Brought to You by Oxley Holdings
A Brand New Development,
Coming your way, with
an exclusive of 386 apartments,
300m to King Albert Park MRT Station
Please Register HERE with
Developer's Sales Team to
View MAYFAIR MODERN Showflat!
Mayfair Modern and Mayfair Gardens are 2 new condo sites located along Dunearn Road, bounded by Rifle Road. Both developmetns are divided by a small road and was formely known as Mayfair Gardens, which was successfully en-bloc by Oxley Holdings. Located walking distance to King Albert MRT Station, it has a site area of square feet and will house residential apartments. Being located short distance to a MRT Station is a big plus point for residents at Mayfair Modern as getting to the city and other locations will be a simple breeze. Mayfair Modern, a London inspired modern living, will be constructed into a mid-rise structure, consisting of blocks of storeys and blocks of storyes. with full facilities, distinctively comtemporary in details and carefull curated with finest materials and testures. Unit distribution ranges from 1 bedroom to 5 bedrooms with elegant, lavish interiors. According to the floor plan layout, each apartment will have comfortable spaces allocated to family rooms and dining area. The living room shall receive strong walls and high ceilings. As for the bedrooms, extra attention shall become placed on natural illumination, bathrooms, closets, drawers, and their entire ambiance. At the kitchen, developers plan on equipping and mounting beautiful, durable cabinets on the wall as well as spice shelves. Attractive countertops will be fitted along and around the sink while the developers provide more segments below the surface. On top of that, you will have an island to make and share meals with family. You will be delighted to know that the team responsible use customer-oriented mechanisms as well as standardly issued appliances to install the electric and plumbing systems. Similar attention will be given to the air conditioning and ventilation frameworks. Enough resources will also be dispensed into flooring, such that families worry less about slipping, cracks or fading.
Mayfair Modern is the plot of land fronting Upper Bukit Timah Road and New Condo Mayfair Gardens is the L-shape plot of land which is closer to the landed houses vicinity. The highest floor for Mayfair Gardens is up to 5th floor with a total of 215 units spread across 4 low-rise towers. For Mayfair Modern, the height restriction allows the development to build up to 8th storeys and with a exclusive of 171 residential apartments. Total apartments is 386 units.
Contact Us Now to View Mayfair Modern showflat!
Mayfair Modern New Condo- Layouts
Mayfair Modern floor plans and unit mixes is wide ranging from the more compact and popular 1 Bedroom and 2 Bedrooms for single professionals and young families start-ups and investors. There are also larger units for the home stayers from 3 Bedrooms, 4 bedrooms and 5 Bedrooms and Penthouses. Judging from Oxley Holdings previous projects, their spaces are planned functionally where balconies are rightly sized, wardrobes and kitchen cabinets are nicely built onto the wall, to maximise usable area and lessen wastage on space.
** 20thst August 2018- Please Register HERE for information pertaining to Mayfair Modern
** 20th Nov 2017- Former site of Mayfair Gardens was sold to Oxley Holdings for S$311 million, and with addtional Government charges of S$52 million to top up 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.
An Overview on Why Buy Mayfair Modern New Condo 2018
- Short walking distance to King Albert MRT Station
- Located in the heart of Singapore
- High rental demand and good potential for capital appreciation
- Within 1km to Reputated Methodist Girls' School and Pei Hua Presbyterian Primary School
Attractive Prices at Mayfair Modern
Mayfair Modern New Condo- Connectivity
Mayfair Modern 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). Mayfair Modern is also easily acesible to the Pan Island Expressway (PIE) and Bukit Timah Expressway (BKE) which connects drivers to all parts of Singapore.
Mayfair Modern New Condo- Education
Mayfair Modern is close to local schools such as Pei Hwa Presbyterian, Methodist Girls’ School, Nanyang Primary School, Bukit Timah Primary School. Mayfair Modern is also 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.
Mayfair Modern New Condo- Amenities
Mayfair Modern 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, Mayfair Modern’ future 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 Mayfair Modern’ future residents can get their wet and dry market produce and also their basic necessities.
For golf lovers, Mayfair Modern is 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. Mayfair Modern' future residents can also take up gun shooting at the nearby Singapore Gun Club. Mayfair Modern’ future 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.
