Elizabeth Towers up for collective sale for $630mil

Elizabeth Towers based at Mt E within Orchard Rd has recently gotten made for en-bloc, with a set aside price of $6hundred 30 million, disclosed exclusive advertising and marketing professional Edmund Tie.

The rate, that takes into consideration the 7 percent additional balcony area, formulates to a “convincing land estimate” of nearly $2,400 psf per PR.

Holding an area of Fifty Four thousand Three hundred Seventeen point Nine sq ft, the freehold site in District Nine utilizes an uncommon corner patch. It is sectioned for home benefit within the 2019 Master Plan with a building height of up to 36 levels.

Edmund Tie noted that the site might possibly be redeveloped “up to its validated current gross floor area of 252,438 sq ft or land proportion Four point Six Five”.

A five-minute walk to Orchard also Somerset MRT terminals, the site is nearby numerous amenities consisting of Taka, ION Orchard, Paragon, The American Club, Tanglin Club, Mt Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill and also Singapore Botanic Gardens.

The M Price

The ACS (Jr) is in less than an One kilometre radius, whereas SMPS, St Joseph’s Institution Junior as well as Singapore Chinese Girls’ School are actually within 2 km via the ground.

By having this, the promotion and marketing representative looks forward to “extremely intense enthusiasm” simultaneously coming from local plus foreign property developers.

” Elizabeth Twrs indulges in an exceptional place snugged in the prominent Mount E non commercial area at the middle of the Orchard Rd retail and way of life hub, presenting the best of convenience and also exclusivity,” shared Swee S.F., ED of Investment Advisory at Edmund Tie.

” This particular is a trophy corner plot delivering the triumphant prospective buyer an unique business opportunity to produce an ultra-luxury housing building in the center of Orchard Road.”

The bidding for Elizabeth Twrs ceases on 15Dec.

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