Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four floor domestic development, has been rolled out again for collective sale, with the homeowners looking forward to bids greater than the $123.8 mil reserve figure or approximately $1,989 psf on the acreage, exposed special advertising and marketing professional Knight Frank S’pore.
Placed among the Queen Astrid Park GCBA, the Nine hundred Ninety Nine yrs leasehold condo sits a 5,782.6 square m spot and also was actually formerly put on the market for $126.8 mil in September past yr.
The property consists of sixteen household suites span in between 224 sq m and Two hundred Thirty Nine square meter. Nestled on heightened lands, it indulges in excess of one hundred m building front onto Queen Astrid Gardens.
“Queen Astrid Gardens presents options for potential buyers considering to create a large family estate as well as remain a long-term tradition. The many redevelopment alternatives furnish an eye-catching recommendation for home owners as well as investors searching for further money preservation possibility,” explained Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank SGP.
Knight Frank indicated that the prospective home buyer is able to preserve its existing use as apartments, redevelop it in to an exclusive estate or subdivide it in to up to four good class bungalow plots, subject to the essential officials’ validation.
Loh considered a “spurt of good class bungalow movement ever since Dec2K20, with at minimum 15 GCBs clinched at a total amount of beyond $5hundred 32 mil”.
“A number of remarkable GCB purchases during the previous 2 months feature Five Swettenham Close at S$ 2.893K psf on land, 14 Cluny Hill at S$ 2,315 psf on ground area, plus 1 Chatsworth Park at S$ 2,082 per square foot on ground area,” Ian said.
The tender for Queen Astrid Gardens closes on 31 Mar.