Elizabeth Towers up for collective sale for $630mil

Elizabeth Towers positioned at Mt Elizabeth among Orchard Road has gotten put up for cumulative sale, with a conserve rate of $6hundred 30 million, disclosed sole advertising professional Edmund Tie.

The value, that includes the 7 percentage bonus balcony area, formulates to a “persuasive property price” of approximately $2,400 per sq ft per PR.

Carrying a surface area of Fifty Four thousand Three hundred Seventeen point Nine sq ft, the free from lease ground in District Nine possesses a rare corner land. It is reserved for residence use beneath the ’19 Master Plan including a structure peak of until 36 storeys.

Edmund Tie considered that the plot might perhaps be rebuilt “as much as its affirmed latest gross floor area of Two hundred Fifty Two thousand Four hundred Thirty Eight square foot or land proportion Four point Six Five”.

A five minute walk to Orchard and Somerset Mass Rapid Transit terminals, the plot is nearby several amenities including NAC, ION Orchard, Paragon, The American Club, Tanglin Club, Mt Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill and also SGP Botanic Gardens.

The ACS (Jr) is within a 1km radius, while at the same time St Margaret’s Primary School, SJIJ and also SCGS are within 2 kilometers from the plot.

Dairy Farm Residences Price

Utilizing this, the promoting and marketing professional foresees “very earnest attention” either coming from regional including abroad builders.

” Elizabeth Towers takes pleasure in an exceptional place snugged in the renowned Mount Elizabeth residential enclave within the center of the Orchard Rd retail plus life-style hub, providing the best of practicality also exclusivity,” explained Swee S.F., Exec Dir of Investment Advisory at Edmund Tie.

” This plot is a trophy edge parcel using the successful bidder an unusual possibility to design an ultra-luxury housing spots in the core of Orchard Road.”

The offer for Elizabeth Towers wraps up on 15 Dec.

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