Elizabeth Towers up for collective sale for $630mil
Elizabeth Twrs based at Mount E inside of Orchard Road has recently been set up for enbloc, with a set aside deal of $Six hundred Thirty mil, revealed main advertising and marketing rep Edmund Tie.
The price, in which takes into consideration the Seven percent bonus offer balcony spot, formulates to a “persuasive land rate” of around $2.4K per square foot ppr.
Holding an area of 54,317.9 square foot, the lease free plot in District 9 possesses an infrequent corner land. It is sector for residence benefit beneath the 2K19 Master Plan by having a building altitude of as high as 36 storeys.
Edmund Tie noticed such the location may be reconstruct “as high as its confirmed latest GFA of 252,438 square foot or lot proportion Four point Six Five”.
A five-minute stroll to Orchard and also Somerset Mass Rapid Transit stations, the location is close different features consisting of NAC, ION Orchard, Paragon, The American Club, Tanglin Club, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill and S’pore Botanic Gardens.
The Anglo Chinese School (Junior) is within a 1km radius, while SMPS, SJIJ and also S’pore Chinese Girls’ Sch are actually in less than 2km via the plot.
By having these strength, the marketing and advertising professional predicts “highly keen involvement” simultaneously from local including overseas builders.
” Elizabeth Towers takes pleasure in a distinct location snugged in the respected Mount E residential territory in the core of the Orchard Rd shopping and also life style hub, presenting the ideal of convenience as well as exclusivity,” stated Swee Shou Fern, Exec Dir of Investment Advisory at Edmund Tie.
” This is a trophy corner lot providing the successful prospective buyer an uncommon venture to design an extremely deluxe non commercial site in the heart of Orchard Road.”
The offer for Elizabeth Twrs ends on 15Dec.