Elizabeth Towers up for collective sale for $630mil
Elizabeth Twrs located at Mt Elizabeth inside of Orchard Rd has recently gotten set up for en-bloc, by having a conserve price of $6hundred 30 million, revealed main promoting and marketing professional Edmund Tie.
The value, in which takes into consideration the 7 percentage reward patio spot, solves to a “compelling land estimate” of around $2thousand 4hundred per square foot per plot ratio.
With an area of Fifty Four thousand Three hundred Seventeen point Nine square foot, the rental free location in Area Nine utilizes an uncommon corner land. It is zoned for home use within the 2019 Master Plan by having a constructing altitude of right up to Thirty Six floors.
Edmund Tie noticed that the plot might perhaps be rebuilt “approximately its confirmed latest gross floor space of Two hundred Fifty Two thousand Four hundred Thirty Eight square feet or land scale 4.65”.
A 5 minute walk to Orchard and Somerset train terminals, the plot is in close proximity to various facilities including NAC, ION Orchard, Paragon, The American Club, Tanglin Club, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill and also SGP Botanic Gardens.
The Anglo Chinese Sch (Junior) is within a 1km distance, whereas SMPS, St Joseph’s Institution Junior and also SCGS are within 2km via the site.
Utilizing these conveniences, the marketing professional predicts “incredibly earnest attention” both coming from local and international real estate investors.
” Elizabeth Towers appreciates a distinct locality snuggled in the prominent Mount Elizabeth non commercial territory at the heart of the Orchard Rd shopping and also life-style hub, delivering the optimal of benefit and also exclusivity,” mentioned Swee S.F., Executive Dir of Inv Advisory at Edmund Tie.
” This particular is a winning edge lot supplying the triumphant prospective buyer an unique chance to put together a mega luxury residence spots in the center of Orchard Rd.”
The bidding for Elizabeth Towers ceases on 15 Dec.