Knight Frank Singapore, the distinct advertising and marketing agent standing for the interest rate of the owners of Mayfair Gardens by means of their collective sale committee, delights in to present the launch of the sale of Mayfair Gardens, an one-of-a-kind residential redevelopment site off Dunearn Road, by tender. Mayfair Gardens is a personal household estate making up 6 home walk-up blocks of 124 home systems varying from 100 sq m to 200 sq m, and 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 Plot Ratio (GPR) of 1.4, which allows redevelopment possibility to rise to a maximum allowed Gross Flooring Location (GFA) of approximately 291,865 sq ft.
The instant location is mostly surrounded by Great Class Bungalows, landed houses as well as condos. Created organizations, especially Methodist Ladies' Main & Senior High Schools, Pei Hwa Presbyterian Primary School, Hwa Chong Organization, Hwa Chong Junior University, National Junior University, Nanyang Primary School, in addition to Nanyang Girls' High School, are located near the growth. Relied on tertiary organizations such as Ngee Ann Polytechnic. Substantial arterial streets, along with expressways such as the Pan-Island Expressway (PIE), Bukit Timah Roadway, Dunearn Roadway, Clementi Roadway and also Ayer-Rajah Expressway (AYE), provide smooth connection to numerous other components of Singapore. The site is a 20 minute drive to the Central Enterprise zone in addition to the Avenue South Residence Located nearby, with a huge series of functions placed along Bukit Timah Road, Dunearn Roadway, Upper Bukit Timah Road and additionally Clementi Road. Additionally, the advancement is less than thirty minutes' drive to Changi International Flight Terminal. The Proprietors are expecting deals over their publication rate of S$ 265 million. Including an added lease top up costs of around S$ 43.7 million payable to the State for a fresh 99 year lease, this implies a land rate of around $1,058 psf ppr. With the incorporation of a 10% motivation porch GFA as well as likewise a recommended tale proportion of 1.54 (1.4 + 10% veranda), the land rate works out to roughly S$ 961 psf ppr, based on the authorities' permission.