Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four level housing development, has recently been relaunched for en bloc, by having the proprietors expecting deals beyond the $123.8 million retain amount or around $1.989K psf on the property measurement, shared exclusive promoting and marketing agent Knight Frank S’pore.
Found amongst the Queen Astrid Park GCBA, the 999-year leasehold condominium inhabits a 62.243K sq foot plot and was actually previously released on the market for $126.8 million in Sept past year.
The property development comprises 16 housing residences measuring within 224 square meter and 239 square meter. Snuggled on elevated premises, the development relishes more than 100 metres front view onto Queen Astrid Gardens.
“Queen Astrid Gardens extends opportunities for prospective customers considering to build a sizable family members estate and even remain a long-term tradition. The many redevelopment options furnish an eye-catching proposal for home owners and real estate investors looking for further capital preservation possibility,” stated Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank indicated that the prospective prospect can maintain its current usage as houses, reconstruct it into an exclusive mansion or redivide it in to as much as 4 GCB piece of lands, dependent on the associated specialists’ endorsement.
Ian noted a “fluster of good class bungalow movement from December’20, with at least 15 GCBs settled at a total amount of greater than $5hundred 32 mil”.
“Various noteworthy good class bungalow exchanges during the last two calendar months feature 5 Swettenham Close at S$ 2.893K psf on land, 14 Cluny Hill at S$ 2.315K per sq ft on ground area, plus 1 Chatsworth Park at S$ 2,082 per sq foot on land,” he mentioned.
The offer for Queen Astrid Gardens wraps up on 31March.