Mayfair Gardens is the lowest entry priced and lowest PSF new launch condo among the prestigious Bukit Timah stretch of private residential estate.
With 3% discounts still being offered by the developer, is there still a good price advantage over it’s surrounding new launch condominiums that are selling at much higher prices?
What is Mayfair Gardens price at the moment?
Mayfair Gardens price starts from $999k for a 1 bedroom unit at 506sqft and it’s 2 bedroom units are priced from $1.499m onwards. The average PSF ranges around $1900psf to about $2000psf for most of it’s remaining available units.
1 Bedroom – $999k
1 + Study – $1.107m
2 Bedroom – $1.499m
2 + Study – $1.687m
3 Bedroom – $2.149m
4 Bed Penthouse – $3.387m
Prices here will be updated regularly, and here’s where you can see live updates on Mayfair Gardens Price. Full development details such as Price Promotions, Fact Sheet, Condo Location, Showflat Location and Developer Info can also be found in Condodeals.sg.
Mayfair is an upscale district of Georgian townhouses in the west of London.
Now in Singapore, Mayfair Gardens draws inspiration from the fenestration and proportion of a Georgian facade but dresses it up with clean lines and simple forms to bring about a Mayfair air with a modern touch.
Carefully planned to bring out another vintage luxury development to the prime Bukit Timah precinct, the developer named this development Mayfair Collection ~ with Mayfair Gardens and Mayfair Modern within.
Project Name: Mayfair Gardens
Address: 8 – 14 Rifle Range Road
Developer: Oxley Holdings
Tenure: 99 Years Leasehold
Est. TOP: 2024 Q4
No. of Units: 215 Residential Units
Unit Types: 1 to 4 Bedroom Apartments
Building Type: 4 Blocks of 5 Storey Apartments
No. of Carpark Lots: 177 Lots
Site Area: 116,078sqft
Plot Ratio: 1.4
District No.: 21
An estimated of $70 per Share Value per month has been allocated for units here at Mayfair Gardens.
Here are the respective share value and the estimated monthly maintenance fees for each unit type:
1 Bedroom – $350
1 + Study – $420
2 Bedroom – $420
3 Bedroom – $420 / $490
4 Bedroom – $490
Penthouse – $490
Oxley Holdings snapped up Mayfair Gardens for $311million in November 2017.
This was a very positive price to the owners, given that the reserve price for the collective sale was set at $265million.
Consisting 6 blocks of 124 walk up apartment units, owners of the former Mayfair Gardens each pocketed around $1.7m to $2.89m in the process.
Adding to the land cost, the developer also paid an estimated $52million to topup the site’s lease back to 99 years.
This means the land rate paid by the developer will work out to be around $1244psf per plot ratio (ppr).
With estimated break even price being about $1780psf, check out the entry prices and psf here, if you like to snag a great value unit in this beautiful Mayfair Collection!
Sitting in the heart of Bukit Timah, where affluent residential surrounds everywhere.
From Good Class Bungalows to landed and luxury condominiums, this is a location that everyone loves.
There’s also the privilege of being so close to nature, with Bukit Timah Nature Reserve and Bukit Timah Hill at the backyard, creating so much open air and lavish space, to breathe, think and live freely.
Merely a 5 minutes stroll to King Albert Park MRT Station (300m away), residents get the best connectivity.
It’s only 6 MRT stops to Orchard Road and 12 stops to Shenton Way!
At this highly desirable neighbourhood, you’ll will be spoilt by a wide choice of F&B outlets and other recreational lifestyle.
Enjoy the convenience from the various nearby chic eateries and shopping malls to fulfill your retail needs.
This is one of the top reasons people are looking to live in Bukit Timah.
Find out which are the top leading schools and institutions which are the magnets that makes this location the best it has to offer:
Live the London lifestyle and entertain within your home premise at the elegant Clubhouse and exciting facilities, all set to maximize your indulgence.
A full suite of spa streams await to rejuvenate your total wellness, along with a broadwalk of English Tea Pavillion for you to refresh while catching up with friends.
These are how your lifestyle would be in Mayfair Gardens.
Designed to bring a little of modern London style to your own home, the interior of Mayfair Gardens is filled with an abundance of tradition prestige and heritage.
All apartments evokes timeless, liveable, grand and comfortable senses.
And while your revel in the marvels of absolute luxuriance, the ceiling is also ostentatious enough to bring you more space endowed comfort and exclusivity.
This is the perfect home you can truly look up to.
And if you like to explore the virtual tour of Mayfair Gardens, you can find it on condodeals.sg
Mayfair Collection (Mayfair Gardens and Modern) showflat is located along Blackmore Drive.
It is just a 1 minute walk from King Albert Park MRT.
Drivers can access the showflat carpark via Blackmore Drive, which can be entered from Bukit Timah Road (towards Beauty World direction).
Oxley Holdings is a veteran in the property developing market, both locally and internationally.
Their international market consists of countries namely: United Kingdom, China, Australia, Malaysia, Indonesia and Vietnam, just to name a few.
In 2018, they held the largest land bank in Singapore. Based on the number of dwelling units, they had 4000 units! A result of their very successful en-bloc acquisition streak:
Being one of the largest homegrown developer, Oxley Holdings is listed on the SGX Mainboard and with a track record of more than 8000 completed residential units under their belt, there’s plenty of assurance that buyers will be getting quality homes.