Elizabeth Towers up for collective sale for $630mil
Elizabeth Towers located at Mount Elizabeth inside of Orchard Rd has recently been made for enbloc, with a conserve cost of $Six hundred Thirty mil, shared exclusive advertising representative Edmund Tie.
The value, in which considers the Seven percentage bonus offer porch area, solves to a “persuasive property estimate” of around $2,400 psf per plot ratio.
Holding an area of 54thousand 3hundred 17.9 sq ft, the lease free plot in District 9 possesses an infrequent edge plot. It is sector for home usage following the 2K19 Master Plan with a structure altitude of as much as 36 storeys.
Edmund Tie indicated that the location might possibly be redeveloped “as much as its verified current gross floor space of 252,438 square feet or land scale Four point Six Five”.
A five min stroll to Orchard and Somerset Mass Rapid Transit stations, the plot is in close proximity to a variety of features including Ngee Ann City, ION Orchard, Paragon, The American Club, Tanglin Club, Mt Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill as well as Singapore Botanic Gardens.
The Anglo Chinese School (Jr) is within a 1km distance, while St Margaret’s Primary School, SJIJ as well as SCGS are in less than Two km via the plot.
Utilizing these perk, the advertising and marketing representative anticipates “extremely intense interest” simultaneously from regional plus offshore real estate investors.
” Elizabeth Twrs takes pleasure in a remarkable locality situated in the prestigious Mt E housing area within the heart of the Orchard Road retail and life style hub, offering the greatest of ease and also exclusivity,” explained Swee S.F., Exec Dir of Investment Advisory at Edmund Tie.
” This is a winning corner land offering the rewarding bidder an unusual chance to develop a super deluxe residential building in the middle of Orchard Road.”
The offer for Elizabeth Towers wraps up on 15Dec.