Mayfair Modern New Condo by Oxley Location at Bukit Timah
Mayfair Modern is a new leasehold development located right in the heart of Bukit Timah by Oxley Holdings. The development is the former Mayfair Gardens that was collectively sold to the developer around November last year. The prime piece of land represents an ideal location that is at Bukit Timah close to Beauty World as well as King Albert Park. The enbloc price for Mayfair Gardens was sold at $311 million and Mayfair Gardens consist of six residential walk up blocks that have a large square feet of around 1,076 sqft to 2,1,52 sqft. Mayfair Modern is located just minutes walk away from King Albert Park MRT Station on the Downtown Line. A unique and serene living environment awaits you at Mayfair Modern by Bukit Timah.
Mayfair Modern Oxley Holdings
Mayfair Modern has full and unique facilities, which includes a guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, sun deck, BBQ pits & children’s playground. The condo’s facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Bukit Timah.
Mayfair Modern Former Mayfair Gardens Enbloc
Mayfair Modern Condo is also strategically located with many shopping centres located around in the vicinity. For example, the popular Bukit Timah Shopping Centre, Beauty World Plaza as well as Beauty World Centre are located near to Mayfair Modern. Mayfair Modern Leasehold Condo is also located near to Bukit Timah Nature Reserve where plenty of outdoor families are available for residents to spend some quality time with their family.
Mayfair Modern will be accessible with King Albert Park MRT Station on the Downtown Line. Also, for owners who are taking buses, there are several buses available along Dunearn Road and Bukit Timah Road. For owners who are traveling to the city, Mayfair Modern is located right next to Bukit Timah Expressway (BKE) and Pan Island Expressway (PIE).
Staying near to International Schools and Prestigious Academic Institutions
Staying near to international schools will mean less time is needed to send the kids to school and the kids will have more time at home to rest or more time for tuition. Mayfair Modern is near to a number of prestigious schools and therefore this would mean that they have more time to rest at home. Parents who send their kids to school will also take note that less travel time is necessary when sending their kids to school and getting home.
MRT Lines that Pass Through Bukit Timah
The mass rapid transit connects the Bukit Panjang in North West part of Bukit Timah. These lines both have a central interchange point located at Botanic Garden MRT Station. These Six stations include Beauty World, Sixth Avenue, Holland Village, Tan Kah Kee and King Albert Park. Bukit Timah hosts numerous prestigious schools in the area. The residential area is famously known to host many international schools due to the high number of expatriates who live within the region. Bukit Timah hosts numerous prestigious schools in the area. The residential area is famously known to host many international schools due to the high number of ecxpatriates who live within the region.
Mayfair Modern Close to Rifle Range Road
Mayfair Modern is located at Rifle Range Road which is a long stretch of Road that stretches from Hillview Road to Bukit Timah Road. The stretch of road which stretches from the private residential estate of Bukit Timah all the way from Beauty World to Bukit Timah Nature Reserve. The road is the main entrance of Mayfair Modern Enbloc which is collectively sold to Oxley Holdings.
Mayfair Modern Close to King Albert Park Eateries
King Albert Park is a private housing estate that is located close to Bukit Timah and maybe the MRT Station with the upcoming Cross Island Line. The area is a highly sought after residential area due to its proximity to Bukit Timah as well as many of the shopping centres nearby. There are many food options available at King Albert Park.
Schools Around Bukit Timah
This planning area has top primary schools recognized nationally due to their good performances. These schools include Bukit Timah, Henry Park, Nanyang Methodist Girls, Pei Hwa as well as Raffles Girls primary schools. They have a good reputation due to their Excellency in academics and extracurricular activities. Bukit Timah has the best secondary schools within Singapore. These schools have been ranked top in both academics and extracurricular activities. They have produced high profile peoples in Singapore. These schools include; Hwa Chong, Methodist girls, National Junior College, as well as Saint Margaret secondary schools. There are also international schools such as Swiss, German, European and Korean Schools located near to Bukit Timah.
By Reputable Developer Oxley Holdings
The real estate industry is experiencing a high demand for quality development providers that can automate similar tasks to improve the quality of customer service and to open new sources of revenue and stimulate business growth. The key here is finding a reliable and professional developer who has considerable expertise in this real estate condo development and is ready to implement best practices for the company. One of such companies is Oxley Holdings. They offer their skills and make every effort to take the business to the top position of the market right now. Even today there are still many niches for innovation in this field. They have a strong competence in the development of real estate properties properties and have created a number of outstanding properties for sale and rent, rendering of individual tenants and of entire residential areas and industrial design.
