{"id":118463,"date":"2020-09-03T10:15:44","date_gmt":"2020-09-03T03:15:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/queen-astrid-gardens-up-for-en-bloc-sale-owners-expect-126-8mil-for-gcba-site\/"},"modified":"2020-09-03T20:04:19","modified_gmt":"2020-09-03T13:04:19","slug":"queen-astrid-gardens-up-for-en-bloc-sale-owners-expect-126-8mil-for-gcba-site","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/queen-astrid-gardens-up-for-en-bloc-sale-owners-expect-126-8mil-for-gcba-site\/","title":{"rendered":"Queen Astrid Gardens up for en bloc sale, owners expect $126.8mil for GCBA site"},"content":{"rendered":"


\nThe 999-year leasehold, four-storey condominium comprises 16 residential units and sits on the Queen Astrid Park Good Class Bungalow Area (GCBA). Photo: Knight Frank Pte Ltd.
\nResidential development Queen Astrid Gardens has been launched for collective sale for a guide price of $126.8 million or $2,037 per sq ft on land area, revealed exclusive marketing agent Knight Frank Singapore.
\nThe 999-year leasehold, four-storey condominium comprises 16 residential units and sits on the Queen Astrid Park Good Class Bungalow Area (GCBA),\u00a0with sizes ranging between 224 sq m and 239 sq m. Enjoying over 100 metres frontage onto Queen Astrid Gardens, the development has a site area of 5,782.6 sq m (62,243 sq ft).
\nKnight Frank noted that the development sits on an elevated grounds and is possibly the highest point within the locality, while the site is \u201cone of the most prestigious GCB enclaves among the 39 gazetted GCBAs in Singapore\u201d.
\nAside from the potential of retaining its present use as apartments, the site also allows for it to be subdivided up to four GCB parcels, or for the construction of a single mansion, subject to the relevant authorities\u2019 approval.
\n\u201cQueen Astrid Gardens poses opportunities for potential buyers looking to create a family estate and leave an enduring legacy,\u201d said Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank Singapore.
\nHe revealed that there are only around 2,800 GCBs within Singapore\u2019s 39 safeguarded GCBAs. The last GCB transaction within District 10 was for over 60,000 sq ft of land in June 2015.
\nSuggested read:\u00a0Good Class Bungalows: The Creme De La Creme of Singapore Homes
\n\u201cWith a very limited supply, GCBs with favourable attributes such as regular-shaped land and elevated grounds usually command good premiums over other GCBs. With the option for subdivision into several GCBs, the asset is an especially attractive proposition for home-seekers or investors looking for further wealth preservation potential, over the long term,\u201d he added.
\nThe tender for Queen Astrid Gardens closes on 7 October.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Queen Astrid Gardens up for en bloc sale, owners expect 6.8mil for GCBA site<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 999-year leasehold, four-storey condominium comprises 16 residential units and sits on the Queen Astrid...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-118463","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uOH","jetpack-related-posts":[{"id":91209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-most-searched-condos-for-sale-in-may\/","url_meta":{"origin":118463,"position":0},"title":"5 most searched condos for sale in May","date":"June 12, 2018","format":false,"excerpt":"\r The prestigious Marina One integrated development features luxury residences, Grade A offices and 140,000 sq ft of retail space. (Photo: M+S Pte Ltd) A 65,000 sq ft biodiversity garden, Singapore\u2019s longest man-made river and kitchenware designed by Porsche. These are just some of the notable features of the most\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/06\/Facade-of-dLeedon.jpg?fit=739%2C636&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":69748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mayfair-gardens-up-for-en-bloc-sale-at-265m\/","url_meta":{"origin":118463,"position":1},"title":"Mayfair Gardens up for en bloc sale at $265m","date":"October 23, 2017","format":false,"excerpt":"\r The asking price works out to a land rate of around $1,058 psf per plot ratio. (Photo: Knight Frank) Mayfair Gardens off Dunearn Road has been launched for collective sale, with the owners expecting offers above the reserve price of $265 million, according to marketing agent Knight Frank. Built\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/doctor-buys-geylang-condo-in-26-million-en-bloc-sale\/","url_meta":{"origin":118463,"position":2},"title":"Doctor buys Geylang condo in $26 million en bloc sale","date":"December 5, 2019","format":false,"excerpt":"\r \u00a0 Kwong Wai Shiu Hospital, the owner of Leshan Gardens\u00a0condominium in Geylang, has sold the freehold property en bloc to an unnamed ear, nose, throat specialist for $26.28 million on a 104-year lease, reported The Business Times. The price, which\u00a0includes a $2.35 million development charge, works out to around\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72291,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-acquires-mayfair-gardens-for-311mil\/","url_meta":{"origin":118463,"position":3},"title":"Oxley acquires Mayfair Gardens for $311mil","date":"November 20, 2017","format":false,"excerpt":"\r Mayfair Gardens is a 99-years leasehold development located at 2 Rifle Range Road, a 4-storeys development that comprises 124 units. (Photo: Knight Frank) Oxley Holdings Ltd, via its subsidiary Citrine Property Pte Ltd, has acquired Mayfair Gardens for $311 million, said marketing agent Knight Frank. With an additional lease\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77926,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/12onshan-up-for-sale-by-tender\/","url_meta":{"origin":118463,"position":4},"title":"12onShan up for sale by tender","date":"January 25, 2018","format":false,"excerpt":"\r 12onShan, a high-rise serviced apartment in Novena, has been launched for sale by tender, revealed marketing agents Knight Frank and Savills. Set to obtain Temporary Occupation Permit (TOP) in Q2 2018, the 16-storey development comprises 78 serviced apartments with 99 rooms. Apartment sizes range between 28 sq m and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/normanton-park-sold-for-830-1m-or-969-psf-ppr\/","url_meta":{"origin":118463,"position":5},"title":"Normanton Park sold for $830.1m, or $969 psf ppr","date":"October 6, 2017","format":false,"excerpt":"\r This is the highest land rate achieved for a 99-year leasehold collective sale site this year. (Photo: Knight Frank) The Normanton Park condominium located off Ayer Rajah Expressway has been sold collectively to Kingsford Huray Development for $830.1 million, marketing agent Knight Frank said on Thursday (5 October). It\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118463"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=118463"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118463\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}