MAYFAIR GARDEN

Mayfair Garden is a new high-end private condominium launched in 2018 along Bukit Timah road. 
Do note that there isn't any new condominium launched for the past few years.
From the chart below, you can see that base on condominiums that are leasehold, all are TOP before 2010. And prices for these condominiums have all went up.
https://drive.google.com/open?id=17sVdmq8SAG-xNeK2A9GGgmlrYjj1jXlz

At S$1805 psf, it is a good buy for a new condominium that is located at D21.

 With 215 units the development takes its inspiration from the posh Mayfair district in the city of Westminster, London.
The site sits among low landed property, according unobstructed views of the nearby natural asset, Bukit Timah Reserve. It’s also next to the Rail Corridor, a unique green feature preserved for its extraordinary habitat, slated for more projects to bring heritage, culture and recreation into its stretch.
The land price was purchased at $1244 psf, with a breakeven estimate of $1762 psf, with the launched price of $1808 psf, it is a great deal for home buyers and investors. The risk of buying into this project is much lower.

To have a better picture, take the  99-year leasehold site in Fourth Avenue as an example. It was purchased for $1,540 psf  in December 2017. Their estimate breakeven is likely to be above $2000psf.

Similarly, the freehold en bloc sites of Crystal Tower and City Tower were acquired for $1,840 psf ppr and $1,847 psf ppr respectively. The freehold Dunearn Garden and Royalville also changed hands for $1,914 psf ppr and $1,960 psf ppr respectively.

Location

Situated at a mere 5 minutes walk to King Albert Park Mrt station,  Mayfair Gardens is also next to some cosy surroundings, along with a number of  of grocery and shopping centers nearby. The prestigious Bukit Timah precinct draws artisanal eateries along its many smaller roads, but also includes delicious local eats opposite Beauty World Centre.

Notable education institutions in the vicinity include Hwa Chong Institution, Nanyang Girls’ High School and Ngee Ann Polytechnic. What’s more, Pei Hwa Presbyterian Primary School and Methodist Girls’ School are within 1km to Mayfair Gardens.

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.

Dont miss this opportunity to buy a property with potential upside. 

Caleb Seeto

email: sanpptyhunter@gmail.com

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