Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four floor housing property, has recently been rolled out again for collective sale, by having the owners forecasting bids above the $123.8 mil retain amount or around $1.989K per square ft on the property measurement, exposed special advertising and marketing specialist Knight Frank Singapore.
Placed in the Queen Astrid Park Good Class Bungalow Area, the 999-year rental condo sits a 62.243K square foot plot and also was previously offered for $126.8 mil in September past yr.
The development constitutes sixteen domestic houses size within 224 sq m and 2572.57 sq ft Snuggled on higher grounds, the development takes pleasure in excess of a hundred metres frontal toward Queen Astrid Gardens.
“Queen Astrid Gardens poses offers for interested customers aiming to establish a sizable family members estate and even make an everlasting legacy. The different redevelopment opportunities demonstrate an alluring plan for financiers and even home owners looking for extra money preservation possibility,” reported Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank Singapore.
Knight Frank observed that the future customer can preserve its current use as flats, reconstruct it in to an exclusive residence or redivide it in to as many as four GCB piece of lands, subject to the appropriate specialists’ authorization.
Loh noted a “spurt of GCB activity from Dec20, with at the very least fifteen good class bungalows dealt at a total of more than just $5hundred 32 million”.
“Some notable good class bungalow dealings within the past two calendar months involve 5 Swettenham Close at S$ 2,893 per square ft on ground area, 14 Cluny Hill at S$ 2.315K psf on land, also One Chatsworth Park at S$ 2.082K per sq foot on land,” he shared.
The offer for Queen Astrid Gardens wraps up on 31 March.