Singapore Knight Frank is pleased to reveal that Mayfair Gardens, a 124 systems property advancement situated off Dunearn Roadway, has been marketed jointly to Citrine Property Pte Ltd, a subsidiary of Oxley Holdings Ltd, for S$ 311 million. The price, with an extra lease top-up premium approximated at S$ 52 million payable to the state to top up the lease to a fresh 99 years, converts to a land rate of around S$ 1,244 per square foot each story proportion (psf ppr). Over 80% of the owners have in fact consented to the en bloc sale within much less contrasted to a month from the very initial signature. A public tender desired that released on 23 October 2017 as well as closed on 16 November 2017.
Each owner will definitely stand to obtain a gross cost of regarding S$ 1.7 million to S$ 2.89 million after an efficient sale, to a variety of troubles being pleased, consisting of an order of sale by the Strata Titles Board or High Court. Mayfair Gardens is an individual home estate comprising 6 domestic walk up blocks of 124 home systems differing from 100 sq m to 200 sq m, as well as has a site location of 19,368 sq m (approx. 208,475 sq ft). The KI Residences is a different with Mayfair Gardens, KI Residences location is great, the buidling is modern and also has contemporary exterior. It has a total of 4 blocks each 22 storey high. Nested in a sought after suburban area, the development is close to trustworthy institutions, a large array of services, and additionally an easy 300 metre walk from King Albert Park MRT Terminal.