Elizabeth Towers up for collective sale for $630mil

Elizabeth Twrs positioned at Mt E amongst Orchard Road has gotten put up for enbloc, with a conserve pricing of $630 million, made known sole marketing and advertising representative Edmund Tie.

The figure, that considers the Seven percent additional patio space, formulates to a “convincing property figure” of approximately $2thousand 4hundred psf per PR.

Having a surface area of Fifty Four thousand Three hundred Seventeen point Nine sq ft, the rental free location in Area Nine possesses a rare edge plot. It is zoned for housing purpose following the 2019 Master Plan by having a constructing height of up to Thirty Six storeys.

Edmund Tie noted such the location might be reconstruct “as much as its affirmed current GFA of Two hundred Fifty Two thousand Four hundred Thirty Eight square foot or lot ratio Four point Six Five”.

A five-minute walk to Orchard as well as Somerset train terminals, the location is close to numerous services consisting of Ngee Ann City, ION Orchard, Paragon, TAC, TC, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill and also S’pore Botanic Gardens.

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The ACS (Junior) is within a 1 km distance, whereas St Margaret’s Primary School, SJIJ as well as SCGS are in less than 2km via the site.

With this perk, the marketing and advertising rep foresees “incredibly keen attraction” simultaneously coming from regional furthermore abroad developers.

” Elizabeth Towers relishes an outstanding site situated in the distinguished Mt Elizabeth non commercial territory at the middle of the Orchard Road retail and way of living center, providing the ideal of practicality as well as exclusivity,” revealed Swee S.F., ED of Investment Advisory at Edmund Tie.

” This particular is a winning edge ground delivering the triumphant bidder an unique venture to develop a super extravagance housing spots in the middle of Orchard Road.”

The bidding for Elizabeth Twrs wraps up on 15December.

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