Mayfair Gardens, an exciting new property launch by the award-winning developer Oxley Holdings, is set to open for preview this weekend (15-16 Sep). Located in 2 Riffle Range Road, District 21, the site (formerly known as Mayfair Gardens) was acquired at a whopping $311 million plus an additional $52 million as lease top-up premium for a fresh 99 years. The fact that the condo development is located in close proximity to schools and transport as well as shopping amenities makes it highly attractive to tenants and investors alike.
The developer of Mayfair Gardens, Oxley Holdings, said the project consists of four five-storey residential blocks of one- to four-bedroom units sized from 506 sq ft to 1,216 sq ft. Indicative prices range from about $938,000 for a one-bedder to $2.3 million for a four-bedder. The development will be inspired by the buildings in London’s posh Mayfair district. Buyers of Mayfair Gardens will have first mover advantage as the land price is significantly lower than other recent residential land sales in the area.
Major Condo Facilities
Apart from being located in a serene environment, Mayfair Gardens boasts of a range of condo amenities that will make life for the residents comfortable, fun and easy-going. Some of the main facilities found within the condo include a swimming pool, lap pool, BBQ pits, clubhouse, Jacuzzi, gym & spa, dining pavilion and functional room. There are also other facilities like covered car park, squash courts, 24-hour security and more.
About Condo Units
The Mayfair Gardens condo property sits on a massive 208, 475 sq ft site area and boasts of a total of 387 luxurious units. The residential development has a perfect mix of units with configuration ranging from 1 to 5 bedrooms. This makes it ideal for singles, young families and multi-generational families as well.
Mayfair Gardens sits just a stone’s throw away from the King Albert Park MRT and the Beauty MRT stations. The Tan Kah Kee MRT Station and the Sixth Avenue MRT station are also located within a walking distance. That means residents can travel to and from the Central Business District (CBD) and/or the Orchard Road shopping belt in a mere 15 minutes or so.
The condo’s strategic location in District 21 also allows residents easy access to a number of major expressways like Ayer Rajah Expressway (AYE) and the Pan-Island Expressway (PIE). The multiple arterial roads surrounding the development also make access to town and other parts of Singapore both quick and seamless.
Shopping will be a hassle-free thing for the residents of Mayfair Gardens, thanks to the numerous upscale shopping centers and complexes around. Some of the shopping establishments located in close proximity to the development include:
-Bukit Timah Plaza
-The Grand Stand
-Beauty World Centre
-The Star Vista
-Bukit Timah Shopping Center
There are a number of prestigious local and international schools in the immediate Mafair Gardens neighborhood that residents can gladly take
their children to. Methodist Girls’ School and the Pei Hwa Presbyterian primary
are located within a distance of 1 km from the development.
There are other well-known schools located a few bus stops
-Nanyang Girls’ High School
-St. Margaret’s Secondary
-Hwa Chong Junior College
-Ngee Ann Polytechnic
-Swiss School in Singapore and more
The Bukit Timah Nature Reserve, which is located just 5 minutes drive away from the development, boasts of one of one of the most pristine and diverse ecological systems the world has ever seen. A tour on the reserve offers visitors a chance to witness first-hand the astonishing variety of plants, animals and insects that are available therein.
The Green Fairways Golf Course and Driving Range is also located nearby and offers amazing opportunities for golfers to enjoy some sporting action. Aside from that, the arterial roads leading to the residential are clean, quieter and well tarmacked , which means residents can enjoy strolling during weekends or at their own free time.
Condo Selling Price
Mayfair Gardens was sold en bloc at a cost of $311 million plus a $52 million top up price for a fresh 99-year leasehold. That translates to a price of about $1,244 per square foot (psf).The average transacted price recorded for the last 1 year was at $1,440 psf.
Market analysts expect the price to hit $1,800 and above even as the launch draws close. Investors who are eager to invest in the condo can check the current and actual prices (psf) from the developer in the run-up to its launch.
Mayfair Gardens is expected to be completed by end-2024. It is one of two projects to be built on the former Mayfair Gardens en bloc site. The other is the 171-unit Mayfair Modern.
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