Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four level residential development, has recently been brought out again for en bloc, with the owners anticipating proposals over the $123.8 million retain price or about $1.989K per sq ft on the acreage, shared exclusive advertising and marketing representative Knight Frank SGP.
Placed in the Queen Astrid Park GCBA, the 999-year lease condo utilizes a 5,782.6 square m plot and also was actually once sold for $126.8 mil in September ’20.
The property development contains sixteen non commercial residences computing between Two hundred Twenty Four sq m and 239 sq m. Snuggled on higher premises, the development takes pleasure in beyond a hundred m frontal onto Queen Astrid Gardens.
“Queen Astrid Gardens gives prospects for interested home buyers wanting to construct a big family estate and even hand down a durable legacy. The numerous rebuilding possibilities furnish an enticing presentation for home-seekers and even entrepreneurs searching extra capital preservation potential,” claimed Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank considered that the prospective homebuyer can maintain its current use as homes, rebuild it into a solo mansion or separate it into approximately four good class bungalow plots, subject to the appropriate specialists’ authorization.
Ian noticed a “outbreak of GCB movement since Dec 2020, by having at minimum fifteen good class bungalows negotiated at a total of more than just $532 million”.
“A number of notable GCB deals in the last 2 mths feature Five Swettenham Close at S$ 2.893K psf on ground area, Fourteen Cluny Hill at S$ 2,315 per sq foot on ground area, also 1 Chatsworth Park at S$ 2,082 psf on land,” he mentioned.
The bid for Queen Astrid Gardens concludes on 31March.