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DEVELOPER
Citrine Property Pte Ltd (Oxley Holdings Limited)
STATUS
Condominium
ADDRESS
8,10,12,14 Rifle Range Road, District 21, Singapore
SITE AREA
10788.8sqm (116,122 sqft)
TOP
Est Dec 2024
Maintenance Fee
1bed 5 share value, 2bed 6 share value, 3bed/4bed 7 share value
TENURE
99 years w.e.f 26/09/2018
NO. OF STOREY
4 Blocks of 5 Storey
NO. OF UNITS
215 Residential Units, 174 carpark lots, 3 handicap lots
Updated Prices for Mayfair Gardens
1 Bedroom 506sqft from $965,000 
2 Bedroom 753sqft from $1,452,000
2 Bedroom + study 829sqft from $1,641,000
Duplex Penthouse 3Bedroom 1647sqft  $3,009,000
Mayfair Gardens 41% Sold In Weekend Launch 2018
As of date, 53%sold in Jan 2019
On the weekend of Sept 29 and 30, Oxley Holdings launched the 215-unit Mayfair Gardens. At least 88 units had been sold as at Oct 2, which means the project is 41% sold. The average price of units sold was $1,900 psf

PRICING START FROM $965,000 | STARTING PSF FROM $1647

5% + 1% Additional Discount


Cinque Terre

MAYFAIR GARDENS NEW LAUNCH 

Starting From $18xx Psf

Only 215 Exclusive Units

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EXPECTED LAUNCH PRICE IN BUKIT TIMAH

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EXPECTED LAND PRICE IN BUKIT TIMAH

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BY

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Adapted from Straits Times November 19 2017

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.

About Developer


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SITE PLAN

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Why MayFair?
  • Bidded at $1244psf ppr, break even at $1762psf ppr
  • 215 units of UK Inspired luxury condominium 
  • A good mix of one- to four-bedroom apartments, and six penthouses ranging from 1,539 to 1,733 sq ft
  • Units on the ground level have a ceiling height of 4.6m, while penthouses have a ceiling height of 4.4m.
  •    Oxley purchased the original 124-unit condo development in an en bloc deal for $311 million ($1,244 psf per plot ratio),
  • Prices range from $938,000 ($1,853 psf) for a 506 sq ft, one-bedroom unit to $2.308 million ($1,898 psf) for a 1,216 sq ft, four-bedroom unit. The average price is said to be $1,900 psf
  • The former Mayfair Gardens, occupying a 208,480 sq ft site, will be developed into two new projects , Mayfair Gardens and Mayfair Modern. The redeveloped Mayfair Gardens will sit on a 116,130 sq ft site, while Mayfair Modern will be a smaller development with about 171 units.
  • Designed by DP Architects, with inspiration from Georgian architecture
  • Most upscale development in Oxley’s portfolio to date
  • Project has 55 facilities, including a 75m swimming pool and three sky terraces
  • Units will be fitted out with smarthome features — such as Smarthome Gateway, which works with other smart-home devices — and a doorbell that sends an alert to the homeowner’s smart device. Four-bedroom units and penthouses will also come with an Amazon Echo Spot voice-controlled device
  • A short walk from King Albert Park MRT station on the Downtown Line.
  • Near reputable schools such as Methodist Girls’ School, National Junior College, Hwa Chong Institution and Singapore Chinese Girls’ School
  • In May 2018, a Far East Organization-led consortium won the bid for a mixed commercial and residential site of 247,214 sq ft on Holland Road. It paid $1.213 billion, or $1,888 psf per plot ratio (ppr), for the site in a hotly contested tender awarded on a two-envelope scheme based on design and price.
Cinque Terre

Excellent Location and Accessibility

Mayfair Collection, (Formerly Mayfair Gardens) is located within walking distance of King Albert Park MRT station. It is located in District 21 where a couple of major expressways such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE) and arterial roads surrounding the development.

With a number of MRT stations (King Albert Park, Beauty World, Tan Kah Kee) within reach, residents can travel and arrive at the Central Business District or the Orchard Road shopping belt just within 15 mins of travelling time on public and private transport options.

Cinque Terre

Bukit Timah Nature Reserve

Residents will be able to experience nature in its pristine form at Bukit Timah Nature Reserve, which is a 5 mins drive away. Residents will be able to access one of the richest and most diverse ecological systems in the world, consisting an astonishing wide variety of plant, animal and insect life just within their doorstep

Cinque Terre

Wide host of shopping and retail options

Mayfair Collection is surrounded by a good list of amenities that is adjacent to shopping establishments as well as supermarkets that provide residents with the convenience of access to the items they need. Some of these amenities include The Grandstand, The Star Vista, Bukit Timah Plaza, Rail Mall and Beauty World Centre.

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