Knight Frank Singapore, the distinct advertising and marketing rep standing for the rate of interests of the owners of Mayfair Gardens through their cumulative sale committee, enjoys to introduce 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 residence systems varying from 100 sq m to 200 sq m, and has a site location of 19,368 sq m (approx. 208,475 sq feet). Under the 2014 Plan of attack, the site is zoned "Residential" with a Gross Story Proportion (GPR) of 1.4, which permits redevelopment possibility to rise to a maximum allowed Gross Flooring Area (GFA) of approximately 291,865 sq ft.
The instant location is mainly surrounded by Good Class Bungalows, landed houses and also condominiums. Developed institutions, specifically Methodist Ladies' Main & High Schools, Pei Hwa Presbyterian Primary School, Hwa Chong Organization, Hwa Chong Junior College, National Junior College, Nanyang Primary School, in addition to Nanyang Girls' Secondary School, lie near the growth. Trusted tertiary companies such as Ngee Ann Polytechnic. Considerable arterial roads, in addition to expressways such as the Pan-Island Expressway (PIE), Bukit Timah Road, Dunearn Roadway, Clementi Road and additionally Ayer-Rajah Expressway (AYE), provide smooth connection to various other parts of Singapore. The site is a 20 min drive to the Central Enterprise zone along with the Parc Canberra EC Located close by, with a huge range of attributes placed along Bukit Timah Road, Dunearn Road, Upper Bukit Timah Road as well as also Clementi Roadway. Furthermore, the advancement is less than thirty minutes' drive to Changi International Airport. The Proprietors are anticipating bargains over their book cost of S$ 265 million. Consisting of an extra lease top up costs of around S$ 43.7 million payable to the State for a fresh 99 year lease, this indicates a land price of around $1,058 psf ppr. With the inclusion of a 10% reward porch GFA as well as also a recommended tale proportion of 1.54 (1.4 + 10% veranda), the land rate exercises to roughly S$ 961 psf ppr, based on the authorities' permission.