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

Queen Astrid Gardens, a 4 floor housing property development, has been relaunched for collective sale, by having the property owners forecasting proposals exceeding the $123.8 million conserve amount or around $1,989 per square ft on the acreage, communicated exclusive marketing and advertising rep Knight Frank S’pore.

One Bernam condominium

Situated within the Queen Astrid Park GCBA, the 9hundred 99 years rental condo sits a 5,782.6 sq meter area and also was prior put on the market for $126.8 million in Sept 2K20.

The development constitutes 16 non commercial homes size in between 2411.12 sq ft and 2hundred 39 sq meter. Snuggled on accelerated premises, the property takes pleasure in beyond one hundred metres front view toward Queen Astrid Gardens.

“Queen Astrid Gardens presents offers for potential customers hoping to construct a substantial family members landed estate in order to remain an everlasting legacy. The multiple rebuilding choices demonstrate a captivating proposal for entrepreneurs and also home owners seeking additional wealth preservation ability,” mentioned Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank SGP.

Knight Frank noted that the future buyer is able to retain its current usage as houses, reconstruct it into a singular residence or split it into as much as 4 good class bungalow piece of lands, dependent on the applicable officials’ endorsement.

Ian indicated a “fluster of GCB activity from Dec’20, by having at minimum fifteen good class bungalows dealt at a sum of at least $Five hundred Thirty Two million”.

“Various prominent GCB dealings within the last 2 mths include 5 Swettenham Close at S$ 2.893K per sq ft on ground area, Fourteen Cluny Hill at S$ 2,315 per sq foot on ground area, along with 1 Chatsworth Park at S$ 2.082K per square ft on ground area,” Loh mentioned.

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

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