Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 level housing property development, has actually been relaunched for collective sale, by having the proprietors looking forward to offers exceeding the $123.8 mil reserve value or roughly $1.989K per square foot on the property area, reported privileged promoting and marketing rep Knight Frank Singapore.
Situated within the Queen Astrid Park Good Class Bungalow Area, the 999-year lease condominium sits a 62,243 sq ft site and was earlier placed on the market for $126.8 mil in Sept 2020.
The development makes up 16 housing apartments computing within 2411.12 sq ft and Two hundred Thirty Nine square m. Situated on elevated lands, the property enjoys beyond hundred m front view onto Queen Astrid Gardens.
“Queen Astrid Gardens presents possibilities for potential buyers wanting to develop a sizable family landed estate and also keep a durable heritage. The several reconstruction alternatives demonstrate an eye-catching plan for home buyers including investors finding extra money preservation ability,” stated Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank indicated that the future customer is able to retain its current use as houses, redevelop it in to a solo manor or redivide it in to approximately four good class bungalow plots, dependent on the appropriate officials’ endorsement.
Ian observed a “fluster of good class bungalow activeness from Dec2K20, with at the very least 15 GCBs negotiated at a total amount of more than $532 million”.
“Various remarkable good class bungalow exchanges within the previous two calendar months involve 5 Swettenham Close at S$ 2,893 psf on land, 14 Cluny Hill at S$ 2,315 per sq foot on land, along with 1 Chatsworth Park at S$ 2.082K psf on land,” he claimed.
The bid for Queen Astrid Gardens concludes on 31 March.