Mayfair Gardens Condo Price
The site has a land area of 19,368sqm or 208,477sqft and a plot ration of 1.4, which translates to a gross floor area of about 291,865 sqft. You may also like Strategic location of Mayfair Gardens
Mr Ian Loh, executive director and head of investment and capital markets at Knight Frank, said the new development could potentially house 387 homes of an average 70 sq m in size. see also Mayfair Gardens Impressive Features
Mr Ian Loh estimated: “At the sale price of $311 million, the breakeven price for the new project is estimated at $1,780 psf“
We are unable to conclude that a FH development is able to command a high rental return.
From an investor point of view, lower entry price and higher returns will be a more attractive option.
One of the common reasons in choosing a FH development over a 99 years leasehold development, is that “when crisis hits, the value of a FH condominium will be more stable as compared to a 99 years leasehold.” Read more about Mayfair Gardens Expansible Layouts
If we were to refer to Singapore Property Index (URA website), we will know that Singapore property price downturn in the year of 2008 and 2013. Check out my Review about Mayfair Gardens Review
|Type||Size (sqft)||Net Price||PSF|
|1 Bedroom + Study||$1.055m|
By looking at other condos in the vicinity, should still give you a gauge roughly how much will Mayfair Gardens new launch price will be.
New residential property Sale price was at an average of $1,693 psf in Feburary 2008. In 2017 December, it was only $1,460 psf.
Pricing and Floor Plans
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