Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 floor residential development, has been rolled out once more for en-bloc, by having the proprietors looking for bids greater than the $123.8 mil reserve amount or roughly $1.989K psf on the property measurement, communicated restricted marketing professional Knight Frank SGP.
Placed within the Queen Astrid Park GCBA, the Nine hundred Ninety Nine years lease condominium utilizes a 62.243K square foot site and also was actually previously placed on the market for $126.8 mil in September 2020.
The property development makes up 16 household houses sizing up in between 224 sq m and Two hundred Thirty Nine sq meter. Snuggled on heightened premises, it experiences greater than a hundred m frontage toward Queen Astrid Gardens.
“Queen Astrid Gardens poses possibilities for future home buyers hoping to create a huge family landed estate as well as hand down a durable heritage. The multiple rebuilding alternatives present a tempting project for entrepreneurs and home-seekers searching more money preservation ability,” shared Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank Singapore.
Knight Frank indicated that the interested client can save its present use as homes, reconstruct it into an individual mansion or separate it into as much as four GCB plots, dependent on the necessary officials’ consent.
Loh observed a “flurry of good class bungalow activeness ever since Dec’20, with at the very least 15 good class bungalows dealt at an overall of beyond $5hundred 32 mil”.
“A number of prominent good class bungalow purchases within the previous two mths include Five Swettenham Close at S$ 2,893 psf on ground area, Fourteen Cluny Hill at S$ 2,315 psf on land, as well as 1 Chatsworth Park at S$ 2,082 per square ft on ground area,” Ian shared.
The offer for Queen Astrid Gardens ends on 31Mar.