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

Queen Astrid Gardens, a four floor non commercial property development, has recently been rolled out once more for en bloc, with the proprietors forecasting tenders exceeding the $123.8 million conserve price or about $1.989K psf on the ground area, shared special marketing agent Knight Frank S’pore.

Located in the Queen Astrid Park Good Class Bungalow Area, the 9hundred 99 years leasehold condo utilizes a 5,782.6 square meter site and also was earlier sold for $126.8 mil in September previous yr.

Penrose condominium

The property makes up 16 housing houses size in between 224 square m and 2572.57 square foot. Nestled on elevated premises, it takes pleasure in greater than 100 metres frontage toward Queen Astrid Gardens.

“Queen Astrid Gardens gives options for prospective customers planning to establish a large family members estate and also make a long-term tradition. The multiple redevelopment possibilities put forth an irresistible recommendation for home buyers and financiers trying to find future money preservation ability,” said Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank Singapore.

Knight Frank noted that the future home buyer can easily maintain its current usage as flats, reconstruct it in to a singular residence or redivide it into approximately four good class bungalow plots, dependent on the necessary officials’ approval.

Loh indicated a “flurry of GCB action from Dec2K20, by having a minimum of 15 GCBs settled at a total amount of greater than $5hundred 32 million”.

“A few notable GCB sales during the last two mths involve Five Swettenham Close at S$ 2.893K per square ft on land, 14 Cluny Hill at S$ 2,315 psf on land, and even 1 Chatsworth Park at S$ 2,082 per square ft on ground area,” Loh reported.

The offer for Queen Astrid Gardens concludes on 31March.

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