Elizabeth Towers up for collective sale for $630mil
Elizabeth Towers positioned at Mount E inside Orchard Road has recently been put up for en-bloc, by having a conserve price of $Six hundred Thirty mil, shared exclusive promoting and marketing agent Edmund Tie.
The figure, in which considers the Seven percentage bonus balcony spot, figures out to a “convincing land premium” of around $Two thousand Four hundred psf ppr.
Having a surface area of Fifty Four thousand Three hundred Seventeen point Nine sq ft, the lease free land in Area Nine possesses a rare edge patch. It is sector for residence benefit beneath the 2K19 Master Plan by having a property altitude of as much as Thirty Six levels.
Edmund Tie noted in which the site might perhaps be redeveloped “right up to its affirmed existing GFA of 252,438 square feet or piece proportion 4.65”.
A 5 minute walk to Orchard as well as Somerset Mass Rapid Transit stations, the plot is near several amenities consisting of Taka, ION Orchard, Paragon, TAC, Tanglin Club, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill and also SGP Botanic Gardens.
The Anglo Chinese Sch (Jr) is within a 1km radius, while SMPS, St Joseph’s Institution Jr as well as SCGS are within 2km via the plot.
By having this, the marketing representative forecasts “extremely avid attention” either from regional as well as foreign builders.
” Elizabeth Towers appreciates an extraordinary spot snuggled in the famous Mt Elizabeth housing area at the center of the Orchard Road shopping plus way of life hub, using the greatest of convenience and also exclusivity,” mentioned Swee S.F., Executive Dir of Inv Advisory at Edmund Tie.
” This is a gold edge plot presenting the triumphant prospective buyer an unique chance to generate an ultra-luxury non commercial spots in the heart of Orchard Road.”
The tender for Elizabeth Towers ceases on 15 Dec.