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Posted by: | Posted on: February 11, 2020

Introduce Brand New Project In Bukit Timah

Knight Frank Singapore, the special marketing representative standing for the interest rate of the owners of Mayfair Gardens by means of their cumulative sale board, indulges in to present the launch of the sale of Mayfair Gardens, a special domestic redevelopment site off Dunearn Roadway, by tender. Mayfair Gardens is an individual household estate composing six house walk-up blocks of 124 residence devices ranging from 100 sq m to 200 sq m, as well as has a site location 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 reach up to a maximum permitted Gross Floor Location (GFA) of about 291,865 sq ft.

The immediate area is mainly bordered by Good Course Bungalows, landed residences and also condominiums. Developed organizations, particularly Methodist Girls' Key & High Schools, Pei Hwa Presbyterian Primary School, Hwa Chong Organization, Hwa Chong Junior College, National Junior University, Nanyang Primary School, as well as Nanyang Girls' Secondary School, lie near the development. Trusted tertiary companies such as Ngee Ann Polytechnic. Substantial arterial highways, in addition to expressways such as the Pan-Island Expressway (PIE), Bukit Timah Roadway, Dunearn Roadway, Clementi Roadway and also Ayer-Rajah Expressway (AYE), provide smooth connectivity to different other parts of Singapore. The site is a 20 min drive to the Central Business District in addition to the Midwood Located nearby, with a large variety of attributes placed along Bukit Timah Road, Dunearn Roadway, Upper Bukit Timah Roadway as well as additionally Clementi Road. In addition, the advancement is less than thirty minutes' drive to Changi International Airport Terminal. The Owners are anticipating bargains over their publication price of S$ 265 million. Consisting of an additional 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 $1,058 psf ppr. With the inclusion of a 10% reward porch GFA and also a suggested tale percentage of 1.54 (1.4 + 10% veranda), the land rate exercises to about S$ 961 psf ppr, based on the authorities' permission.