Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 level residential property, has recently been rolled out again for en-bloc, by having the proprietors hoping for offers exceeding the $123.8 mil retain rate or close to $1,989 per sq foot on the land area, exposed privileged promoting and marketing rep Knight Frank S’pore.
Situated inside the Queen Astrid Park Good Class Bungalow Area, the 999-year leasehold condominium occupies a 62.243K sq ft spot and also was formerly offered for $126.8 mil in September 2020.
The property development comprises sixteen non commercial units computing in between 2411.12 square foot and 239 square m. Nestled on raised premises, the development experiences beyond 100 metres frontage onto Queen Astrid Gardens.
“Queen Astrid Gardens extends opportunities for interested home buyers hoping to put together a large family landed estate and even make a durable tradition. The numerous redevelopment opportunities provide an enticing plan for investors and home-seekers hunting for extra assets preservation ability,” pointed out Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank Singapore.
Knight Frank indicated that the future client can easily maintain its existing usage as flats, redevelop it in to an exclusive mansion or split it into approximately 4 good class bungalow piece of lands, dependent on the pertinent authorities’ authorization.
Loh noticed a “fluster of good class bungalow action from Dec2K20, by having at the very least fifteen GCBs transacted at a sum of greater than $532 million”.
“A few outstanding good class bungalow transactions in the past 2 calendar months such as 5 Swettenham Close at S$ 2.893K psf on ground area, 14 Cluny Hill at S$ 2,315 psf on ground area, along with One Chatsworth Park at S$ 2.082K per sq foot on land,” Ian claimed.
The bid for Queen Astrid Gardens ends on 31March.