Oxley Holdings is eyeing development land in Sepang, Selangor.
Its wholly-owned subsidiary, Oxley Treasure, has signed a framework agreement with Sepang Goldcoast and Sepang Bay to develop the land.
Sepang Goldcoast is a subsidiary of Sepang Bay.
Sepang Goldcoast and Sepang Bay hold interests in two parcels of 99-year leasehold land with an aggregate area of about 47.3 hectares in Sepang.
Oxley Treasure will develop the land through phases for commercial and residential purpose.
The joint venture agreements provides that Oxley Treasure shall be entitled to 85 per cent of the gross development value of the developments on the land.