Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 storey non commercial property, has been rolled out once more for en-bloc, with the property owners looking forward to deals beyond the $123.8 mil reserve value or almost $1.989K psf on the acreage, communicated special promotion specialist Knight Frank Singapore.
Located within the Queen Astrid Park GCBA, the 999-year leasehold condominium covers a 5,782.6 square m location and was once offered for $126.8 million in September last yr.
The development composes 16 domestic residences computing within 2hundred 24 sq meter and 2hundred 39 sq meter. Settled on accelerated grounds, it enjoys greater than a hundred metres frontage toward Queen Astrid Gardens.
“Queen Astrid Gardens lays possibilities for future purchasers considering to establish a large family landed estate and even make an everlasting legacy. The multiple rebuilding alternatives demonstrate an irresistible suggestion for investors as well as home-seekers looking out for additional capital preservation possibility,” stated Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank Singapore.
Knight Frank noted that the interested customer is able to hold on to its existent use as apartments, rebuild it in to an individual mansion or redivide it into around four good class bungalow piece of lands, subject to the relevant authorities’ validation.
Ian indicated a “outbreak of GCB activity from Dec’20, with a minimum of fifteen good class bungalows transacted at a sum of at least $532 mil”.
“A number of distinctive GCB purchases within the past two calendar months involve 5 Swettenham Close at S$ 2.893K psf on ground area, Fourteen Cluny Hill at S$ 2.315K psf on land, together with One Chatsworth Park at S$ 2.082K per sq foot on ground area,” Ian explained.
The offer for Queen Astrid Gardens closes on 31March.