Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 floor household property, has been rolled out once more for collective sale, with the property owners hoping for offers more than the $123.8 million retain figure or roughly $1.989K psf on the acreage, announced special marketing representative Knight Frank S’pore.
Situated in the Queen Astrid Park Good Class Bungalow Area, the 999-year lease condominium inhabits a 5,782.6 sq m location and was actually once placed on the market for $126.8 million in Sept last yr.
The development composes 16 housing apartments size in between 224 square meter and 2572.57 sq foot. Nestled on elevated premises, the development experiences beyond hundred m building front toward Queen Astrid Gardens.
“Queen Astrid Gardens extends opportunities for prospective buyers looking to establish a huge family estate and make an enduring legacy. The numerous redevelopment opportunities put forth an alluring proposal for home-seekers and investors trying to find further wealth preservation capacity,” explained Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank SGP.
Knight Frank noticed that the prospective investor can easily hold on to its existing usage as flats, redevelop it into a singular mansion or separate it in to right up to four GCB parcels, dependent on the associated officials’ approval.
Loh noted a “outbreak of good class bungalow activeness since December’20, by having at least 15 good class bungalows negotiated at a total amount of greater than $532 million”.
“A number of significant GCB purchases within the previous 2 months such as Five Swettenham Close at S$ 2.893K per square foot on ground area, Fourteen Cluny Hill at S$ 2,315 per square foot on ground area, and 1 Chatsworth Park at S$ 2,082 psf on ground area,” he explained.
The tender for Queen Astrid Gardens wraps up on 31 March.