Mayfair Modern New Condo- Oxley Holdings
Oxley has a vast work profile, with property development and property investment as the main spearheads of the companies resources. However, the company is also noted for its project management and consultancy expertise in some other countries. Oxley has previously worked on several projects that include residential, commercial and industrial projects. All of the companies projects include property development that is located in prime and posh locations and includes luxurious elements and features.
The Oxley Group has successfully acquired development properties in the UK, Cambodia, Ireland, Indonesia, Myanmar, Malaysia and Singapore. In Singapore, they have been responsible for projects like the Oxley Tower, KAP Residences, The Flow, Floraville and The Rise.
Mayfair Modern New Condo- Lian Beng Group
Established in 1973, Lian Beng Group is one of Singapore’s major home-grown building construction groups with integrated civil engineering and construction support service capabilities. The Group is principally involved in the construction of residential, industrial and commercial projects, and civil engineering projects as a main contractor.
Lian Beng’s status with the Building and Construction Authority (BCA) as an A1 grade contractor in General Building enables it to tender for public sector building projects of unlimited contract value, while its A2 grade in Civil Engineering allows it to handle engineering projects of up to $85 million in contract value. Through its years of experience and solid track record, the Group has also established for itself a solid reputation for its ability to handle large-scale and complex projects.
Beyond construction, Lian Beng is also engaged in other construction related activities. These include the provision scaffolding and engineering services, supply of ready-mix concrete, leasing of equipment and machinery, reinforcement bar fabrication and training of foreign construction labour. The Group also engages in property development, albeit on opportunistic bases, and usually with joint-venture partners. The Group was listed on the Main Board of the Singapore Exchange in 1999.
Mayfair Modern 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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Project | Mayfair Modern |
Developer | Citrine Property Pte Ltd (A Subsidiary of Oxley Holdings Limited) |
Location | Rifle Range Road, Dunearn Road |
District | 21 |
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: | December 2014 |
Total Units | 386 residential apartments |
Total Carpark | |
Development | Condo comprising of communal facilities |
Unit Type: | |
Architect | |
Eligibility | SC/ SC, SC/SPR and Foreigner can buy |
Mayfair Modern New Condo Unit Mix Distribution | |||
---|---|---|---|
Unit Type | Type | Area (Square Feet) | Total No. of Units |
1 Bedroom | TBA | TBA | TBA |
2 Bedroom | TBA | TBA | TBA |
3 Bedroom | TBA | TBA | TBA |
4 Bedroom | TBA | TBA | TBA |
5 Bedroom | TBA | TBA | TBA |
Penthouse | TBA | TBA | TBA |
Mayfair Modern New Condo Facilities | |||
TBA
|
Mayfair Modern New Condo Price List | |||
---|---|---|---|
Unit Type | Area (Square Feet) | Pricing | PSF |
1 Bedroom | TBA | TBA | S$2000 |
2 Bedroom | TBA | TBA | S$2000 |
3 Bedroom | TBA | TBA | S$1900 |
4 Bedroom | TBA | TBA | S$1850 |
5 Bedroom | TBA | TBA | S$1800 |
Penthouse | TBA | TBA | TBA |
After enduring four years of decline, the property developers finally have some good news. The URA reported an increase of 5.4 percent in the private residential property. This is now attracting property dealers from all over the world. As you all may know, Singapore is an island and land will always remain a scarce commodity that’s why the prices of these properties are bound to increase in the long term.
In Singapore residential market, the price gap between HDB versus the private residential market is widening. Base on DBS, it states that Bull Case would see Annual Private Home demand of 17,250 units.
Base on our analysis, our projection for new home demand will come from
1) Household formation
2) Upgrader demand and
3) Foreigner purchases for investment.
The current en-bloc craze has seen developers investing close to S$34 Billion into Singapore property market (S$26 Billion in en-bloc transactions and S$8 Billion into Government Land Sales (GLS) programmes. With a total of 6,500 households displaced, the near term demand over the next two years could rise above the historical norm.
Projected base Population Growth of 6.5 million by 2030 is expected to have a positive impact on Private Home Property Market as demand is projected to remain above historical average of 12,000 units per year.
