Queen Astrid Gardens Relaunched For En Bloc Sale For $123.8mil
Queen Astrid Gardens, a four floor housing development, has actually been relaunched for en bloc, with the homeowners forecasting deals exceeding the $123.8 million retain rate or roughly $1.989K per sq foot on the land area, reported privileged advertising professional Knight Frank S’pore.
Placed among the Queen Astrid Park GCBA, the 999 years rental condominium takes up a 62,243 sq ft spot and was actually earlier released on the market for $126.8 mil in Sept ’20.
The development constitutes 16 residential flats computing in between Two hundred Twenty Four square m and 2572.57 sq foot. Settled on raised premises, the property takes pleasure in excess of 100 metres building front toward Queen Astrid Gardens.
“Queen Astrid Gardens extends possibilities for prospective customers looking to form a substantial household estate and also remain a long-term legacy. The multiple rebuilding choices put forth an enticing recommendation for home-seekers and even capitalists seeking additional assets preservation opportunity,” pointed out Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank S’pore.
Knight Frank noted that the prospective client can maintain its present usage as homes, rebuild it in to a sole estate or split it in to up to four good class bungalow plots, dependent on the pertinent authorities’ consent.
Ian noticed a “outbreak of good class bungalow action from December2020, by having at the very least 15 GCBs transacted at a total of more than just $Five hundred Thirty Two million”.
“Some remarkable GCB dealings in the previous 2 mths include 5 Swettenham Close at S$ 2,893 per square ft on ground area, Fourteen Cluny Hill at S$ 2,315 psf on land, plus 1 Chatsworth Park at S$ 2.082K psf on land,” Loh said.
The offer for Queen Astrid Gardens concludes on 31Mar.