Elizabeth Towers up for collective sale for $630mil
Elizabeth Twrs situated at Mt E inside Orchard Rd has actually gotten made for enbloc, by having a reserve cost of $Six hundred Thirty mil, reported main promotion and marketing representative Edmund Tie.
The deal, which takes into consideration the 7 percent added bonus patio spot, figures out to a “convincing land estimate” of roughly $Two thousand Four hundred psf per plot ratio.
With an area of 54,317.9 square feet, the lease free plot in Area 9 utilizes an uncommon edge land. It is sector for home utilization following the 2019 Master Plan with a structure elevation of until 36 levels.
Edmund Tie indicated that the ground might possibly be redeveloped “up to its validated current GFA of Two hundred Fifty Two thousand Four hundred Thirty Eight sq ft or piece ratio Four point Six Five”.
A five-minute walk to Orchard also Somerset Mass Rapid Transit terminals, the plot is close to different services including Taka, ION Orchard, Paragon, TAC, TC, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill including SGP Botanic Gardens.
The ACS (Junior) is in less than an One km radius, whilst St Margaret’s Primary School, St Joseph’s Institution Jr and also S’pore Chinese Girls’ School are in less than 2km via the plot.
By having this, the promoting and marketing agent anticipates “extremely avid involvement” both from regional also foreign real estate investors.
” Elizabeth Twrs takes joy in an outstanding site situated in the respected Mt Elizabeth housing enclave inside the core of the Orchard Road shopping plus life-style hub, supplying the finest of satisfaction as well as exclusivity,” explained Swee S.F., Executive Director of Inv Advisory at Edmund Tie.
” This particular is a gold corner lot using the rewarding prospective buyer an uncommon chance to create an ultra-luxury residential landmark in the core of Orchard Road.”
The offer for Elizabeth Twrs wraps up on 15Dec.
