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

Queen Astrid Gardens, a 4 storey housing property development, has actually been brought out once more for en bloc, by having the property owners looking forward to tenders over the $123.8 million reserve rate or roughly $1.989K per square ft on the ground measurement, revealed special advertising and marketing real estate agent Knight Frank SGP.

Situated within the Queen Astrid Park Good Class Bungalow Area, the Nine hundred Ninety Nine yrs leasehold condominium inhabits a 62,243 sq ft area and also was formerly put on the market for $126.8 million in September ’20.

Midtown Modern condominium

The development contains sixteen housing units computing between 2411.12 sq ft and 239 sq m. Settled on higher premises, it delights in more than a hundred m frontal onto Queen Astrid Gardens.

“Queen Astrid Gardens presents chances for potential home buyers hoping to construct a substantial family landed estate as well as keep an enduring legacy. The various redevelopment opportunities present a captivating suggestion for home-seekers and also capitalists finding more wealth preservation ability,” said Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank Singapore.

Knight Frank noticed that the prospective prospect can keep its current use as houses, rebuild it into an individual residence or redivide it in to as many as four GCB piece of lands, subject to the applicable authorities’ validation.

Ian kept in mind a “spurt of good class bungalow movement from Dec2K20, by having at least 15 good class bungalows dealt at a total amount of at least $Five hundred Thirty Two million”.

“Various distinctive good class bungalow transactions in the previous two months feature Five Swettenham Close at S$ 2,893 psf on land, Fourteen Cluny Hill at S$ 2.315K per square ft on land, plus One Chatsworth Park at S$ 2,082 per square foot on ground area,” Loh said.

The tender for Queen Astrid Gardens concludes on 31 March.

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