Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 floor domestic property development, has recently been relaunched for en-bloc, with the owners predicting tenders beyond the $123.8 mil conserve value or around $1.989K psf on the ground area, announced restricted marketing representative Knight Frank S’pore.
Situated in the Queen Astrid Park Good Class Bungalow Area, the 999 years lease condo occupies a 5,782.6 square m location and also was previously offered for $126.8 million in September 2K20.
The development makes up sixteen non commercial apartments size in between 2411.12 square ft and 2hundred 39 square m. Settled on raised grounds, the apartment enjoys beyond 100 m building front toward Queen Astrid Gardens.
“Queen Astrid Gardens poses prospects for potential purchasers planning to form a big family members estate as well as remain a durable heritage. The different rebuilding options furnish an enticing proposition for capitalists and home buyers looking out for more assets preservation ability,” pointed out Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank noticed that the future home buyer can save its present usage as homes, redevelop it into a single manor or separate it into approximately four good class bungalow plots, subject to the appropriate officials’ approval.
Loh kept in mind a “fluster of good class bungalow action from December2020, with a minimum of fifteen GCBs clinched at a total amount of at least $Five hundred Thirty Two mil”.
“A number of distinctive GCB sales within the past two months such as Five Swettenham Close at S$ 2,893 psf on ground area, 14 Cluny Hill at S$ 2,315 per square foot on ground area, as well as One Chatsworth Park at S$ 2.082K psf on ground area,” Ian mentioned.
The offer for Queen Astrid Gardens closes on 31 Mar.