OXLEY Holdings Ltd CEO Ching Chiat Kwong and deputy CEO Eric Low See Ching will jointly assume the position of CEO for its Malaysian subsidiary Oxley Holdings (M) Sdn Bhd with the departure of Datuk Othman Omar (pic). Both are directors of Oxley Malaysia group of companies.
Othman was in Oxley for two years. His last day was March 31, 2016.
Oxley Holdings, known for its “shoebox-sized” developments in Singapore, will be developing one of Kuala Lumpur’s most well-known sites less than 500m from the Petronas Twin Towers. The mixed integrated development, located next to Wisma Central, will have a 29-storey office block. The other two blocks will comprise a 49-storey block to be occupied by Dubai-based hotel Jumeirah and a 78-storey block that will be occupied by French boutique hotel Sofitel So. The two hotels will also have two serviced apartments in their respective buildings.
Othman managed the purchase of the 3.2-acre site and saw to the initial overall planning of the mixed integrated development. It will be the Singapore-listed company’s flagship development in Malaysia.
Veritas Architects won a design competition for the project. Its facade will be inspired by the Malaysian “weaving” arts. The frontage features a 25,000 sq ft plaza on the Jalan Ampang side. The land is currently occupied by the Pelita Nasi Kandar chain. Construction is expected to start this year.
Othman, 57, said he had left to pursue his academic interest but will assist where necessary. Oxley hired the former Selangor State Development Corp (PKNS) general manager, a move which indicated Oxley Singapore’s seriousness in making Malaysia a core market.
During his two years with the company, Othman managed several land purchases for the Singapore developer but the most high profile was the 3.2-acre Oxley Towers land, which the company purchased at RM3,300 per sq ft, setting a new benchmark for land price in that vicinity.