Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 level domestic property development, has recently been brought out once more for en bloc, with the homeowners forecasting bids exceeding the $123.8 mil retain figure or about $1,989 per square foot on the ground measurement, disclosed restricted marketing and advertising representative Knight Frank S’pore.
Situated among the Queen Astrid Park GCBA, the 999-year lease condominium occupies a 5,782.6 sq m plot and was actually previously sold for $126.8 mil in Sept 2020.
The property consists of sixteen residential apartments sizing up in between 2411.12 square ft and 2hundred 39 sq meter. Nestled on raised premises, the development delights in beyond one hundred metres front view toward Queen Astrid Gardens.
“Queen Astrid Gardens lays opportunities for potential customers wanting to build a large family landed estate and also remain an enduring legacy. The multiple redevelopment possibilities offer an irresistible recommendation for real estate investors plus home owners searching additional assets preservation capacity,” claimed Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank observed that the prospective buyer can retain its existing use as houses, rebuild it in to a single residence or separate it in to as many as 4 GCB plots, conditional on the applicable specialists’ approval.
Ian observed a “fluster of good class bungalow action from Dec’20, with at the very least fifteen GCBs settled at a total of more than just $Five hundred Thirty Two mil”.
“Several outstanding GCB sales during the last two calendar months consist of 5 Swettenham Close at S$ 2.893K psf on land, Fourteen Cluny Hill at S$ 2,315 per square foot on land, and even 1 Chatsworth Park at S$ 2,082 per square ft on land,” Loh pointed out.
The bid for Queen Astrid Gardens concludes on 31 March.