Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four floor residential development, has actually been relaunched for en bloc, by having the property owners looking for proposals above the $123.8 mil conserve figure or roughly $1.989K psf on the acreage, exposed special promotion representative Knight Frank Singapore.
Found within the Queen Astrid Park Good Class Bungalow Area, the 9hundred 99 yrs leasehold condo sits a 5,782.6 sq m location and was earlier offered for $126.8 mil in September ’20.
The development makes up sixteen housing suites sizing up within 2411.12 sq foot and 2572.57 square ft Snuggled on heightened lands, the property indulges in greater than one hundred metres frontage toward Queen Astrid Gardens.
“Queen Astrid Gardens lays chances for future customers considering to establish a sizable family group estate and even leave a long-term legacy. The many reconstruction possibilities present an attractive presentation for home owners including investors trying to find further wealth preservation capacity,” claimed Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank observed that the interested customer can retain its present use as houses, redevelop it into an individual estate or split it in to as many as 4 GCB plots, conditional on the applicable specialists’ approval.
Loh observed a “fluster of good class bungalow activeness from December2020, with at least 15 good class bungalows transacted at a sum of greater than $532 million”.
“A number of prominent good class bungalow transactions in the past two calendar months include 5 Swettenham Close at S$ 2.893K psf on land, Fourteen Cluny Hill at S$ 2.315K psf on land, also 1 Chatsworth Park at S$ 2.082K psf on ground area,” Ian shared.
The offer for Queen Astrid Gardens wraps up on 31Mar.