Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 floor domestic property, has been relaunched for en-bloc, by having the property owners forecasting deals greater than the $123.8 mil conserve figure or about $1,989 psf on the acreage, shared exclusive promotion and marketing agent Knight Frank Singapore.
Located among the Queen Astrid Park Good Class Bungalow Area, the 999-year rental condominium inhabits a 62.243K sq foot site and also was once offered for $126.8 million in September previous yr.
The development makes up 16 housing houses measuring in between 2411.12 sq ft and 2572.57 sq foot. Situated on elevated grounds, it experiences in excess of hundred m frontage toward Queen Astrid Gardens.
“Queen Astrid Gardens gives opportunities for future customers seeking to develop a big family estate in order to leave an everlasting heritage. The several reconstruction possibilities offer a tempting project for capitalists and also home owners trying to find additional capital preservation ability,” shared Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank Singapore.
Knight Frank observed that the potential buyer is able to maintain its existent usage as apartments, reconstruct it in to a solo villa or split it into as much as 4 good class bungalow plots, subject to the applicable authorities’ endorsement.
Ian observed a “spurt of GCB activity since December’20, by having at least 15 good class bungalows clinched at an overall of more than $5hundred 32 mil”.
“A few notable good class bungalow sales within the past two mths involve Five Swettenham Close at S$ 2.893K psf on ground area, 14 Cluny Hill at S$ 2,315 per square foot on ground area, also 1 Chatsworth Park at S$ 2,082 per sq foot on land,” Loh claimed.
The offer for Queen Astrid Gardens concludes on 31March.