Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a 4 storey non commercial property development, has actually been rolled out once more for en bloc, by having the home owners looking forward to proposals greater than the $123.8 million conserve value or approximately $1.989K psf on the land area, reported privileged advertising and marketing representative Knight Frank SGP.
Located inside the Queen Astrid Park GCBA, the 9hundred 99 yrs lease condo sits a 5,782.6 sq m plot and also was prior offered for $126.8 million in September 2020.
The development constitutes 16 housing flats sizing up within 2411.12 sq ft and 2572.57 square ft Nestled on heightened grounds, the property relishes in excess of hundred m frontal toward Queen Astrid Gardens.
“Queen Astrid Gardens lays prospects for prospective homebuyers aiming to build a huge household landed estate as well as make an enduring legacy. The various redevelopment opportunities present an alluring proposition for investors plus home buyers hunting for additional wealth preservation capacity,” claimed Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank SGP.
Knight Frank kept in mind that the prospective investor can maintain its present use as apartments, redevelop it in to a single residence or subdivide it into as much as four good class bungalow parcels, dependent on the appropriate specialists’ validation.
Loh noticed a “spurt of good class bungalow movement ever since Dec20, by having at minimum fifteen GCBs dealt at an overall of at least $5hundred 32 mil”.
“A number of outstanding good class bungalow deals in the past 2 mths such as Five Swettenham Close at S$ 2.893K per square foot on ground area, 14 Cluny Hill at S$ 2.315K per sq ft on land, also One Chatsworth Park at S$ 2.082K psf on ground area,” he explained.
The offer for Queen Astrid Gardens ceases on 31March.