Elizabeth Towers up for collective sale for $630mil
Elizabeth Towers based at Mt Elizabeth throughout Orchard Rd has been made for combined sale, by having a reserve pricing of $Six hundred Thirty million, revealed main advertising professional Edmund Tie.
The deal, which takes into account the Seven % additional patio space, calculates to a “convincing property price” of about $2thousand 4hundred per square feet ppr.
Having an area of Fifty Four thousand Three hundred Seventeen point Nine sq ft, the freehold ground in District 9 inhabits an unique edge plot. It is sectioned for home usage beneath the 2K19 Master Plan by having a property altitude of as much as 36 storeys.
Edmund Tie indicated that the plot might perhaps be reconstruct “approximately its affirmed current GFA of 252thousand 4hundred 38 square foot or lot proportion Four point Six Five”.
A five-minute stroll to Orchard also Somerset train terminals, the plot is near multiple services including Ngee Ann City, ION Orchard, Paragon, TAC, Tanglin Club, Mt Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill and even SGP Botanic Gardens.
The ACS (Junior) is in less than a 1 kilometre distance, whilst St Margaret’s Primary School, St Joseph’s Institution Jr and S’pore Chinese Girls’ School are within 2km via the ground.
By having this, the marketing representative projects “incredibly anxious attention” either coming from regional plus abroad real estate investors.
” Elizabeth Towers takes pleasure in an awesome site nestled in the distinguished Mount E residential territory in the middle of the Orchard Rd shopping and lifestyle center, delivering the best of benefit and exclusivity,” revealed Swee S.F., Exec Dir of Investment Advisory at Edmund Tie.
” This particular is a gold corner lot delivering the triumphant bidder an unusual business opportunity to develop an extra luxurious non commercial site in the core of Orchard Road.”
The bidding for Elizabeth Towers ends on 15 December.