Elizabeth Towers up for collective sale for $630mil
Elizabeth Towers positioned at Mt E within Orchard Road has actually gotten set up for cumulative sale, with a conserve rate of $Six hundred Thirty million, reported main promotion and marketing specialist Edmund Tie.
The cost, that takes into consideration the Seven percentage reward balcony space, works out to a “compelling property estimate” of roughly $2.4K per square foot per PR.
With a surface area of 54,317.9 square feet, the freehold land in Area Nine possesses an unique corner patch. It is sectioned for housing usage within the 2019 Master Plan by having a constructing peak of up to 36 levels.
Edmund Tie recorded that the location might perhaps be rebuilt “up to its justified current gross floor area of 252,438 sq ft or lot ratio 4.65”.
A five-minute stroll to Orchard and also Somerset MRT stations, the ground is nearby several facilities consisting of Taka, ION Orchard, Paragon, The American Club, TC, Mt Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill also SGP Botanic Gardens.
The ACS (Junior) is within a 1km distance, while at the same time SMPS, SJIJ and also Singapore Chinese Girls’ School are in less than 2km via the location.
With this conveniences, the promotion and marketing rep anticipates “remarkably intense enthusiasm” equally from local and even international developers.
” Elizabeth Twrs takes joy in a distinct location situated in the famous Mt E home enclave inside the center of the Orchard Road retail and way of life center, offering the greatest of comfort as well as exclusivity,” claimed Swee S.F., Exec Dir of Financial Investment Advisory at Edmund Tie.
” This particular is a trophy edge piece supplying the triumphant bidder an unusual chance to produce an ultra-luxury housing building in the heart of Orchard Rd.”
The offer for Elizabeth Towers wraps up on 15Dec.