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

Queen Astrid Gardens, a four storey domestic property development, has recently been brought out once more for en bloc, with the home owners expecting bids over the $123.8 mil reserve amount or roughly $1,989 per sq ft on the land area, disclosed privileged marketing and advertising specialist Knight Frank SGP.

Situated in the Queen Astrid Park Good Class Bungalow Area, the 999-year leasehold condominium occupies a 62,243 square foot spot and was previously offered for $126.8 mil in September ’20.

The development composes 16 housing units computing within 2411.12 square foot and 2572.57 square ft Settled on heightened grounds, the development relishes more than 100 metres building front toward Queen Astrid Gardens.

Riviere condominium

“Queen Astrid Gardens gives opportunities for interested homebuyers planning to establish a sizable household estate and even hand down an enduring heritage. The many rebuilding choices provide an appealing project for home owners as well as capitalists searching extra capital preservation potential,” reported Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank SGP.

Knight Frank kept in mind that the future client can easily hold on to its existing usage as apartments, redevelop it in to a singular residence or subdivide it in to up to 4 GCB plots, dependent on the essential authorities’ endorsement.

Loh noted a “flurry of GCB activeness from Dec’20, by having a minimum of 15 good class bungalows settled at a total of at least $Five hundred Thirty Two mil”.

“A number of noteworthy good class bungalow deals during the previous two months include 5 Swettenham Close at S$ 2,893 per square foot on ground area, 14 Cluny Hill at S$ 2,315 psf on ground area, and One Chatsworth Park at S$ 2.082K per sq ft on land,” Ian explained.

The offer for Queen Astrid Gardens concludes on 31March.

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