Mayfair Modern Leasehold Condo a Better Investment Option
It is noted that well located leasehold developments might be better than freehold developments as they have a better yield. This is because the capital outlay and downpayment for leasehold condos are lower where else your rent remains the same. This would mean that there you will have a higher yield and hence might be a better investment option. A note that there not all leasehold developments can fit into the criteria of a good development and only well located developments like Mayfair Modern which is located near to many shopping centres and amenities can fit into the criteria. Freehold developments located around the Bukit Timah area are higher in price compared to Mayfair Modern making the enbloc development by Oxley a good investment choice for the affluent who is looking to buy an investment property.
Additional Buyer Stamp Duty For Mayfair Modern 2nd Property Owners
Also, there is a note that for existing property owners who are looking for a 2nd property to invest, there is a Additional Buyer Stamp Duty (ABSD) component that needs to be considered. The ABSD consideration will be 12% of the property price and that would mean an additional $240K for a $2.0 million property. Therefore, a client looking to invest a 2nd property will be looking for a lower price and quantum property purchase and Mayfair Gardens will seem to be ideal given that it is selling lower than the freehold condos located around the immediate area of King Albert Park as well as Bukit Timah. The price will be also comparable to properties around the Beauty World area.
Mayfair Modern Bukit Timah Near to Country Clubs
Mayfair Modern is also located in the upscale area of Bukit Timah where the affluent individuals gather together for their social networking events. The area of Bukit Timah consist of many private developments where there are many high net worth socialites. Mayfair Modern is located in the area of Bukit Timah where there are many country clubs available just nearby and therefore the facilities offered at these country clubs offer a place for these individuals to gather together. Some of these country clubs include The Singapore Island Country Club, Temasek Club, Raffles Town Club, Singapore Island Country Club, The British Club and Swiss Club Singapore. Some of the facilities include golf courses, tennis courts and function rooms available.
Mayfair Modern Close to Jurong Central Business District
Mayfair Modern is also located near to the Jurong Central Business District. There are government plans to decentralize the Central Business District and Mayfair Modern is located just a few minutes drive away from Jurong East and Jurong Central Business District. Mayfair Modern is perfectly located at Bukit Timah near to Jurong Central Business District as well as the upscale Bukit Timah residential area as well as the Jurong Central Business District area.
Condo Developments with Gross Floor Area not Optimized
Recently, there has been alot or enblocs recently due to the recent uptick in real estate property prices. Specifically, developments that are near to MRT Station is highly sought after in the Bukit Timah area. With the Singapore economy in the upswing and many buyers are looking around for well priced properties. In particular, there are developments which the gross floor area are not fully maximized. These developments were actually built last time where the land prices are cheap and construction cost were high and architects did not fully maximize the gross floor area of the plot of land. For example, Mayfair Gardens was constructed earlier and the gross floor area was not fully used.
Mayfair Gardens have Higher Potential Gross Floor Area
This was what happened for Mayfair Gardens where it was constructed earlier where the developer did not maximize the GFA and hence Oxley Holdings are looking to buy over. Oxley Holdings will be looking to deconstruct the development and rebuild into a prime piece of land and maximize the number of units. Therefore, Mayfair Gardens which is undervalued is now collectively sold to Oxley Holdings.
Register Interest for Mayfair Modern VVIP Showflat Viewing
Please kindly register your interest for Mayfair Modern. The showflat will be available for viewing soon and we will be in contact with you soon. The showflat will be available for viewing for registered VVIPs and registered VVIPs will get the best pricing. The showflat will have many different layouts for your consideration. The layouts will have Interior Designs for your consideration so that buyers can have an idea where to put their furniture as well as their sofas to have an idea of the space available. Mayfair Modern will have different layouts at the showflat. There is a 1 Bedroom showflat layout for buyers looking for investment. Some of the furnishings including the flooring, aircon and wardrobe have already been prefixed and available. There are also white goods provided such as fridge and washer. It is basically in move in condition with the exception of furniture and electronics.
Mayfair Modern Bukit Timah Condo at King Albert Park MRT Station
A wonderful and unique lifestyle awaits you at Mayfair Modern right in the heart of Bukit Timah by Oxley Holdings. Please see Mayfair Modern site plan and floor plans for more information.