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A Successful En-Bloc in Mayfair Gardens

Brought to You by Oxley Holdings

A Brand New Development, 
Coming your way, with
an exclusive of potential 380 apartments,
300m to King Albert Park MRT Station

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More Information and Updates!

PROJECT DETAILS

 
 

Located in the Central Region of Singapore, Mayfair Gardens, along Dunearn Road and bounded by Rifle Range Road, was sold to Oxley Holdings, Lian Beng Group for S$311 million. The sale price, with an additional lease top-up premium estimated at $52 million to top up the lease to a fresh 99 years, translates to a land price of about $1,244 per square foot per plot ratio (psf ppr). The estimated breakeven amount is likely to be around S$1780 psf.


The site at Mayfair Gardens is in a private estate surrounded by landed homes, private condominiums. The owners of the 124 units comprising of 6 blocks development, each got an between S$1.7 million and S$2.89 million. 

   

New Condo at King Albert Park MRT Station- Connectivity
New Condo is about 300 m away from King Albert Park MRT Station, serving the Downtown Line Station. It is centrally located location and will take around 10 minutes to drive to Orchard Shopping District and 17 minutes’ drive to the Central Business District (CBD). New Condo at Mayfair Gardens is also next to the Pan Island Expressway (PIE) which connects drivers to all parts of Singapore.


New Condo at King Albert MRT Station- Education
New Condo at King Albert MRT Station is close to local schools such as Pei Hwa Presbyterian, Methodist Girls’ School, Nanyang Primary School, Bukit Timah Primary School. New Condo at King Albert Station is near to tertiary education facilities such as the Ngee Ann Polytechnic and the SIM University. There are also international schools that are close to it such as Swiss School, Hollandse School and German European School.


New Condo at King Albert MRT Station- Amenities
Future residents will find lots of conveniences living at New Condo at King Albert MRT Station as the retail, dining, and entertainment facilities at KAP. For more options, the Bukit Timah Plaza, Beauty World Centre, Beauty World Plaza, Bukit Timah Shopping Centre and The Grandstand are just within its vicinity.

For local delights, New Condo at King Albert Park MRT Station residents will find many famous local cooked food stalls the Bukit Timah Market and Food Centre is just round the corner which is about 500 m away. There are also 94 market stalls available at Bukit Timah Market and Food Centre which New Condo at King Albert Park MRT Station residents can get their wet and dry market produce and also their basic necessities.

For golf lovers, New Condo at King Albert Park MRT Stationis just a short drive away from Green Fairways Golf Course, a 9 hole public course which is located near to Holland Village. There is also a 60 bay golf range at Green Fairways itself for golfers to practice their driving skills. New Condo at King Albert MRT Station residents can also take up gun shooting at the nearby Singapore Gun Club. New Condo at King Albert Park MRT Station residents can take a short drive down to the Bukit Batok Nature Park when in need for a moment of peace and serenity whilst enjoying the lush greenery and also the scenic pond located at the park.


The site of New Condo at King Albert Park MRT Station has a central location being in the Central Region of Singapore, with good connectivity, proximity to good schools and lush greenery around make excellent choice for own-stay.

 

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First Hand Information

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Invest in Central Region
with High Rental Potential
and High Demand

Downpayment starts fr S$160,000 only
 
 
 
Project  New Condo at Rifle Range Road at former site of Mayfair Gardens
Developer  Oxley Holdings
Location  Rifle Range Road, Duneran Road
District  11
Tenure  99 years leasehold
Site Area  19,368 square metres/  208,477 square feet
GFA:  27,114 square metres/291,861 square feet
Plot Ratio  1.4
Expected TOP:
Total Units  Approximatley 380 residential apartments
Total Carpark
Development  Condo comprising of communal facilities
Unit Type:
Architect
Eligibility SC/ SC, SC/SPR and Foreigner can buy

