Knight Frank Singapore, the distinct marketing representative standing for the rate of interests of the owners of Mayfair Gardens by means of their cumulative sale board, indulges in to present the launch of the sale of Mayfair Gardens, an one-of-a-kind domestic redevelopment site off Dunearn Roadway, by tender. Mayfair Gardens is a personal home estate composing six household walk-up blocks of 124 residence units ranging from 100 sq m to 200 sq m, as well as has a site area of 19,368 sq m (approx. 208,475 sq feet). Under the 2014 Master Plan, the site is zoned "Residential" with a Gross Story Proportion (GPR) of 1.4, which permits redevelopment capacity to rise to a maximum permitted Gross Flooring Location (GFA) of around 291,865 sq ft.
The immediate location is primarily surrounded by Good Course Bungalows, landed houses and also condominiums. Created institutions, especially Methodist Girls' Main & Secondary Schools, Pei Hwa Presbyterian Primary School, Hwa Chong Organization, Hwa Chong Junior University, National Junior University, Nanyang Primary School, as well as Nanyang Girls' High School, are located near the development. Relied on tertiary organizations such as Ngee Ann Polytechnic. Considerable arterial roadways, along with expressways such as the Pan-Island Expressway (PIE), Bukit Timah Roadway, Dunearn Road, Clementi Road and also Ayer-Rajah Expressway (AYE), provide smooth connection to numerous other parts of Singapore. The site is a 20 minute drive to the Central Enterprise zone along with the Treasure At Tampines Located close by, with a big series of functions placed along Bukit Timah Roadway, Dunearn Road, Upper Bukit Timah Roadway as well as additionally Clementi Road. In addition, the advancement is less than half an hour' drive to Changi International Airport Terminal. The Owners are preparing for offers over their publication price of S$ 265 million. Including an extra lease top up costs of around S$ 43.7 million payable to the State for a fresh 99 year lease, this suggests a land rate of around $1,058 psf ppr. With the inclusion of a 10% motivation porch GFA and likewise a suggested story proportion of 1.54 (1.4 + 10% porch), the land price exercises to roughly S$ 961 psf ppr, based on the authorities' consent.