Register HERE for a presentation to understand why the property market is heading towards an unstoppable uptrend.
Since Mayfair Modern new launch condo is currently under construction, it offers a great option for buyers who are still saving the money for the initial down payment. By facilitating buyers with a progressive payment schedule, installments can be made every few months. These small installments represent a much more accommodating and manageable mortgage. If you buy an investment property, you can easily find a tenant that will help you pay down the loan and mortgage. You will be buying the property at the best price if you get it directly from the developer.
After the purchase, you can resell the property at a higher price. This is great for young people who are looking to settle down in a good place. The great thing about Mayfair Modern new launch condominium is that there is no asset depreciation. So, if you sell the condo just before its completion, you have a chance of acquiring a higher profit.
Buying a Mayfair Modern condo will prevent you from paying buyer’s commission because that will be paid by the developer. After each successful sale, the developer pays the agency which further pays the agents involved. The location of your condo will play a huge role in determining its value in the long run. You can also choose the unit you desire since Mayfair Modern is newly launch, but you will have to act fast because condominiums sell out pretty fast.
This is ideal for buyers who are very choosy and particular about what kind of home they want. You will have the opportunity of securing units with better views which will eventually become very valuable on the open market. All you have to do is sign up and pre-register for the preview by contacting the developer’s marketing team members. To attract a lot of customers, property developers often offers many discounts and stamp duty reimbursements during the VIP and VVIP preview. All you have to do is choose your desired units, submit them with your cheque and leave the rest to the developer’s agent.
The developer’s marketing team will enlighten you regarding the all the particular details of Mayfair Modern such as the pricing, floor plan, etc. during this preview. The value of these condominiums automatically increases the moment the developer removes the early bird discounts. These discounts will be saving you a lot of trouble of negotiating with the seller as well.
Anyone who has invested so much in property would want to be relieved from any further tensions and look forward to enjoying their latest purchase. You will receive Mayfair Modern in brand new condition and can renovate it according to your taste and needs. Not that you’ll need any renovation because everything will be brand new and you will not have to deal with additional maintenance work.
But in case you face any issues in the condo, you won’t have to spend extra money to get it fixed because the developer offers you a one-year warranty on fixtures and fittings. The plus point about Mayfair Modern is that you add your personal touch to it as everything will be according to your choice, and you will not have to deal with the previous owner’s choices. Mayfair Modern also offer much better facilities than any other resale property.
Investing in a Mayfair Modern newly launched condo does mean that you will have to wait to enjoy the luxury, but one thing that will help you get through it is that the wait and money are going to be worth every second and penny.
Category | Important Amenities New Condo Mayfair Modern | Approximate Distance |
Train Stations | King Albert Park MRT Downtown Line | 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 |
The Facilities and Site plan of new condo Mayfair Modern, are currently seeking approval from relevant authorities.
If you would like to be updated on first hand information for new condo Mayfair Modern, Please
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Like any other new launches, the prices of Mayfair Modern and Mayfair Gardens will only be announced on the sales day. Indicating pricing will be announced earlier.
Mayfair Collection is a new condo which was sold to Oxley Holdings, for $ million, as collective sale fever grows even hotter. The sale price of $ million works out to a land cost of about $xxx psf per plot ratio on the potential gross floor area, inclusive of an estimated differential premium payable to the state to top up the lease to a fresh 99 years, and for redevelopment of the site to a gross plot ratio of 2.8.
Developers are in the business of building houses for people, they want to make a good product that is of value to the consumers, and they need to generate healthy profits levels for their shareholders. If we look at a property parts the most expensive component will be the land, followed by the construction costs. This is similar to Cost of Goods Sold (COGS) in accounting terms. Add on the administrative, sales and marketing expense, finance cost, profit margin we will arrive at the selling price.
Marketing expense for the project is around $200 psf. Construction costs including architecture design, is about $350 psf for a condominum.
30% of the base cost that cover the construction and other expences will be the profits. Add them all up and you will get the estimate launch price.
Land Cost: $
Construction Cost:
Marketing expense:
Profit margin:
Estimated launch price:
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