Wimsey
06-08-18, 18:21
Now that Oxley has launched Verandah Residences (sold out after 3 months), Affinity at Serangoon (not doing terribly well as the pricing is a bit high for something not walking distance to an MRT station), Sixteen35, and Riverfront Residences (selling steadily, over 600 units sold), it looks like the next target on their launch horizon is the former Mayfair Gardens (https://esingaporeproperty.sg/property/mayfair-gardens-condo/) site. They have said that they intend to price it to sell, which should make it quite an interesting fight with another similar upcoming launch at Fourth Avenue.
One thing about Oxley is that they do tend to "leave money on the table" for buyers. They have a tendency to launch at slightly below competing projects. Take Riverfront Residences for instance. They could have priced similar to Tapestry or Waterbay, since both these have similar attributes. But they chose to price it below the other 2 projects, even though Riverfront is actually within walking distance to Hougang MRT station. Which partly explains why Riverfront is still selling OK after the cooling measures. Anyway, we hope that Oxley will do the same for the former Mayfair Gardens condo (https://esingaporeproperty.sg/property/mayfair-gardens-condo/) site. This is a low-rise project in a nice area, and within 5 minutes walk to the King Albert Park MRT station and to Bukit Timah Plaza. So altogether a nice project. Only drawback is that it is 99 years leasehold, not freehold. But in this day and age, less people seem to mind about that.
https://esingaporeproperty.sg/wp-content/uploads/2018/07/Former-Mayfair-Gardens-Condo-at-Rifle-Range-Road.jpg
One thing about Oxley is that they do tend to "leave money on the table" for buyers. They have a tendency to launch at slightly below competing projects. Take Riverfront Residences for instance. They could have priced similar to Tapestry or Waterbay, since both these have similar attributes. But they chose to price it below the other 2 projects, even though Riverfront is actually within walking distance to Hougang MRT station. Which partly explains why Riverfront is still selling OK after the cooling measures. Anyway, we hope that Oxley will do the same for the former Mayfair Gardens condo (https://esingaporeproperty.sg/property/mayfair-gardens-condo/) site. This is a low-rise project in a nice area, and within 5 minutes walk to the King Albert Park MRT station and to Bukit Timah Plaza. So altogether a nice project. Only drawback is that it is 99 years leasehold, not freehold. But in this day and age, less people seem to mind about that.
https://esingaporeproperty.sg/wp-content/uploads/2018/07/Former-Mayfair-Gardens-Condo-at-Rifle-Range-Road.jpg