On the weekend of Sept 15 and 16, Singapore-listed developer Oxley Holdings will be previewing the 215- unit luxury condominium Mayfair Gardens.
Located on Rifle Range Road in the prime Bukit Timah area, the project comprises a good mix of one- to four-bedroom apartments, and six penthouses ranging from 1,539 to 1,733 sq ft. Units on the ground level have a ceiling height of 4.6m, while penthouses have a ceiling height of 4.4m.
Prices range from $938,000 ($1,853 psf) for a 506 sq ft, one-bedroom unit to $2.308 million ($1,898 psf) for a 1,216 sq ft, four-bedroom unit. The average price is said to be $1,900 psf. Ching Chiat Kwong, Oxley Holdings’ executive chairman and CEO, says the units are “priced to sell”.
Mayfair Gardens is a redevelopment of a private residential property in District 21 bearing the same name. Last November, Oxley purchased the original 124-unit condo development in an en bloc deal for $311 million ($1,244 psf per plot ratio), 14.8% more than the reserve price of $265 million. The former Mayfair Gardens, occupying a 208,480 sq ft site, will be developed into two new projects — Mayfair Gardens and Mayfair Modern. The redeveloped Mayfair Gardens will sit on a 116,130 sq ft site, while Mayfair Modern will be a smaller development with about 171 units.
The new Mayfair Gardens is designed by DP Architects, with inspiration from Georgian architecture. “Mayfair Gardens is the project of the decade for Oxley,” says Ching. He is confident that the development will make a statement in terms of design, details, space planning, facilities and landscaping.
Mayfair Gardens is the most upscale development in Oxley’s portfolio to date. For just 215 units, the project has 55 facilities, including a 75m swimming pool and three sky terraces.
Units will be fitted out with smarthome features — such as Smarthome Gateway, which works with other smart-home devices — and a doorbell that sends an alert to the homeowner’s smart device. Four-bedroom units and penthouses will also come with an Amazon Echo Spot voice-controlled device.
The name “Mayfair” was retained for the new development, as it is associated with one of the most prestigious addresses in London, says Eric Low, deputy CEO of Oxley Holdings.
He adds that British architecture is “not cheap to emulate, and is something that many have tried to recreate for many years”.
The development is situated along the Rail Corridor and is just a six-minute walk from King Albert Park MRT station on the Downtown Line. It is also near reputable schools such as Methodist Girls’ School, National Junior College, Hwa Chong Institution and Singapore Chinese Girls’ School. The Pan Island and Bukit Timah Expressways are easily accessible from the development. The CBD and Orchard Road are 15 to 20 minutes’ drive away.
According to Ching, the last new launch in the vicinity was Oxley’s own project — the freehold, mixeduse development comprising the 142-unit KAP Residences and 107- unit KAP Mall. KAP Residences and KAP Mall were launched for sale in 2013 and completed in 2017.
So far, Oxley has launched five projects in Singapore this year and sold 1,130 units to date, with total sales amounting to $1.18 billion, says Low.
Including Mayfair Gardens, Oxley will launch five more projects before year-end. Besides Mayfair Gardens, Oxley will also be previewing its 18- unit boutique development Parkwood Residences on Yio Chu Kang Road. Meanwhile, Sept 14 will see the sales launch of another boutique development, The Addition. With just 26 units, it is located near Potong Pasir MRT station.
Meanwhile, the 498-unit Kent Ridge Hill Residences (the former Vista Park) will also be launched before year-end. Upcoming projects include Mayfair Modern and a development in the Balestier-Tessensohn Road area. “We are quite confident that when we launch all the upcoming projects, our total sales [for the year] should hit 2,000 units,” says Low.