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

Queen Astrid Gardens, a four floor housing development, has recently been relaunched for collective sale, with the home owners anticipating proposals beyond the $123.8 million retain rate or around $1,989 per square foot on the property area, disclosed exclusive promotion and marketing agent Knight Frank S’pore.

Located among the Queen Astrid Park Good Class Bungalow Area, the 999-year lease condo covers a 62.243K square foot area and was actually formerly sold for $126.8 mil in Sept ’20.

The property development consists of sixteen residential flats span between 2411.12 square ft and 239 sq m. Nestled on heightened premises, it delights in more than 100 metres frontage onto Queen Astrid Gardens.

Provence Residence condominium

“Queen Astrid Gardens lays prospects for potential customers aiming to establish a sizable family members landed estate in order to remain an enduring tradition. The numerous reconstruction opportunities deliver an enticing presentation for investors and even home owners hunting for extra assets preservation opportunity,” pointed out Ian Loh, Head of Capital Markets for L&B, Collective & Strata Sales, Knight Frank Singapore.

Knight Frank considered that the future customer is able to keep its present use as apartments, rebuild it into an individual manor or subdivide it into approximately 4 good class bungalow parcels, subject to the pertinent specialists’ endorsement.

Ian kept in mind a “fluster of GCB action since December’20, by having at least 15 good class bungalows clinched at a total amount of more than $Five hundred Thirty Two mil”.

“Various remarkable GCB exchanges during the last two calendar months involve 5 Swettenham Close at S$ 2.893K psf on land, Fourteen Cluny Hill at S$ 2.315K per square foot on ground area, and 1 Chatsworth Park at S$ 2.082K per square ft on ground area,” Ian mentioned.

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


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