Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four floor housing development, has been relaunched for collective sale, by having the property owners hoping for proposals beyond the $123.8 mil retain value or roughly $1,989 per square ft on the acreage, revealed privileged promoting and marketing specialist Knight Frank Singapore.
Found within the Queen Astrid Park Good Class Bungalow Area, the 999-year leasehold condominium occupies a 5,782.6 sq m plot and was actually previously offered for $126.8 million in Sept ’20.
The property makes up sixteen housing homes measuring between 224 sq m and 2572.57 sq foot. Nestled on higher premises, it indulges in beyond 100 metres building front toward Queen Astrid Gardens.
“Queen Astrid Gardens extends possibilities for interested buyers considering to form a huge family group estate and even make an everlasting heritage. The various redevelopment selections present an alluring project for investors and even home owners looking out for extra assets preservation possibility,” pointed out Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank SGP.
Knight Frank noted that the future customer can preserve its present usage as houses, rebuild it in to a sole villa or subdivide it into approximately 4 GCB plots, subject to the appropriate officials’ consent.
Ian noticed a “outbreak of good class bungalow movement since Dec’20, with at least fifteen GCBs transacted at a sum of beyond $Five hundred Thirty Two mil”.
“A number of prominent GCB transactions during the past 2 mths include 5 Swettenham Close at S$ 2.893K per square ft on land, Fourteen Cluny Hill at S$ 2.315K psf on ground area, together with 1 Chatsworth Park at S$ 2.082K per square ft on ground area,” he said.
The offer for Queen Astrid Gardens concludes on 31Mar.