Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 floor domestic property development, has recently been rolled out once more for collective sale, by having the proprietors looking for tenders above the $123.8 million retain rate or almost $1.989K psf on the acreage, disclosed restricted promotion real estate agent Knight Frank S’pore.
Situated inside the Queen Astrid Park Good Class Bungalow Area, the 999 yrs rental condo takes up a 5,782.6 square meter area and was actually prior sold for $126.8 mil in Sept last year.
The property development composes 16 non commercial homes size between 2411.12 square foot and 239 square meter. Nestled on accelerated premises, the apartment indulges in more than one hundred m frontal toward Queen Astrid Gardens.
“Queen Astrid Gardens poses options for interested homebuyers aiming to put together a huge family landed estate and even hand down an everlasting heritage. The numerous reconstruction possibilities offer a desirable suggestion for entrepreneurs and even home-seekers finding more wealth preservation ability,” shared Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank SGP.
Knight Frank considered that the future customer is able to preserve its existent usage as homes, reconstruct it in to an individual mansion or separate it into around four GCB parcels, conditional on the appropriate specialists’ endorsement.
Ian noted a “outbreak of GCB activeness ever since December2020, by having a minimum of fifteen good class bungalows negotiated at a sum of more than just $532 million”.
“A few distinctive good class bungalow purchases in the last 2 mths include 5 Swettenham Close at S$ 2.893K psf on ground area, Fourteen Cluny Hill at S$ 2.315K per sq foot on ground area, and even One Chatsworth Park at S$ 2,082 psf on land,” he pointed out.
The offer for Queen Astrid Gardens ends on 31 Mar.