Elizabeth Towers up for collective sale for $630mil
Elizabeth Towers located at Mount Elizabeth throughout Orchard Rd has actually gotten put up for en-bloc, with a set aside deal of $6hundred 30 mil, disclosed main advertising representative Edmund Tie.
The cost, in which takes into account the 7 percent additional patio space, figures out to a “persuasive land figure” of roughly $Two thousand Four hundred per sq ft per plot ratio.
Having an area of Fifty Four thousand Three hundred Seventeen point Nine square feet, the rental free location in District Nine covers a rare edge patch. It is sector for non commercial usage following the ’19 Master Plan including a building peak of approximately 36 storeys.
Edmund Tie noticed that the ground might be rebuilt “as high as its affirmed existing gross floor area of Two hundred Fifty Two thousand Four hundred Thirty Eight square feet or lot proportion Four point Six Five”.
A five-minute stroll to Orchard and Somerset MRT stations, the ground is close to various amenities including Taka, ION Orchard, Paragon, The American Club, TC, Mt Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill including S’pore Botanic Gardens.
The ACS (Junior) is in less than an One km radius, whilst SMPS, St Joseph’s Institution Junior as well as S’pore Chinese Girls’ School are within 2 kilometers via the location.
With this, the advertising and marketing agent looks forward to “remarkably intense curiosity” equally coming from regional and abroad property developers.
” Elizabeth Towers indulges in an exceptional place nestled in the distinguished Mt E residence area at the core of the Orchard Rd shopping plus lifestyle hub, offering the finest of satisfaction and also exclusivity,” announced Swee S.F., ED of Investment Advisory at Edmund Tie.
” This plot is a gold corner lot offering the rewarding prospective buyer an uncommon venture to produce an ultra-luxury home building in the core of Orchard Rd.”
The bidding for Elizabeth Twrs ends on 15Dec.