Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four floor residential property, has been rolled out again for en-bloc, by having the proprietors looking for proposals greater than the $123.8 million retain figure or roughly $1,989 psf on the ground measurement, reported special marketing and advertising professional Knight Frank S’pore.
Placed among the Queen Astrid Park Good Class Bungalow Area, the 999-year lease condominium sits a 5,782.6 sq meter spot and was actually earlier released on the market for $126.8 million in Sept 2K20.
The property constitutes sixteen housing units measuring within 224 square m and 2572.57 sq ft Nestled on accelerated grounds, it indulges in excess of a hundred metres building front toward Queen Astrid Gardens.
“Queen Astrid Gardens extends offers for interested buyers looking to build a large family group estate and remain an enduring tradition. The many redevelopment opportunities put forth an alluring proposition for home-seekers including entrepreneurs trying to find additional capital preservation capacity,” shared Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank Singapore.
Knight Frank indicated that the potential homebuyer can hold on to its present use as flats, rebuild it into a singular villa or redivide it in to right up to four GCB plots, dependent on the pertinent authorities’ consent.
Loh indicated a “outbreak of good class bungalow action since December’20, by having at the very least fifteen GCBs transacted at a total amount of greater than $532 mil”.
“A number of outstanding GCB exchanges in the past two mths involve Five Swettenham Close at S$ 2,893 psf on ground area, 14 Cluny Hill at S$ 2.315K per square foot on ground area, plus One Chatsworth Park at S$ 2,082 per sq foot on ground area,” he reported.
The bid for Queen Astrid Gardens wraps up on 31 March.