WHY INVEST IN OXLEY CONVENTION CITY

A strategic location and great connectivity to three major cities — Singapore, Jakarta, and Kuala Lumpur — has made Batam an alluring destination for MICE (meetings, incentives, conferences and events).

An added incentive for companies and holiday seekers who want more bang for their buck is the currency exchange rate of $1 to IDR9,500. For Singaporeans, Batam is just a 45-minute ferry ride away, either from the ferry terminal at Tanah Merah or HarbourFront Centre.

As such, it is also an ideal weekend destination for those who want to enjoy a day at the spa, manicure/pedicure for a fraction of the price in Singapore, play golf or shop.

Singapore-listed property group Oxley Holdings has big ambitions to drive Batam’s MICE industry. It is developing the 20,000 sq m Oxley Convention City, in a 50:50 joint venture with Indonesian land owner and partner, PT Karya Indo Batam.

UNIT MIX

UNIT MIX

Oxley launched the first phase of Oxley Convention City in Batam at the end of 2016.

In the first phase of its launch in Batam, Oxley is said to have sold more than 300 of the 624 residential units and 35 of 66 strata commercial units — located in the commercial podium — released for sale in Batam.

Of the 66 strata commercial units released for sale, there are 14 prime triplexes measuring 1,507 to 3,509 sqft located on the ground floor, fronting the busy main trunk road of Jalan Raja Haji Fisabilillah. As such, they are sought after among local buyers.

Prices of the commercial units range from $158,000 for a 132 sqft simplex to $805,000 for a 3,509 sqft triplex according to TheEdgeproperty.

The residential units range from 275 sqft studios to 1,418 sqft, four-bedroom duplex penthouses priced from $43,000 to $248,000 (bare units)

Most land parcels in Batam have a 35-year lease, with the option to renew for 30 years. Likewise, the owners of the strata commercial and residential units are also purchasing their property with a 35-year lease with the option to renew for 30 years.

SITE MAP

FLOOR MAP

FLOOR PLANS

DEVELOPER

Oxley International Holdings

Oxley Holding DeveloperEstablished in March 2010, Oxley International Holdings is a lifestyle property developer listed and headquartered in Singapore that specializes in developing quality industrial, residential and commercial projects. Their developments are usually situated in choice areas that can be easily accessed through various modes of transportation. Most of Oxley’s developments also incorporate lifestyle features, facilities and retail elements. Since its incorporation, they have completed twenty of the twenty-nine launched property developments in Singapore. Oxley has expanded into overseas markets, successfully completing a wide range of projects for their clients. They have launched 2 mixed-residential and commercial properties in Cambodia and 1 waterfront township project in London.

PAYMENT SCHEDULE

Reservation Fee: S$500 (equivalent to Rupiah $4.9million)

Within 14days, Sign SPA & pay first 5% of purchase price less Rupiah $4.9million

By 1 Dec 2017 – 2nd  5%

By 1 June 2018 – 10%

By 1 Dec 2018 – 10%

By 1 June 2019 – 10%

By 1 Dec 2019 – 10%

Upon Completion/ TOP  (Est 4Q 2020)– balance 50%

Land Title Tax (Stamp Duty) – 5% payable upon completion

GALLERY

PRICING

Studio Apartments from ~ S$6xK

1 Bedroom from ~ S$8xK
2 Bedroom from ~ S$12xK
3 Bedroom from ~ S$17xK
Penthouses from ~ S$30xK
Retail Shops from ~ S$26xK

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GROW YOUR PORTFOLIO WITH THE OXLEY CONVENTION CITY

Address

  • City: Batam
  • State/county: Indonesia
  • Country: Singapore

Contact info

New Launch For Sale
New Launch For Sale
6100 6150

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