LOCATION and AMENITIES

dw-mayfairgardens-171119

Amenities Near New Condo at Rifle Range Road, Dunearn Road

Category Important Amenities New Condo at Rifle Range Road, former site of Mayfair Gardens Approximate Distance
Train Stations King Albert Park MRT Downtown Line Due 2015 0.4km
Bus Stop King Albert Park (Bus: 66, 67, 74, 77, 151, 154, 157, 170, 171, 174, 563, 852, 961, 970)
Aft King Albert Park (Bus: 52, 61, 74, 75, 151, 154, 184)
Opp Bukit Timah Plaza (Bus: 52, 61, 66, 67, 75, 77, 157, 170, 171, 173, 174, 852, 961C, 970
0.1km
0.1km
0.3km
Supermarkets Shop N Save
Giant
Cold Storage
0.7km
1.5km
1.8km
Shopping Malls Bukit Timah Plaza
Beauty World Centre
Beauty World Plaza
Bukit Timah Shopping Centre
The Grandstand
0.2km
0.7km
0.7km
0.8km
1.5km
Education Institutions Preschool
Nurturing Roots Montessori Preschool
Glory Kindergarten
PCF Bukit Timah Blk 12
Creative Thinkers Kindergarten
Montessori Children’s House Kindergarten
The Little House (Montessori) Kindergarten
Swallows And Amazons Kindergarten
0.3km
0.5km
0.8km
1.0km
1.3km
1.5km
1.5km
Primary
Pei Hwa Presbyterian School
Methodist Girls’ School
Nanyang Primary School
Bukit Timah Primary School
0.4km
0.5km
1.1km
1.5km
Secondary
Nanyang Girls’ High School 2.6km
Junior College
Hwa Chong Junior College
National Junior College
2.9km
2.9km
Tertiary/Postgraduate
Ngee Ann Polytechnic
UniSIM
0.7km
0.9km
International
Swiss School
Hollandse School
German European School
1.4km
1.5km
1.8km
Food Centre Bukit Timah Market & Food Centre 0.5km
Lifestyle Singapore Gun Club
Swiss Club
The British Club
Green Fairways Golf Course
Bukit Batok Nature Park
0.9km
1.4km
1.7km
2.1km
2.2km

FACILITIES and SITE PLAN E-BROCHURE

The Facilities and Site plan of new condo launch at the former site of Mayfair Gardens, walking distance to King Albert Park MRT Station are currently seeking approval from relevant authorities.

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RESIDENTIAL FLOOR PLANS E-BROCHURE

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CONDO SITE IN FORMER MAYFAIR GARDENS NEAR KING ALBERT PARK MRT STATION SOLD TO OXLEY HOLDINGS

SINGAPORE - The collective sale market continues to thrive, with the latest being Mayfair Gardens, snapped up by listed property developer Oxley Holdings for $311 million. The reserve price was $265 million.

Each owner stands to collect a gross sale price of around $1.7 million to $2.89 million once the deal goes through successfully.

The private residential estate is made up of six residential walk-up blocks with units ranging from 100 to 200 sq m and has a site area of 19,368 sq m. Located off Dunearn Road, it is near schools such as Methodist Girls' Primary & Secondary schools and Hwa Chong Junior College, and is a 300m walk from King Albert Park MRT station.

The sale price, with an additional lease top-up premium estimated at $52 million to top up the lease to a fresh 99 years, translates to a land price of about $1,244 per square foot per plot ratio (psf ppr), said marketing agent Knight Frank in a statement on Sunday (Nov 19).

The public tender for Mayfair Gardens was launched on Oct 23 with a reserve price of $265 million and closed on Nov 16, with owners of 105 of the 124 units - which accounted for more than 84 per cent of the total strata area - agreeing to the collective sale.

Mr Ian Loh, executive director and head of investment and capital markets at Knight Frank, said the new development could potentially house 387 homes of an average 70 sq m in size.

"At the sale price of $311 million, the breakeven price for the new project is estimated at $1,780 psf," he said.

Under the 2014 Master Plan, the site is zoned "Residential" with a gross plot ratio of 1.4, which allows redevelopment potential to reach up to a maximum permissible gross floor area of 291,865 sq ft.

Oxley said in a statement to the Singapore Exchange that the purchase will be funded by internal resources and bank borrowings.

Source: Straits Times 19th November 2017

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