Savills handles Queen Astrid Park sale

Savills Prestige Homes is handling the sale of a Good Class Bungalow (GCB) land in the Queen Astrid Park area by expression of interest.

“The area is the favoured address and home to a number of foreign dignitaries and families from Singapore’s distinguished list of rich and famous,” said Mr Steven Ming, head of investment sales and prestige homes for Savills Singapore.

The elevated freehold GCB redevelopment site measures 25,438 sq ft and is a short drive away from Holland Village and Sixth Avenue. With a wide frontage, the potential buyer can design and construct a home with a panoramic view of the entire estate.

The indicative price guide for the site is $19 million. The expression of interest exercise closes on April 11.

This is the third GCB land parcel that Savills Prestige Homes has put up for sale. It handled the sale of the land parcel at 20 Astrid Hill and 26B Queen Astrid Park, which sold for $13.6 million and $10.7 million, respectively.

Source: Weekend Today, 03 March 2007

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