Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 level household property, has been relaunched for en-bloc, by having the property owners foreseing tenders above the $123.8 mil conserve value or around $1.989K psf on the property measurement, reported exclusive marketing representative Knight Frank SGP.
Located amongst the Queen Astrid Park GCBA, the 999 yrs lease condominium utilizes a 62.243K square ft spot and was actually once sold for $126.8 mil in Sept previous year.
The property makes up sixteen household houses measuring within 2411.12 square foot and 2572.57 sq foot. Situated on higher premises, it indulges in more than a hundred metres front view toward Queen Astrid Gardens.
“Queen Astrid Gardens poses opportunities for potential homebuyers hoping to establish a sizable family landed estate and even hand down an enduring tradition. The different rebuilding opportunities furnish a tempting plan for financiers as well as home-seekers searching more capital preservation potential,” pointed out Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank Singapore.
Knight Frank noted that the interested prospect can maintain its present use as flats, reconstruct it in to a solo manor or separate it into as much as four GCB parcels, dependent on the associated specialists’ approval.
Loh indicated a “outbreak of good class bungalow activity from Dec’20, by having at minimum fifteen GCBs dealt at a total amount of more than $5hundred 32 million”.
“A few prominent GCB deals during the last two calendar months include 5 Swettenham Close at S$ 2,893 per sq foot on ground area, Fourteen Cluny Hill at S$ 2.315K per sq ft on land, including 1 Chatsworth Park at S$ 2,082 per square foot on ground area,” Loh shared.
The tender for Queen Astrid Gardens ceases on 31 March.