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

Queen Astrid Gardens, a four floor domestic property, has recently been brought out again for en bloc, with the homeowners looking forward to offers over the $123.8 mil retain figure or approximately $1,989 psf on the acreage, communicated privileged promotion and marketing agent Knight Frank S’pore.

Situated in the Queen Astrid Park Good Class Bungalow Area, the 999 years lease condo inhabits a 5,782.6 square m site and also was earlier released on the market for $126.8 mil in Sept 2020.

Avenue South Residence condominium

The property development comprises 16 non commercial homes measuring between 224 square m and 2572.57 sq foot. Nestled on heightened grounds, it enjoys greater than hundred metres frontal onto Queen Astrid Gardens.

“Queen Astrid Gardens lays opportunities for potential buyers looking to construct a large family group estate and also keep a long-lasting tradition. The numerous rebuilding alternatives deliver an alluring recommendation for home owners as well as real estate investors finding more assets preservation opportunity,” explained Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank SGP.

Knight Frank considered that the prospective buyer is able to hold on to its current usage as houses, reconstruct it into a single villa or split it in to around four good class bungalow parcels, conditional on the necessary specialists’ endorsement.

Ian considered a “fluster of good class bungalow activeness ever since December 2K20, by having a minimum of 15 GCBs clinched at a total amount of beyond $532 million”.

“A number of significant GCB deals in the previous 2 months involve 5 Swettenham Close at S$ 2.893K per sq ft on ground area, 14 Cluny Hill at S$ 2,315 per sq ft on land, together with 1 Chatsworth Park at S$ 2.082K per sq foot on ground area,” he reported.

The bid for Queen Astrid Gardens wraps up on 31Mar.


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