Queen Astrid Gardens launches collective sale, $126.8m guide price for huge good class bungalow land

The proprietors of Queen Astrid Gardens have propelled their property for collective sale. Putting available a land bundle in the correct area and size to conceivably construct four good class bungalows (GCBs).

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The site exists in the restrictive Queen Astrid Park GCB zone. And accompanies a guide price of $126.8 million. Which means roughly $2,037 per square foot of land territory. However, selective promoting operator Knight Frank Singapore said on Wednesday (Sept 2).

Queen Astrid Gardens

Mr. Ian Loh, Knight Frank Singapore’s head of capital business sectors for land and building, collective and layers sales, said the site “presents open doors for potential purchasers hoping to make a family domain and leave a suffering heritage”.

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The 999-year leasehold site traverses 5,783 sq m or 62,243 sq ft. The possible purchaser can manufacture a solitary manor or partition it for up to four GCB packages, subject to endorsement by the pertinent specialists, said Knight Frank Singapore.

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Queen Astrid Gardens launches

Mr Loh noticed that there are just around 2,800 GCBs in the 39 GCB Areas in Singapore. And also the last GCB sale of land more than 60,000 sq ft in District 10. Where the Queen Astrid Gardens site is found, was in 2015.

The property sits on raised grounds and is potentially the most noteworthy point in the area. it’s said the office, including that it additionally has a liberal facade of more than 100m onto Queen Astrid Gardens street.

“With a restricted gracefully, GCBs with ideal characteristics, for example, ordinary molded land and raised grounds typically order good premiums over different GCBs,” said Mr Loh.

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“With the alternative for region into a few GCBs, the advantage is a particularly appealing suggestion for home searchers or speculators searching for additional riches conservation potential over the long haul.”

Inherent 1989, Queen Astrid Gardens townhouse is a four-story improvement containing 16 condos going from 224 sq m to 239 sq m.

The proprietors remain to take $7.8 million to $8.06 million each, in view of the guide price for the property.

The delicate for Queen Astrid Gardens will close on Oct 7 at 3pm.

Read more: HBD resale transaction down

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