Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil

Queen Astrid Gardens, a 4 storey housing development, has actually been rolled out again for collective sale, with the homeowners foreseing deals greater than the $123.8 mil reserve rate or around $1.989K per square ft on the property measurement, shared special advertising and marketing professional Knight Frank Singapore.

Found amongst the Queen Astrid Park Good Class Bungalow Area, the 9hundred 99 yrs rental condominium inhabits a 5,782.6 square m area and was actually previously offered for $126.8 mil in Sept 2020.

The property development makes up sixteen residential homes sizing up between 2411.12 square ft and 2572.57 sq ft Snuggled on elevated lands, the apartment takes pleasure in excess of hundred metres frontal onto Queen Astrid Gardens.

The M condominium

“Queen Astrid Gardens lays opportunities for prospective homebuyers seeking to construct a huge family estate in order to make a durable heritage. The multiple rebuilding selections deliver a desirable recommendation for capitalists as well as home-seekers looking out for additional assets preservation opportunity,” claimed Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank Singapore.

Knight Frank observed that the potential investor is able to maintain its present use as houses, redevelop it into a sole mansion or subdivide it into around four GCB piece of lands, subject to the associated officials’ authorization.

Ian observed a “spurt of good class bungalow activity since December’20, by having at minimum 15 GCBs dealt at an overall of more than just $5hundred 32 mil”.

“A number of distinctive good class bungalow deals within the last two mths feature 5 Swettenham Close at S$ 2,893 per square ft on land, Fourteen Cluny Hill at S$ 2.315K psf on land, as well as One Chatsworth Park at S$ 2.082K per sq foot on land,” Loh reported.

The bid for Queen Astrid Gardens wraps up on 31Mar.

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