Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 level non commercial development, has recently been relaunched for en bloc, by having the home owners expecting bids more than the $123.8 mil reserve value or about $1,989 psf on the land area, revealed privileged promotion specialist Knight Frank SGP.
Situated inside the Queen Astrid Park Good Class Bungalow Area, the 999 yrs rental condo occupies a 62.243K sq ft site and was once sold for $126.8 million in September last yr.
The development constitutes sixteen domestic flats sizing up within 2411.12 square foot and 2572.57 sq foot. Settled on heightened lands, it takes pleasure in greater than 100 metres frontal toward Queen Astrid Gardens.
“Queen Astrid Gardens gives possibilities for potential purchasers aiming to form a large household landed estate as well as remain a long-term heritage. The several rebuilding options present an irresistible proposal for home owners and even capitalists finding further capital preservation ability,” reported Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank Singapore.
Knight Frank noted that the interested investor can easily preserve its present use as houses, reconstruct it in to a solo manor or split it into around 4 GCB piece of lands, conditional on the pertinent authorities’ consent.
Loh noticed a “fluster of good class bungalow activity from Dec2K20, with at the very least fifteen GCBs negotiated at a total of beyond $Five hundred Thirty Two million”.
“A number of remarkable good class bungalow purchases during the previous two months consist of 5 Swettenham Close at S$ 2,893 psf on land, Fourteen Cluny Hill at S$ 2.315K per square foot on land, as well as 1 Chatsworth Park at S$ 2,082 psf on land,” Ian stated.
The offer for Queen Astrid Gardens concludes on 31 Mar.