Elizabeth Towers up for collective sale for $630mil
Elizabeth Twrs positioned at Mt E inside of Orchard Rd has recently gotten made for combined sale, with a conserve value of $630 mil, reported exclusive advertising specialist Edmund Tie.
The pricing, that takes into consideration the Seven percent additional patio spot, calculates to a “convincing property estimate” of nearly $2thousand 4hundred per square ft per PR.
With a surface area of 54,317.9 sq ft, the freehold location in Area Nine utilizes an unique edge land. It is sector for housing usage beneath the 2019 Master Plan with a constructing height of up to Thirty Six levels.
Edmund Tie observed that the location might probably be reconstruct “until its confirmed current gross floor area of Two hundred Fifty Two thousand Four hundred Thirty Eight sq ft or piece proportion Four point Six Five”.
A 5 min walk to Orchard as well as Somerset MRT stations, the site is nearby numerous amenities such as Ngee Ann City, ION Orchard, Paragon, The American Club, TC, Mount Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill including Singapore Botanic Gardens.
The ACS (Junior) is within a 1km radius, whilst SMPS, SJIJ and SCGS are in less than 2km from the ground.
Utilizing this, the promotion and marketing rep projects “incredibly keen curiosity” simultaneously from local furthermore overseas builders.
” Elizabeth Twrs takes joy in a distinct location snuggled in the renowned Mt E housing territory within the middle of the Orchard Rd retail plus life-style hub, using the best of practicality also exclusivity,” stated Swee Shou Fern, Exec Dir of Inv Advisory at Edmund Tie.
” This plot is a winning edge piece delivering the triumphant bidder an unusual business opportunity to put together an ultra-luxury residence site in the center of Orchard Rd.”
The offer for Elizabeth Twrs concludes on 15December.