Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 storey domestic property development, has been brought out again for en bloc, by having the homeowners predicting bids more than the $123.8 mil retain price or approximately $1.989K psf on the acreage, revealed exclusive promotion and marketing representative Knight Frank Singapore.
Located within the Queen Astrid Park Good Class Bungalow Area, the 999-year lease condo occupies a 62.243K square ft location and also was actually once sold for $126.8 million in September 2K20.
The property development comprises sixteen domestic homes computing between 2411.12 square foot and 2572.57 square foot. Nestled on elevated premises, the development experiences more than a hundred m frontage toward Queen Astrid Gardens.
“Queen Astrid Gardens gives possibilities for potential customers planning to put together a big household landed estate as well as remain a long-term tradition. The many rebuilding possibilities deliver an appealing project for real estate investors including home-seekers searching further wealth preservation possibility,” reported Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank kept in mind that the prospective customer can save its current use as houses, reconstruct it into a single residence or split it into right up to four good class bungalow parcels, conditional on the applicable specialists’ approval.
Loh noticed a “flurry of GCB movement since Dec’20, by having at the very least 15 good class bungalows settled at a total of greater than $5hundred 32 million”.
“Several noteworthy GCB sales within the previous 2 months consist of 5 Swettenham Close at S$ 2,893 psf on land, 14 Cluny Hill at S$ 2,315 psf on ground area, as well as 1 Chatsworth Park at S$ 2.082K psf on ground area,” he mentioned.
The bid for Queen Astrid Gardens closes on 31Mar.