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

Queen Astrid Gardens, a 4 floor residential property, has recently been relaunched for collective sale, by having the property owners foreseing offers over the $123.8 million reserve value or approximately $1,989 psf on the property area, exposed special marketing and advertising representative Knight Frank SGP.

Parc Central Residences condominium

Located in the Queen Astrid Park GCBA, the 999-year rental condominium sits a 5,782.6 square m location and also was once offered for $126.8 mil in Sept 2K20.

The property constitutes sixteen domestic suites computing within Two hundred Twenty Four sq meter and Two hundred Thirty Nine square m. Nestled on higher premises, the development takes pleasure in excess of hundred metres frontage toward Queen Astrid Gardens.

“Queen Astrid Gardens presents opportunities for potential homebuyers wanting to create a substantial household landed estate as well as keep a long-term tradition. The various redevelopment alternatives offer an appealing suggestion for home-seekers also capitalists searching additional assets preservation capacity,” mentioned Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank Singapore.

Knight Frank noted that the prospective client can save its current use as houses, rebuild it into a single residence or split it in to right up to four good class bungalow piece of lands, dependent on the essential specialists’ approval.

Ian considered a “spurt of GCB activeness from December ’20, by having at least fifteen good class bungalows dealt at a total amount of beyond $5hundred 32 mil”.

“Several notable good class bungalow sales within the previous two calendar months such as Five Swettenham Close at S$ 2,893 psf on ground area, Fourteen Cluny Hill at S$ 2,315 psf on land, and One Chatsworth Park at S$ 2,082 per sq foot on land,” he mentioned.

The tender for Queen Astrid Gardens concludes on 31March.

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