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

Queen Astrid Gardens, a 4 storey household property, has recently been rolled out once more for en-bloc, with the home owners expecting deals greater than the $123.8 mil reserve rate or close to $1.989K per sq foot on the acreage, revealed special marketing rep Knight Frank S’pore.

Located within the Queen Astrid Park Good Class Bungalow Area, the 9hundred 99 years lease condo covers a 62,243 square foot spot and also was actually formerly sold for $126.8 million in Sept previous yr.

Normanton Park condominium

The development makes up 16 domestic suites size between 224 sq meter and 2572.57 sq foot. Nestled on elevated grounds, it relishes greater than one hundred metres building front toward Queen Astrid Gardens.

“Queen Astrid Gardens lays possibilities for potential homebuyers seeking to build a large family landed estate and even remain an enduring tradition. The multiple redevelopment alternatives introduce a captivating plan for home buyers as well as real estate investors looking out for further wealth preservation capacity,” shared Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank SGP.

Knight Frank noted that the future investor can maintain its existent use as flats, rebuild it into an individual residence or separate it into right up to 4 good class bungalow piece of lands, subject to the appropriate specialists’ validation.

Loh kept in mind a “outbreak of GCB action ever since December 2020, with a minimum of fifteen good class bungalows negotiated at a sum of beyond $Five hundred Thirty Two million”.

“A few notable GCB deals during the last 2 calendar months consist of 5 Swettenham Close at S$ 2.893K psf on ground area, 14 Cluny Hill at S$ 2,315 psf on land, plus 1 Chatsworth Park at S$ 2,082 psf on ground area,” he stated.

The tender for Queen Astrid Gardens ceases on 31 March.

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