Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four storey housing property, has been relaunched for collective sale, with the homeowners expecting tenders over the $123.8 mil retain price or around $1.989K per square foot on the ground measurement, disclosed restricted promotion real estate agent Knight Frank SGP.
Located in the Queen Astrid Park Good Class Bungalow Area, the 999-year leasehold condominium occupies a 62.243K square foot spot and also was actually once offered for $126.8 million in Sept 2020.
The development consists of 16 non commercial residences span between 2411.12 square foot and Two hundred Thirty Nine sq meter. Settled on raised premises, it enjoys in excess of a hundred m building front onto Queen Astrid Gardens.
“Queen Astrid Gardens presents options for interested buyers seeking to develop a big family estate and even hand down an enduring tradition. The numerous reconstruction selections demonstrate a desirable suggestion for investors including home buyers hunting for extra wealth preservation opportunity,” pointed out Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank SGP.
Knight Frank observed that the interested home buyer is able to maintain its existing use as houses, rebuild it in to an exclusive villa or subdivide it in to right up to four GCB parcels, subject to the relevant specialists’ approval.
Loh considered a “fluster of good class bungalow action ever since Dec’20, with at minimum fifteen good class bungalows dealt at a total amount of more than $5hundred 32 million”.
“Some remarkable good class bungalow exchanges within the previous two calendar months such as 5 Swettenham Close at S$ 2.893K psf on land, Fourteen Cluny Hill at S$ 2.315K psf on ground area, as well as One Chatsworth Park at S$ 2,082 psf on land,” Loh pointed out.
The tender for Queen Astrid Gardens wraps up on 31Mar.