Elizabeth Towers up for collective sale for $630mil
Elizabeth Towers positioned at Mount Elizabeth within Orchard Rd has actually been made for en-bloc, with a conserve figure of $Six hundred Thirty million, made known single marketing professional Edmund Tie.
The deal, that takes into account the 7 percent additional patio spot, calculates to a “persuasive land price” of around $2,400 psf per PR.
Carrying an area of 54,317.9 sq ft, the lease free ground in District Nine inhabits an unusual corner plot. It is reserved for home use beneath the 2K19 Master Plan with a building peak of up to 36 storeys.
Edmund Tie noticed in which the plot might perhaps be reconstruct “as high as its affirmed existing GFA of Two hundred Fifty Two thousand Four hundred Thirty Eight square feet or land proportion Four point Six Five”.
A 5 min walk to Orchard and also Somerset MRT terminals, the site is near different services such as NAC, ION Orchard, Paragon, The American Club, Tanglin Club, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill and even SGP Botanic Gardens.
The Anglo Chinese School (Junior) is in less than a 1 kilometre distance, while SMPS, St Joseph’s Institution Jr as well as S’pore Chinese Girls’ School are within 2 km from the ground.
By having this advantages, the marketing and advertising representative expects “very anxious curiosity” either from regional also international developers.
” Elizabeth Towers takes joy in an exceptional site snuggled in the reputable Mt E home area at the center of the Orchard Road retail and also way of living hub, delivering the best of ease and also exclusivity,” explained Swee Shou Fern, ED of Investment Advisory at Edmund Tie.
” This is a winning edge land supplying the rewarding bidder an unique business opportunity to design an extremely luxury home building in the middle of Orchard Road.”
The offer for Elizabeth Towers wraps up on 15December.