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Mayfair Gardens in collective sale bid

Singapore

MAYFAIR Gardens, a residential redevelopment site off Dunearn Road in Bukit Timah, is being launched for collective sale on Monday with a reserve price of S$265 million.

This translates to a land rate of S$1,058 per square foot per plot ratio (psf ppr), including an additional lease top-up premium of S$43.7 million payable to the state for a fresh 99-year lease.

With the inclusion of a 10 per cent bonus balcony gross floor area (GFA), the land rate may work out to about S$961 psf ppr, subject...

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