Mayfair Gardens sold en bloc for S$311 million

Singapore

THE en bloc train continues to chug along with Oxley Holdings' subsidiary, Citrine Property, clinching Mayfair Gardens for S$311 million.

The sale price, with an additional lease top-up premium estimated at S$52 million to top up the lease to a fresh 99 years, translates to a land price of approximately S$1,244 per square foot per plot ratio (psf ppr), said marketing agent Knight Frank in a press release.

Each owner stands to collect a gross sale pric…