Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four level non commercial property, has actually been rolled out once more for collective sale, with the property owners looking for proposals above the $123.8 million retain figure or about $1.989K per sq foot on the acreage, disclosed exclusive marketing and advertising representative Knight Frank Singapore.
Situated inside the Queen Astrid Park Good Class Bungalow Area, the 999-year lease condo inhabits a 62,243 square ft site and also was actually prior sold for $126.8 mil in September past year.
The development comprises 16 non commercial apartments sizing up in between 2411.12 square foot and 2572.57 square ft Situated on raised grounds, the development experiences in excess of one hundred metres front view onto Queen Astrid Gardens.
“Queen Astrid Gardens poses possibilities for future homebuyers aiming to create a huge family group estate and make a long-term tradition. The various redevelopment opportunities deliver an alluring project for investors and home owners trying to find further capital preservation possibility,” shared Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank kept in mind that the interested homebuyer can retain its present use as flats, redevelop it into a solo mansion or subdivide it in to approximately four GCB plots, conditional on the relevant officials’ consent.
Loh indicated a “spurt of good class bungalow action ever since December2020, with at minimum fifteen good class bungalows transacted at a total amount of beyond $5hundred 32 mil”.
“Various outstanding GCB sales in the previous 2 calendar months consist of Five Swettenham Close at S$ 2.893K psf on ground area, Fourteen Cluny Hill at S$ 2.315K per sq foot on ground area, and also One Chatsworth Park at S$ 2,082 psf on ground area,” Loh explained.
The offer for Queen Astrid Gardens concludes on 31 Mar.