Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four storey non commercial property development, has actually been brought out once more for en bloc, by having the owners hoping for offers greater than the $123.8 million reserve rate or around $1.989K per sq ft on the acreage, exposed privileged marketing real estate agent Knight Frank Singapore.
Situated amongst the Queen Astrid Park GCBA, the 999 years leasehold condo occupies a 5,782.6 sq m area and also was earlier sold for $126.8 mil in Sept ’20.
The property makes up sixteen non commercial houses measuring between 2411.12 square foot and 2hundred 39 square meter. Situated on higher grounds, it experiences in excess of one hundred metres frontage onto Queen Astrid Gardens.
“Queen Astrid Gardens poses possibilities for future buyers considering to construct a large family estate and even leave a long-term legacy. The several redevelopment possibilities introduce an eye-catching suggestion for home buyers including financiers searching further wealth preservation ability,” said Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank noted that the potential prospect is able to keep its existent use as homes, reconstruct it in to a sole mansion or separate it into as much as 4 good class bungalow parcels, conditional on the essential specialists’ validation.
Loh indicated a “fluster of good class bungalow activity since December2020, by having at minimum 15 good class bungalows negotiated at an overall of greater than $Five hundred Thirty Two million”.
“A number of significant GCB exchanges in the past two calendar months such as 5 Swettenham Close at S$ 2.893K per sq ft on ground area, 14 Cluny Hill at S$ 2.315K psf on ground area, as well as 1 Chatsworth Park at S$ 2.082K per sq foot on ground area,” Ian reported.
The bid for Queen Astrid Gardens ceases on 31Mar.