Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 storey housing development, has actually been rolled out again for collective sale, with the home owners hoping for tenders over the $123.8 mil conserve figure or roughly $1,989 psf on the acreage, disclosed special advertising specialist Knight Frank Singapore.
Located among the Queen Astrid Park GCBA, the 999 years leasehold condo sits a 62,243 sq foot plot and also was actually earlier sold for $126.8 mil in September ’20.
The development makes up 16 household units span within 2hundred 24 sq m and 2572.57 sq ft Settled on elevated premises, it relishes more than one hundred m building front toward Queen Astrid Gardens.
“Queen Astrid Gardens lays opportunities for future customers planning to construct a big family estate and even keep a long-term heritage. The many rebuilding choices put forth a captivating proposition for home-seekers and real estate investors searching for additional wealth preservation possibility,” shared Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank noted that the potential client can keep its current use as houses, redevelop it into an exclusive residence or subdivide it in to approximately four GCB parcels, subject to the associated specialists’ approval.
Loh noted a “spurt of good class bungalow movement from December2020, with at minimum 15 good class bungalows negotiated at a sum of greater than $Five hundred Thirty Two million”.
“Several prominent GCB exchanges in the previous two calendar months involve Five Swettenham Close at S$ 2,893 per sq foot on land, Fourteen Cluny Hill at S$ 2,315 psf on ground area, and 1 Chatsworth Park at S$ 2.082K per sq ft on land,” Loh stated.
The offer for Queen Astrid Gardens ends on 31Mar.