The 999-year leasehold, four-storey condominium comprises 16 residential units and sits on the Queen Astrid Park Good Class Bungalow Area (GCBA)

Queen Astrid Gardens Up For En Bloc Sale

Residential growth Queen Astrid Gardens has actually been launched for cumulative sale for an overview price of $126.8 million or $2,037 per sq ft on land area, exposed unique advertising representative Knight Frank Singapore.

The 999-year leasehold, the four-storey condominium comprises 16 property systems as well as sits on the Queen Astrid Park Good Course Bungalow Area (GCBA), with dimensions ranging between 224 sq m and 239 sq m. Delighting in over 100 meters frontage onto Queen Astrid Gardens, the growth has a site location of 5,782.6 sq m (62,243 sq ft) near the Jadescape and The Ryse Residences.

Knight Frank kept in mind that the advancement sits on a raised premises and also is potentially the highest point within the area, while the website is “one of the most prominent GCB enclaves among the 39 gazetted GCBAs in Singapore”.

Other than the capacity of maintaining its present use as apartments, the site likewise permits it to be subdivided up to 4 GCB parcels, or for the construction of a solitary mansion, subject to the appropriate authorities’ approval.

“Queen Astrid Gardens presents opportunities for possible customers looking to develop a family members estate as well as leave a long-lasting tradition,” claimed Ian Loh, Head of Funding Markets for Land & Building, Collective & Strata Sales, Knight Frank Singapore.

He revealed that there are just about 2,800 GCBs within Singapore’s 39 guarded GCBAs. The last GCB deal within Area 10 was for over 60,000 sq ft of land in June 2015.

“With a very restricted supply, GCBs with good features such as regular-shaped land and also elevated premises typically regulate good costs over various other GCBs. With the alternative for subdivision right into several GCBs, the asset is an especially appealing recommendation for home-seekers or capitalists trying to find additional wealth preservation possibility, over the long term,” he added.

The tender for Queen Astrid Gardens closes on 7 October.

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