Mayfair Modern Condo Price – Enbloc Price By Oxley Holdings
| Land Plot | Successful Acquired Price | PER SQ FT PER PLOT RATIO | GROSS PLOT RATIO |
|---|---|---|---|
| 2,4,6,8,10,12,14 Rifle Range Road Singapore 588373 to 588379 | Acquire Price $311,000,000 Additional lease top-up premium estimated at $52,000,000 | $1,244 | 1.4 |
Mayfair Modern Condo Price – Nearby Condos Transacted Price
| NEARBY NEWER CONDOS AROUND MAYFAIR MODERN | HIGHEST TRANSACTED SELLING PRICE (PSF) FOR PAST 12 MONTHS |
|---|---|
| DAINTREE RESIDENCE | $1,952 |
| THE CREEK @ BUKIT | $1,884 |
| NOTTINGHILL SUITES | $1,682 |
| SUITES AT BUKIT TIMAH | $1,626 |
| TERRENE AT BUKIT TIMAH | $1,457 |
| FLORIDIAN | $1,881 |
| JARDIN | $1,712 |
| SUITES DE LAUREL | $1,510 |
Mayfair Modern Condo Price – Estimate Indicative / Launch Price
- According to a marketing agent from Knight Frank, the land price of about $1,244
- According to Mr Ian Loh, executive director and head of investment and capital markets at Knight Frank, it was estimated that Mayfair Modern will breakeven at $1,780 psf. See link for news https://www.straitstimes.com/business/property/mayfair-gardens-sold-en-bloc-to-oxley-holdings-for-311-million
| Psf $ | |
| A) Land Cost | $1,244 |
| B) Construction Cost (estimate) | $350 |
| C) Profit Margin + Other Expenses (30% x [A+B] ) | $478 |
| Estimate Launch Price (Subjected to changes) Pure Estimation for Reference only | $2,072 |
