Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four level domestic development, has been rolled out again for en bloc, by having the property owners anticipating offers above the $123.8 mil conserve value or about $1,989 per square ft on the acreage, reported special advertising and marketing rep Knight Frank Singapore.
Found amongst the Queen Astrid Park Good Class Bungalow Area, the Nine hundred Ninety Nine years leasehold condominium occupies a 5,782.6 square meter spot and also was earlier offered for $126.8 mil in September past year.
The property comprises 16 non commercial units span in between 2411.12 sq foot and 2572.57 sq ft Snuggled on elevated grounds, the apartment appreciates beyond one hundred metres front view toward Queen Astrid Gardens.
“Queen Astrid Gardens lays chances for interested purchasers hoping to construct a sizable family members landed estate and keep a long-lasting heritage. The many redevelopment selections offer a captivating recommendation for entrepreneurs and even home buyers hunting for extra wealth preservation ability,” pointed out Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank kept in mind that the future customer is able to retain its current use as flats, rebuild it in to a solo estate or redivide it into right up to 4 good class bungalow parcels, conditional on the pertinent authorities’ approval.
Ian kept in mind a “flurry of good class bungalow movement from Dec 2K20, with at least 15 good class bungalows transacted at a total of beyond $5hundred 32 mil”.
“Various notable GCB sales in the last 2 mths feature Five Swettenham Close at S$ 2,893 psf on land, Fourteen Cluny Hill at S$ 2.315K psf on ground area, and also One Chatsworth Park at S$ 2.082K per sq foot on land,” Ian stated.
The bid for Queen Astrid Gardens ends on 31Mar.