Disclaimer: By no means am I endorsing The Mayfair. This is simply an analysis of the floor plan and its suitability for a family of 5 to stay in comfortably. Please do your own thorough research before you make any decision.
Here are some of the facts and figures:
- 1-7 Jurong East Street 24
- 452 units
- Completed 2000, 99-years leasehold
- 20 year-old development
- 3-bed (1227sqft)
- The last 1227sqft transacted unit located on a mid-high floor – changed hands at $1m ($815psf) in early 2020.
- Spacious layout – Even with a private lift lobby, it is apparent that overall space distribution is well balanced and defined.
- There’s absolutely no space wastage – no huge balconies or bay windows prevalent in developments built a few years later.
Lack of windows in the utility and private lobby, which is a small issue, given that the rest of the unit has numerous windows.
Developments completed during this time were much more spacious.
The last 1227sqft located on a mid-high floor, changed hands at $1m ($815psf) in early 2020. This is way more affordable than all the new 3-bedder launches today.
You can check out my floor plan analysis for the following new launches:
Less than 500m from Chinese Garden MRT Station, or a short bus ride to Jurong East Central (JEM/ MRT/ Bus Interchange), its location isn’t too shabby as well.
If space is very important for your family, The Mayfair is a spacious development.
Yes, the age of the development means it might not be attractive in the resale market but at its price – there are always buyers for this type of spacious unit.
If you are someone who is planning to spend a lot of time at home and sees this unit as a place to stay rather than an investment – I don’t see why not.
It’s far cheaper than many new launches, more spacious and ready to move in.
If you are an owner at this development – then perhaps it is time to let go and extract your gains. Downgrade to a smaller and easier to maintain unit if you no longer need such a big space.
Also it is always a good idea to put your monies in other investments where it can perform better and work harder for you.
Keen to explore your various options available? Feel free to contact me to arrange for a no-obligation discussion.