Queen Astrid Gardens, a four-storey residential growth, has been relaunched for cumulative sale, with the proprietors expecting offers over the $123.8 million book price or around $1,989 per sq ft (psf) on the land area, revealed unique advertising agent Knight Frank Singapore.
Found within the Queen Astrid Park Good Class Cottage Location (GCBA), the 999-year leasehold condominium occupies a 5,782.6 sq m (62,243 sq ft) website as well as was formerly offered for $126.8 million in September last year.
The advancement comprises 16 residential apartments or condos measuring between 224 sq m and also 239 sq m. Nestled on elevated grounds, it takes pleasure in more than 100 meters frontage onto Queen Astrid Gardens.
“Queen Astrid Gardens positions possibilities for possible customers aiming to create a huge family members estate and leave an enduring legacy. The several redevelopment alternatives present an eye-catching proposal for home-seekers and also financiers searching for further wide range preservation capacity,” said Ian Loh, Head of Resources Markets for Land & Structure, Collective & Strata Sales, Knight Frank Singapore.
Knight Frank kept in mind that the possible buyer can retain its current use as an apartment or condo, redevelop it into a solitary mansion or partition it right into as much as 4 GCB parcels, based on the relevant authorities’ approval.
Loh kept in mind a “flurry of GCB task given that December 2020, with a minimum of 15 GCBs negotiated at a total of greater than $532 million”.
“Some noteworthy GCB transactions in the last 2 months consist of 5 Swettenham Close at S$ 2,893 psf ashore, 14 Cluny Hill at S$ 2,315 psf ashore, and 1 Chatsworth Park at S$ 2,082 psf ashore,” he claimed.
The tender for Queen Astrid Gardens closes on 31 March.
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