Elizabeth Towers up for collective sale for $630mil
Elizabeth Towers found at Mount E throughout Orchard Rd has been put up for en-bloc, by having a set aside figure of $630 mil, made known exclusive promoting and marketing specialist Edmund Tie.
The value, which includes the 7 percent bonus balcony spot, figures out to a “persuasive land rate” of approximately $2,400 psf per PR.
Holding an area of Fifty Four thousand Three hundred Seventeen point Nine square foot, the lease free land in District 9 inhabits an infrequent edge lot. It is sectioned for non commercial benefit within the 2K19 Master Plan by having a property height of approximately Thirty Six levels.
Edmund Tie observed such the site might possibly be redeveloped “approximately its affirmed existing gross floor space of Two hundred Fifty Two thousand Four hundred Thirty Eight square feet or plot proportion Four point Six Five”.
A five-minute walk to Orchard also Somerset MRT stations, the site is close to multiple conveniences including Ngee Ann City, ION Orchard, Paragon, The American Club, TC, Mount Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill and SGP Botanic Gardens.
The ACS (Jr) is in less than a 1km radius, whilst SMPS, St Joseph’s Institution Jr as well as SCGS are actually within Two kilometers via the site.
With this perk, the marketing and advertising agent foresees “incredibly earnest interest” equally coming from regional and even abroad builders.
” Elizabeth Twrs takes joy in a distinct site snugged in the prestigious Mt E residential territory in the middle of the Orchard Road retail plus life-style hub, providing the greatest of convenience also exclusivity,” announced Swee S.F., ED of Financial Investment Advisory at Edmund Tie.
” This particular is a winning corner ground offering the triumphant prospective buyer a rare possibility to generate an ultra-luxury housing landmark in the heart of Orchard Road.”
The tender for Elizabeth Towers closes on 15 December.