Elizabeth Towers up for collective sale for $630mil
Elizabeth Twrs situated at Mt E among Orchard Road has gotten put together for cumulative sale, with a set aside cost of $Six hundred Thirty million, revealed main promoting and marketing rep Edmund Tie.
The figure, that includes the 7 % bonus offer porch spot, solves to a “convincing property estimate” of nearly $2,400 per sq foot per plot ratio.
Holding a surface area of Fifty Four thousand Three hundred Seventeen point Nine square foot, the lease free location in District Nine occupies an infrequent edge patch. It is sector for residence usage beneath the ’19 Master Plan by having a property peak of as high as Thirty Six storeys.
Edmund Tie recorded in which the location might probably be rebuilt “up to its confirmed existing GFA of 252thousand 4hundred 38 square feet or ground scale Four point Six Five”.
A five-minute stroll to Orchard and Somerset MRT stations, the plot is close multiple conveniences consisting of Taka, ION Orchard, Paragon, The American Club, Tanglin Club, Mt Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill and S’pore Botanic Gardens.
The Anglo Chinese Sch (Jr) is within a 1km distance, whilst SMPS, SJIJ and also Singapore Chinese Girls’ Sch are within 2km from the site.
Utilizing this, the advertising rep predicts “really avid attention” both coming from regional plus foreign property developers.
” Elizabeth Twrs relishes an extraordinary locality situated in the respected Mount Elizabeth non commercial area at the core of the Orchard Road retail and way of living hub, supplying the optimal of satisfaction also exclusivity,” stated Swee Shou Fern, Exec Director of Inv Advisory at Edmund Tie.
” This is a trophy corner ground using the rewarding bidder an unique business opportunity to generate an ultra-luxury home landmark in the heart of Orchard Road.”
The offer for Elizabeth Towers closes on 15December.