Knight Frank Singapore, the distinct marketing rep standing for the interest rate of the proprietors of Mayfair Gardens using their cumulative sale committee, enjoys to present the launch of the sale of Mayfair Gardens, a distinct residential redevelopment site off Dunearn Road, by tender. Mayfair Gardens is a personal home estate comprising 6 family walk-up blocks of 124 residence systems 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 Plan of attack, the site is zoned "Residential" with a Gross Plot Proportion (GPR) of 1.4, which permits redevelopment potential to rise to a maximum permitted Gross Flooring Area (GFA) of roughly 291,865 sq ft.
The immediate area is primarily bordered by Great Course Bungalows, landed residences and apartments. Created organizations, specifically Methodist Girls' Main & Senior High Schools, Pei Hwa Presbyterian Primary School, Hwa Chong Institution, Hwa Chong Junior College, National Junior College, Nanyang Primary School, along with Nanyang Girls' Senior High School, are located near the development. Trusted tertiary companies such as Ngee Ann Polytechnic. Considerable arterial highways, in addition to expressways such as the Pan-Island Expressway (PIE), Bukit Timah Road, Dunearn Roadway, Clementi Roadway as well as also Ayer-Rajah Expressway (AYE), provide smooth connectivity to different other parts of Singapore. The site is a 20 min drive to the Central Enterprise zone along with the KI Residences Located close by, with a big variety of attributes placed along Bukit Timah Roadway, Dunearn Road, Upper Bukit Timah Road and also Clementi Roadway. Additionally, the advancement is less than half an hour' drive to Changi International Airport. The Proprietors are anticipating offers over their book cost of S$ 265 million. Consisting of an added lease top up costs of around S$ 43.7 million payable to the State for a fresh 99 year lease, this means a land cost of around $1,058 psf ppr. With the addition of a 10% motivation porch GFA as well as likewise a suggested tale proportion of 1.54 (1.4 + 10% veranda), the land rate exercises to approximately S$ 961 psf ppr, subject to the authorities' authorization.