Elizabeth Towers up for collective sale for $630mil
Elizabeth Towers situated at Mt E throughout Orchard Road has gotten put together for cumulative sale, by having a reserve figure of $6hundred 30 million, reported sole promotion and marketing specialist Edmund Tie.
The price, which includes the Seven % added bonus porch area, calculates to a “compelling property price” of nearly $Two thousand Four hundred per square ft ppr.
Having an area of Fifty Four thousand Three hundred Seventeen point Nine square foot, the free from lease site in District Nine inhabits a rare corner piece. It is reserved for residence purpose under the 2019 Master Plan including a structure peak of approximately Thirty Six levels.
Edmund Tie considered that the plot might possibly be redeveloped “as high as its verified existing GFA of 252,438 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 services including NAC, ION Orchard, Paragon, The American Club, TC, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill and even Singapore Botanic Gardens.
The Anglo Chinese School (Jr) is in less than a 1km distance, whereas SMPS, St Joseph’s Institution Junior and S’pore Chinese Girls’ Sch are within 2km from the site.
With this perk, the advertising rep foresees “very keen involvement” both from regional including overseas property developers.
” Elizabeth Towers takes pleasure in a distinct spot situated in the famous Mt E home area inside the core of the Orchard Road shopping and lifestyle center, offering the ideal of comfort and also exclusivity,” said Swee S.F., Executive Dir of Investment Advisory at Edmund Tie.
” This plot is a winning edge piece offering the triumphant prospective buyer an infrequent chance to develop an ultra upscale non commercial building in the center of Orchard Rd.”
The bidding for Elizabeth Towers wraps up on 15December.